Director of the Korea Financial Settlement Bureau: South Korea does not need to issue central bank digital currency

According to the Korean economic news, Kyong-sik Hong, director of the Bank of Korea Financial Settlement Bureau, said in a joint seminar entitled "2019 Payment and Settlement System" jointly organized by the Bank of Korea and the Korea Payment Association. "The payment settlement infrastructure in Korea is very Advanced, various payment methods are very developed, so there is almost no need to issue Central Bank Digital Currency (CBDC). He added: "The possibility of issuing CBDC in major countries in the near future is still small. But some special circumstances The country will have a positive attitude towards the issuance of CBDC."