韩国银行启动24小时韩元结算试点

The Bank of Korea (BOK) has launched a pilot run of its first 24-hour Korean won settlement network, with KB Kookmin Bank, Woori Bank, Hana Bank, and Shinhan Bank participating. The network is scheduled to be fully operational by January 2027 and will expand to other institutions and foreign banks.

The network operates around the clock except on weekends and public holidays. Foreign investors can register foreign institution accounts through won-denominated services and settle won transactions during business hours in their own regions without needing to open accounts directly with Korean financial institutions.

The Bank of Korea previously participated in Project Agorá led by the Bank for International Settlements and completed a cross-border payment trial in July using tokenized central bank reserves and commercial bank deposits. It is also advancing the blockchain-based Project Hangang, which utilizes wholesale central bank digital currency to settle tokenized commercial bank deposits. (Cointelegraph)