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Bank of Korea signs MOU with Bank Indonesia

News | Payments General | 16 Jul 2024

The Bank of Korea (BOK) has signed a memorandum of understanding (MOU) with Bank Indonesia to enhance cross-border payments.

partnership, banks, cross-border payments, payments , transactions

South Korea plans a CBDC pilot in 2024

News | Cryptocurrencies | 24 Nov 2023

South Korea has revealed its plans to launch a central bank digital currency (CBDC) pilot involving 100,000 citizens in the fourth quarter of 2024.

cryptocurrency, digital assets, CBDC, banks

Samsung partners with Bank of Korea

News | Online Payments | 15 May 2023

South Korea-based company Samsung has announced its partnership with the Bank of Korea to launch wire transfers to Galaxy smartphones and smartwatches. 

partnership, mobile payments, online payments, digital signature, payments , contactless payments

Bank of Korea to investigate digital currency service providers

News | Cryptocurrencies | 27 Apr 2023

The Bank of Korea has received investigative powers over digital currency service providers and has gained access to their transaction data.

regulation, compliance, digital assets, cryptocurrency, transactions , central bank

South Korea to launch task force service

News | Online & Mobile Banking | 27 Feb 2023

Financial authorities of South Korea have announced the launch of a task force service aimed to enhance banks’ business practices and overall management.

product launch, online banking, digital banking, financial services, financial institutions