Woofun AI reports that the Bank of Korea and participating commercial banks are finalizing preparations for the second phase of the "Han River Plan" CBDC pilot. Real transaction testing for deposit tokens is scheduled to commence as early as September, provided system development and participant recruitment proceed on schedule.

Phase 1, conducted from April to June last year, involved 81,000 participants executing 114,880 transactions via electronic wallets to evaluate the payment system. Phase 2 prioritizes commercialization exploration. Separately, the Ministry of Economy and Finance stated in its H2 growth strategy that a government bond tokenization pilot linked to institutional-level CBDC will launch next year.