The Bank of Korea has kept its benchmark interest rate steady at 2.50% for the tenth consecutive meeting, signaling a cautious yet strategic approach to monetary policy in […]
Bank of Korea Governor Supports Cautious Stablecoin Rollout for Won-Back Tokens
South Korean officials are cautiously considering the development of won-denominated stablecoins. The Bank of Korea (BOK) governor has expressed support, but only if issued by banks. This move […]
Bank of Korea Leaders Discuss Stablecoin Regulation
South Korean Bank of Korea Governor Rhee Chang-yong will meet with CEOs of major commercial banks on June 23rd to discuss regulations for won-backed stablecoins. This meeting comes […]
Bank of Korea to Address Concerns Over Stablecoin Policy Shift
The Bank of Korea is set to meet with banking leaders on June 23rd to discuss the potential impact of stablecoin regulations, including those related to new won-based […]
Bank of Korea Cuts Rates for Fourth Time, Aiming to Boost Growth Amidst Slowdown
South Korea’s central bank lowered its benchmark interest rate by 25 basis points to 2.50%, marking the fourth rate reduction since October 2024. This decision was made at […]
Bank of Korea Maintains Interest Rate Amid Economic Uncertainty
The Bank of Korea has announced its decision to hold interest rates at 3.50%, aiming to stabilize the economy amidst rising inflation concerns. This decision comes as global […]