South Korea to Launch 'Hangang' CBDC Pilot in 2025

According to Odaily, the Bank of Korea (BOK) is set to initiate a central bank digital currency (CBDC) pilot named 'Hangang.' The program, scheduled from April to June, aims to facilitate everyday transactions. Once the BOK issues the digital currency to seven participating banks, these institutions will distribute deposit tokens for use in local supermarkets, online shopping centers, and convenience stores. The pilot is expected to involve 100,000 local citizens.