<ul data-eligibleForWebStory="true"><li>South Korea has paused its CBDC plans amid the increasing adoption of stablecoins in the country.</li><li>The Bank of Korea is monitoring the government's stablecoin strategy before proceeding with CBDC integration.</li><li>South Korean President Lee Jae-myung supports stablecoins, proposing eligibility for companies to issue stablecoins with low reserves.</li><li>South Korean banks are reluctant to continue CBDC trials due to high costs, with a shift towards issuing their own stablecoins.</li></ul>

South Korea Pauses CBDC Plans as Stablecoins Gain Ground

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