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ChainCatcher news, according to News1, the Korean National Policy Planning Committee is considering granting the right to issue Korean won stablecoins to consortiums composed of banks and non-bank institutions, with related regulation and licensing to be overseen by the Financial Stability Council. This initiative aims to combine the stability of banks with the innovation of fintech companies, and the relevant bill is expected to be promoted by the Financial Services Commission in October. .

Foresight News reported, citing Yonhap News Agency, that the six major banks (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, and IBK) have expressed their intention to actively consider participating in tests related to treasury subsidies to the Bank of Korea. Since late August, the Bank of Korea's Digital Currency Office has been contacting the virtual asset managers of each bank by phone to inquire about their willingness to participate. The upcoming tests will focus on examining whether the government can distribute digital currency to subsidy recipients and use the current treasury payment subsidies or government-guaranteed vouchers (government-backed coupons).