Naver, Kakao, LG ‘Will Bid to Participate’ in South Korean CBDC Pilot

The Bank of Korea (BOK), South Korea’s central bank, is set to pilot its prototype digital KRW beginning in August as the country increases the pace of its central bank digital currency (CBDC) adoption plans. And it looks as though three of the nation’s biggest tech giants are keen to take part.Both Naver, the nation’s biggest search engine and the founder of