'Han-eun-Minjaebu-IMF International Conference' Held... Georgieva Managing Director Visits Korea

by Mun Jewon

Published 08 Dec.2023 01:00(KST)

IMF Managing Director's Visit to Four Seasons Hotel on 14-15th
Discussion on Digital Currency's Economic Impact and Virtual Asset Regulation

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), is giving a speech at a hotel in Abidjan, C?te d'Ivoire, on October 5th (local time). [Image source=Yonhap News]

The Bank of Korea (BOK), in collaboration with the Ministry of Economy and Finance (MOEF), the Financial Services Commission (FSC), and the International Monetary Fund (IMF), announced on the 8th that it will hold the "2023 MOEF-BOK-FSC-IMF International Conference" at the Four Seasons Hotel in Jongno-gu, Seoul, on the 14th and 15th.

The conference will be attended by IMF Managing Director Kristalina Georgieva, Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho, BOK Governor Lee Chang-yong, FSC Vice Chairman Kim So-young, among others. This marks the first visit of Managing Director Georgieva to Korea.

The conference will engage in in-depth discussions on the economic impact and outlook of digital currencies, directions for virtual asset regulation, the future of money and the role of central banks, and the relationship between central bank digital currencies (CBDCs) and stablecoins.

The event will begin with welcome remarks from Deputy Prime Minister Choo Kyung-ho and Vice Chairman Kim So-young, followed by a speech from Managing Director Georgieva, and will feature seven panel discussion sessions over two days.

In panel sessions 1 and 7, senior officials will broadly discuss the opportunities, challenges, and policy issues related to digital currencies, and these sessions will be broadcast live via the YouTube channel.

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Governor Lee Chang-yong will deliver a speech on the 15th about Korea's research and development status, significance, and challenges regarding CBDC usability testing, and will also participate as a panelist in panel session 7 to discuss the role and considerations of central banks in the digital economy.