On May 12, it was reported that the Bank of Korea emphasized that if a stablecoin backed by the Korean won is launched, the central bank should intervene from the initial approval stage. Ko Kyeong-cheol, head of the Bank of Korea's electronic finance team, stressed at a recent financial law conference that stablecoins could have a significant impact on the central bank's ability to implement policies related to monetary policy, financial stability, and payment settlement. He emphasized that the Bank of Korea should play a role in the approval process to minimize the negative effects that digital assets may have on the central bank's policy objectives.