Overview
- Phase 2 expands participation from seven to nine banks, adding Kyongnam Bank and iM Bank to run real transactions on CBDC‑backed deposit tokens.
- Live government subsidy disbursement is being piloted, with officials targeting a start in the first half of 2026.
- Usability upgrades include fingerprint approvals, peer‑to‑peer wallet transfers, and automatic top‑ups to address Phase 1 friction and low usage.
- The central bank presents deposit tokens as an intermediate step and has urged regulators to confine early won‑stablecoin issuance to licensed banks.
- Large‑scale transactions across all nine banks are planned for the second half of 2026, with exploration of AI‑driven automatic payments and lower merchant fees.