News about CBDC from Bank of Korea appeared on joind.io website.
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As the Bank of Korea prepares for a central bank digital currency (CBDC) pilot test in August, major domestic companies are participating in the bidding, CryptoNews reported on May 26. On the 25th, the Bank of Korea announced the recruitment of CBDC simulation research service providers. The business operator runs the business for 10 months after selection.
According to reports, it is known that the largest portal Naver in Korea and the messenger service providers Kakao, Shinhan Bank, Hana Bank, and LG will participate in the bidding in the form of a consortium. Naver has already announced participation in the integrated bidding for Naver Financial. In the case of Kakao, Kakao Pay and the blockchain subsidiary Ground X are preparing.
Banks are also accelerating their preparations. According to a report by Money Today, Shinhan Bank jointly built a digital currency platform with LG CNS. Hana Bank established an industry-academic cooperation center with POSTECH in August of last year. Hana Bank is known to have used the Cosmos platform.