On his first day in office, Shin Hyun-song, the new governor of the Bank of Korea, focused on CBDCs and made no mention of stablecoins.

CoinFeed reported on April 21 that, according to Naver, Shin Hyun-song, the newly appointed governor of the Bank of Korea, emphasized in his inaugural address the acceleration of the central bank digital currency (CBDC) rollout, highlighting the second phase of "Project Han River," which aims to increase the utilization rate of CBDCs and deposit tokens, and enhance the Korean won's position in the digital payment environment through international cooperation such as Project Agora. Shin Hyun-song did not mention a Korean won stablecoin in his inaugural address. Previously, at his personnel hearing, he stated that CBDCs and stablecoins could coexist depending on their respective uses, but believed that, given South Korea's foreign exchange controls, CBDC-based deposit tokens should be the focus. Shin Hyun-song had previously pointed out structural limitations of stablecoins, including the fact that a 1:1 exchange rate with fiat currency is not always guaranteed, the issuance by the private sector on public blockchains limits the central bank's control, and security risks.