Bank of Korea Governor Rhee Chang-yong is poised to play a pivotal role in shaping the future of global finance this November. Between critical discussions in Basel and his unveiling of the BOK’s digital currency project at the Singapore FinTech Festival 2025, Rhee’s engagements promise to spark essential conversations on central bank digital currencies (CBDCs) and technological innovations redefining the financial landscape.
Significant Engagements in Basel
Rhee Chang-yong commences his seven-day international visit with pivotal meetings at the Bank for International Settlements (BIS) in Basel, Switzerland. As he gathers with central bank governors from across the globe, discussions will center on emerging developments in the global economy and financial markets during the Global Economy Meeting and the Economic Consultative Council. Rhee’s significant role as chair of the BIS’ Committee on the Global Financial System underscores his influence, where he will facilitate crucial dialogues around pending financial issues.
Rhee has been at the helm of the Bank of Korea since 2022, steering monetary policy through complex global challenges. His previous experience, including a directorial role at the International Monetary Fund (IMF), highlights his advocacy for cooperative approaches in addressing global financial stability.
“The convergence of central banks in forums like this is vital for coherent and collaborative action in today’s interconnected economy,”
stated Rhee, emphasizing the importance of unity in tackling financial hurdles.
Unveiling Innovations at Singapore FinTech Festival 2025
Following his engagements in Basel, Rhee will transport his insights to Singapore for the much-anticipated Singapore FinTech Festival 2025, which celebrates its 10th anniversary from November 12–14. This year’s theme, “Shaping the Next Decade of Growth,” signifies a commitment to exploring how artificial intelligence, tokenization, and quantum computing can revolutionize the financial ecosystem.
With over 65,000 attendees and 70 sessions, the festival promises to gather a diverse mix of industry and thought leaders. Noteworthy speakers such as H.E. Dr. Chea Serey, the National Bank of Cambodia’s Governor, and Eric Jing, Chairman of Ant Group, will illuminate discussions on financial inclusion and digital innovations.
“Events like these are critical for sharing insights and forging partnerships that empower financial systems worldwide,”
stated Dr. Serey.
Rhee’s Contribution to Digital Finance and CBDCs
Governor Rhee’s participation in the Singapore FinTech Festival will specifically spotlight the Bank of Korea’s digital currency initiative. In alignment with global discourse on CBDCs, Rhee will lead discussions that delve into their impact on monetary systems and finance at large. This initiative comes at a time when central banks worldwide are expanding their digital frameworks amidst growing demand for secure digital transactions.
His session will feature alongside other discussions on the transformation of central banking through digital currency.
“The future of finance hinges on adapting to digital trends, and our role is to ensure stability while nurturing innovation,”
Rhee remarked, highlighting the balance between progress and security as a priority for monetary authorities.
Innovations and Future Trends at SFF 2025
The festival is set to unveil groundbreaking innovations from leaders in technology and finance. Companies such as NEC will present transformative platforms like Face Payment, integrating facial recognition with payment processes to enhance security and efficiency. Michio Kotegawa, Senior Vice President at NEC Asia Pacific, remarked,
“Finance is entering a new era where identity, insights, platforms, and security must work as one. We are proud to bring proven solutions to ASEAN that empower financial institutions.”
Such technologies underscore the festival’s focus on creating interconnected, secure financial ecosystems.
These advancements mirror the festival’s broader themes, which include exploring AI’s role in enhancing risk management and regulatory compliance within financial institutions. Sessions like “Digital Money: How Forward-Looking Institutions Are Managing Risks and Seizing Opportunities” will facilitate conversations around the mainstream adoption of digital currencies, featuring leaders from giants like Visa and JPMorgan.
Charting the Course for Financial Innovation
The upcoming weeks will be pivotal for the global financial community as Rhee Chang-yong takes center stage in discussions that could redefine economic landscapes. The convergence of insights from top financial leaders at the Singapore FinTech Festival could lead to transformative practices, ensuring central banks and financial institutions are well-equipped for the future.
As the festival approaches, all eyes will be on Rhee’s presentations and the groundbreaking themes being discussed, particularly regarding how technology and policy can work hand in hand to foster a secure and innovative financial landscape. The unfolding dialogues at both Basel and Singapore will undoubtedly influence the trajectory of global finance as we know it.
