[New Bank of Korea Governor Shin Hyun-song Focuses on CBDC on First Day, No Mention of Stablecoins] According to Naver, the new Governor of the Bank of Korea, Shin Hyun-song, emphasized accelerating the advancement of central bank digital currency (CBDC) in his inaugural speech. He specifically highlighted the second phase of the 'Project Han River,' which aims to enhance the utilization of CBDC and deposit tokens, as well as elevate the status of the Korean won in the digital payment environment through international collaborations such as the Agora project. In his speech, Shin Hyun-song did not mention the Korean won stablecoin. Previously, during his confirmation hearing, he stated that CBDCs and stablecoins could coexist depending on their respective use cases. However, he argued that in the context of Korea's foreign exchange regulations, deposit tokens based on CBDCs should be the priority. Shin Hyun-song had also previously pointed out the structural limitations of stablecoins, including the fact that their 1:1 exchange with fiat currency is not always guaranteed, their issuance by private entities on public blockchains limits central bank control, and associated security risks.