Financial revolution triggered by CBDC and strategic options for Korean companies: Adapting to a new role of financial intemedairies

This study analyzes the changes in the financial paradigm that the introduction of CBDC will bring about and discusses strategic options of Korean companies. As a result of change, the role of existing financial intermediaries is expected to change. Commercial banks will be significantly influenced by this change. rmediaries. CBDC reduces deposits in commercial banks, which affects corporate loan financing. Accordingly, Korean companies can increase their financial capacity by holding and programming CDBCs to strengthen internal control within the company, thereby reducing their dependence on loan review. In addition, CBDC reduces the brokerage role of fintech companies and credit card companies as funds do not go through intermediaries. Accordingly, fintech companies can collaborate with credit card companies to release new credit cards that can grow complementarily with CBDCs and implement real estate smart contract strategies by utilizing CBDC's smart contract function. Some foreign countries have already introduced CBDC or are actively discussing it. Korea conducted a CBDC utilization test at the end of 2024, involving up to 100,000 people. Therefore, Korean companies need to prepare for the reduction of the role of intermediaries that CBDC will bring about in the near future.