The Bank of Korea will launch a CBDC pilot program called "Hangang" in April to facilitate daily trading

According to Newsis, the Bank of Korea (BOK) plans to launch a pilot of a central bank digital currency (CBDC) called "Hangang". The plan aims to facilitate daily transactions from April to June. Once the Bank of Korea issues digital currency to seven participating banks, these institutions will distribute deposit tokens for use in local supermarkets, online shopping centers, and convenience stores. It is expected that the pilot will involve 100000 local citizens.