[South Korea's Central Bank Digital Currency Pilot 'Han River Plan' Enters Second Phase, Two New Banks Join] Odaily Planet Daily News – The South Korean Financial Services Commission announced that the central bank digital currency (CBDC) pilot program, the 'Han River Plan,' has entered its second phase. Gyeongnam Bank and iM Bank have officially joined, increasing the number of participating banks to nine. It is reported that the second phase of South Korea's CBDC testing will significantly expand the user base and application scenarios for deposit tokens. The maximum number of electronic wallets will increase from 100,000 to 500,000, and the usage scope will extend from existing merchants to small and medium-sized businesses as well as large enterprises. Additionally, new features such as wallet-to-wallet transfers and treasury fund payment pilots will be introduced. The maximum balance per wallet will be raised from 1 million KRW to 10 million KRW, while the cumulative holding limit will increase from 5 million KRW to 100 million KRW. (EToday)