Korea already has a rail war: the [FSC approved phase two of Project Hangang’s deposit-token test](https://www.fsc.go.kr/po010101/87338) on July 15, putting Tempo beside a Bank of Korea CBDC-system rail before either has scaled. [Coupang calls this a PoC](https://news.coupang.com/archives/64957/) that waits on legislation, while the [FSC was still debating](https://fsc.go.kr/no010101/86373) whether banks must own 50%+1 of KRW-stablecoin issuers in March.

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