After meeting with Circle, South Korean Central Bank officials remain skeptical about the issuance of a Korean won stablecoin.

According to Gate News bot, South Korean media Newsway reported that despite several unnamed executives from Circle recently holding talks with officials from the Central Bank of Korea and members of the National Assembly, the Central Bank of Korea remains lukewarm to the proposal of launching a Korean won stablecoin.

Both parties "exchanged views" on stablecoins during private talks. Sources from the media indicated that they are not authorized to disclose the "main agenda or topics discussed" during the talks.

The media also added that Circle executives will meet with senior officials from the Financial Services Commission (FSC) of South Korea. The FSC is the highest financial regulatory authority in South Korea.

The new South Korean government is formulating its financial policy after the elections on June 3, and discussions regarding stablecoins are actively underway, with "global companies closely watching."

President Lee Jae-myung promised to introduce a currency pegged to the Korean won for commerce and international trade.