According to CoinMeta, as reported by digital and asset, Bank of Korea Governor Shin Hyeon-sung stated at the parliamentary audit meeting on October 12 that stablecoin-related activities should be carried out by private enterprises. The Bank of Korea will not directly participate in stablecoin operations but will provide opinions regarding the overall monetary ecosystem. He pointed out that the "Han River Project" ( Project Hangang ) promoted by the Bank of Korea is different from private stablecoins, as it tokenizes the existing two-tier monetary system through institutional CBDC and bank deposit tokens. Additionally, Shin Hyeon-sung mentioned that since 2023, the Bank of Korea has no longer been researching retail-oriented CBDC for the public.