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According to South Korean media Newsis, the main commercial bank in South Korea, KB Kookmin Bank, has initiated the process of obtaining trademark rights related to stablecoins. This is the first time that traditional banks in South Korea have taken such measures. Previously, KakaoBank, a digital bank under communication giant Kakao, also took similar actions. KakaoBank had previously submitted trademark applications for names such as BKRW, KRWB, KKBKRW, and KRWKKB. The trademarks that National Bank intends to apply for include a combination of "KB" and the Korean won symbol "KRW", such as KBKRW, KRWKB, KBST, and KRWST. Earlier today, it was reported that eight major banks in South Korea are preparing to establish joint ventures to issue Korean won stablecoins.