PANews reported on April 21 that, according to Naver, Shin Hyun-song, the newly appointed governor of the Bank of Korea, emphasized in his inaugural address that he would accelerate the development of the central bank digital currency (CBDC), highlighting the second phase of "Project Han River," which aims to increase the utilization rate of CBDC and deposit tokens, and enhance the status of the Korean won in the digital payment environment through international cooperation such as Project Agora.

In his inaugural address, Shin Hyun-song did not mention a stablecoin for the Korean won. Previously, at his personnel hearing, he stated that CBDCs and stablecoins could coexist depending on their intended use, but argued that given South Korea's foreign exchange regulations, deposit tokens based on CBDCs should be the focus. Shin had previously pointed out structural limitations of stablecoins, including the fact that a 1:1 exchange rate with fiat currency is not always guaranteed, the issuance by the private sector on public blockchains limiting the central bank's control, and security risks.