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Naver, Kakao, LG ‘Will Bid to Participate’ in South Korean CBDC Pilot
Summary: The Bank of Korea (BOK), South Korea’s central bank, is set to pilot its prototype digital KRW beginning in August as the country increases the pace of its central bank digital currency (CBDC) adoption plans. And it looks as though three of the nation’s biggest tech giants are keen to take part. Both Naver, the ...
The Bank of Korea (BOK), South Korea’s central bank, is set to pilot its prototype digital KRW beginning in August as the country increases the pace of its central bank digital currency (CBDC) adoption plans. And it looks as though three of the nation’s biggest tech giants are keen to take part.
Both Naver, the nation’s biggest search engine and the founder of the Line chat app (the dominant platform in Japan) and the domestic chat app giant Kakao, are set to bid to take part, per a report from Money Today. The conglomerate LG also hopes to submit a bid with a bidding process set to begin the weeks ahead.
By Amy Liu
Tags: CBDC,South Korean
Link: Naver, Kakao, LG ‘Will Bid to Participate’ in South Korean CBDC Pilot [Copy]
