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South Korea’s platform giant Naver Corp. is taking the leap into the digital currency platform market with its plans to participate in the Bank of Korea-led central bank digital currency (CBDC) project. According to the IT industry on May 13, the Bank of Korea is set to kick off the CBDC pilot program in the second half of this year, in which Naver will participate via its subsidiaries Naver Financial Corp. and LINE Plus Corp.  Naver is eyeing digital currency as one of its growth engines, alongside commerce and content. The CBDC pilot program will test the utility and security aspects of the project, such as creating, distributing and issuing digital currencies as well as making transfers and payments.

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