Korea’s Digital Won: When Subsidies Go Blockchain, Will Your Grandma Notice?
On Wednesday, the Bank of Korea (BOK) proudly announced the second phase of Project Hangang, their grand experiment in blockchain-based payments. They’ve added Kyongnam Bank and iM Bank to the mix, because nine banks are clearly better than seven. The project, conducted with the Financial Services Commission and the Financial Supervisory Service, is now testing deposit tokens for government subsidies and nationwide payments. Because if there’s one thing the world needs, it’s more acronyms.






