The Bank of Korea has established a virtual asset unit to lead internal discussions on a Korean won stablecoin.

Odaily Planet Daily reports that the Bank of Korea has established a new Virtual Assets Department within the Financial Payment Systems Bureau, which is expected to lead discussions within the bank regarding a Korean won stablecoin. Additionally, the Bank of Korea officially renamed its Digital Currency Research Team the Digital Currency Team, a change that signals a shift from theoretical exploration to more active digital currency projects. (News 1)