The Bank of Korea plans to resume central bank digital currency testing

According to Odaily, the Bank of Korea has recently sent an official document regarding the second round of CBDC testing to major banks. The second round of testing is considering distributing part of government subsidies in the form of digital currency. The aim is to use CBDC to restrict the use of subsidies and reduce the management and administrative costs associated with subsidy distribution. However, a Bank of Korea official stated that details, including specific methods and timelines, are still under discussion.