South Korea has announced its "Won Internationalization Roadmap," aiming to transition the won into a freely convertible currency and establish an offshore won settlement network. The Bank of Korea plans to trial the "Offshore Won Settlement Network" in September, with a full launch slated for January. This initiative includes developing digital asset payment infrastructure to support the issuance and trading of won-denominated stablecoins. Additionally, a pilot project for government bond tokenization linked to the central bank's digital currency is set for next year. South Korea will also join the BIS-led cross-border digital payment project "Agora."