According to News1, the Bank of Korea announced on July 29 that it has adjusted its organizational structure, officially establishing a "Virtual Asset Group" and renaming the "Digital Currency Research Room" to the "Digital Currency Room" to strengthen its regulatory and policy response capabilities regarding the market for virtual assets such as the Korean won stablecoin.

The newly established "Virtual Assets Group" will be responsible for monitoring the stablecoin-related market and providing legislative support; at the same time, the responsibilities of the technical team under the Digital Currency Office have also been further clarified, which will be responsible for the development and management of privacy protection technology, deposit token infrastructure, and its feasibility verification platform.