Tech Titans Kakao, Naver and SK in Battle to Test South Korean CBDC

Some of South Korea’s biggest tech and telecommunications giants will duke it out for the right to pilot the central Bank of Korea (BOK)’s forthcoming digital won. Per KBS and Chosun, the bidding process has become a “three-way battle” between the search engine and chat app operator Naver, the chat app service, banking and e-commerce firm Kakao and the telecom