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[South Korea's Financial and Tech Giants Collaborate to Enter Stablecoin Market] South Korea's four major financial holding companies—KB, Shinhan, Hana, and Woori—are collaborating with tech giants Naver, Kakao, and Samsung Electronics to capture market share in the stablecoin sector. Although the market has not yet been fully legalized, domestic stablecoin trading volume has already exceeded 60 trillion Korean won (approximately $41.15 billion). Financial regulators plan to submit a stablecoin regulatory bill to the National Assembly by the end of 2025. Banks, as the core business units of holding groups, are expected to become the primary issuers of Korean won-pegged stablecoins. KB, Shinhan, and Hana have partnered with Naver and are exploring a three-way collaboration with Naver and Dunamu, the operator of crypto exchange Upbit. Woori is strengthening its partnership with Samsung Wallet through its main banking relationship with Samsung Electronics. Each group is expanding its teams and conducting internal testing. KB has applied for 17 trademarks combining "KB" and "KRW," Shinhan is testing stablecoin usage in delivery applications, Hana has established a dedicated digital asset task force, and Woori has invested 5% equity in digital asset custody company BDACS.