MoonPay launched MoonPay Korea on September 29 with Kakaobank, Woori Bank and KB Financial Group as partners for proposed stablecoin-based remittances, cross-border settlement and payments services. Kakaobank and MoonPay aim to process international student remittances from South Korea to U.S. bank accounts in under one hour, while exploring custody, distribution and swaps involving won-, dollar- and yen-pegged stablecoins. Woori Bank plans to connect domestic banking capabilities with MoonPay's international wallet network to support overseas access to won-backed stablecoins and two-way business settlement. KB Financial Group is examining wallets, stablecoin issuance and distribution, remittances and payment use by foreign visitors after an earlier Vietnam trial completed in under three minutes with reported fees 87% below a conventional SWIFT transfer. The proposed services remain exploratory and depend on regulatory requirements, commercial issuance and South Korea's developing stablecoin framework.