Yonhap Infomax NewsBank 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.