South Korea is set to launch a pilot project to distribute treasury grants using digital currency by 2025. The Bank of Korea, in collaboration with the government and six major banks, including KB Kookmin and Shinhan, will utilize blockchain technology to control the usage and timing of the grants, aiming to prevent misuse and ensure accurate impact assessment. An explanatory meeting is planned for mid-September, with the test potentially starting in the first half of 2025. Additionally, the Bank of Korea is exploring the concept of a Korean won stablecoin, engaging with industry and academic experts while maintaining caution in legal discussions.