Bank of Korea and Bank of Italy will share skills and knowledge and cooperate on technologies that support RTGS systems and CBDC.
December 7, 2023The plans were announced during a visit to Korea by Agustin Carstens, general manager of the BIS, which is providing technical support for Korea's CBDC testing.
November 24, 2023Project Mandala seeks to address disparate policy and regulatory frameworks across jurisdictions that hinder cross-border payments.
November 20, 2023The MoU aims to enhance monitoring so BOK can quickly provide liquidity support to non-bank deposit institutions that run into trouble.
November 1, 2023More specific details on the experiment will be announced at the end of November. The experiment is scheduled to be conducted in Q3 and Q4 next year.
November 1, 2023Bank of Korea said about 30 overseas FIs have expressed interest in participating in the domestic FX market when access opens in January.
October 19, 2023Project Mandala will be run by BIS Innovation Hub Singapore Centre, along with the RBA, BOK, BNM and MAS, with collaboration from FIs.
October 6, 2023South Korean regulators will start testing a wholesale CBDC with commercial banks this month, and a retail CBDC in Q4 of next year.
October 5, 2023Foreign financial institutions without a branch in Korea will be able to trade in the domestic FX market through local forex brokers.
September 28, 2023Banks only started offering 50-year mortgages this year, but household debt grew in August at the fastest pace since February 2020.
September 14, 2023