The Bank of Korea will conduct a CBDC linkage experiment with financial institutions in the second half of the year

According to South Korean media news1, the Central Bank of Korea (BOK) stated that "from the second half of 2022, it will conduct joint central bank digital currency (CBDC) linkage experiments with financial institutions." , will further expand the simulation experiment research. The Bank of Korea also plans to share research results with international organizations such as the Bank for International Settlements and the International Monetary Fund, as well as overseas central banks, and promote mutual cooperation. Foresight News previously reported that the Bank of Korea will work with commercial banks to conduct real-world testing of the digital won prototype.