Bank of Korea governor nominee Shin Hyun-song endorsed last week's rate freeze as appropriate amid Middle East war uncertainties, while expressing cautious support for won-based stablecoins with emphasis on regulatory safeguards and bank-centered consortium models to prevent circumvention of capital controls.
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Shin Hyun-song Says BOK's Rate Hold Last Week Was 'Appropriate Decision'

Bank of Korea governor nominee Shin Hyun-song endorsed last week's rate freeze as appropriate amid Middle East war uncertainties, while expressing cautious support for won-based stablecoins with emphasis on regulatory safeguards and bank-centered consortium models to prevent circumvention of capital controls.

Yonhap Infomax
Seoul foreign exchange market participants assess Bank of Korea's rate freeze decision has limited impact on dollar-won exchange rate, with Middle East crisis emerging as key variable amid Governor Lee Chang-yong's final policy meeting and heightened market volatility
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