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According to ChainCatcher, citing a report from Newsis, as discussions around the introduction of a Korean won stablecoin intensify in South Korea, analysts believe that direct issuance of stablecoins by banks could lead to a decline in their interest income. A report released by NICE Investors Service indicates that the adoption of stablecoins in the financial industry is expected to have a negative impact on the banking sector, while having a positive effect on the securities industry. If capital flows into stablecoins, banks’ deposit bases may shrink, weakening their intermediary function. Although banks can partially offset the decline in profitability through income generated from stablecoin reserve operations, these returns are still lower than those from loan interest. Currently, about ten banks have established consulting bodies to jointly address the challenges posed by stablecoins and are considering forming a joint venture to issue a common stablecoin. Analysts point out that the introduction of stablecoins is expected to have a positive impact on the securities industry in the medium to long term, while the impact on the credit card industry will be relatively minor. For the practical application of stablecoins to advance, legal, technical, and economic incentive conditions must be met.

According to a report by Jinse Finance, the Bank of Korea is likely to keep interest rates unchanged for the second consecutive time at its policy meeting on Thursday. A survey by The Wall Street Journal of 27 economists showed that 20 expect no change in rates, while the remaining 7 anticipate a rate cut. In a report led by Goohoon Kwon, Goldman Sachs economists stated that maintaining a dovish stance would give the Bank of Korea room to monitor household debt trends, assess the impact of ongoing fiscal stimulus, and track the Federal Reserve’s policy direction. Goldman Sachs predicts that the Bank of Korea will cut rates in October. Most economists expect the central bank to slightly raise its 2025 GDP and inflation forecasts, citing stronger-than-expected economic growth data in the second quarter.