South Korea’s largest financial groups are partnering with leading tech firms to launch KRW-based stablecoins ahead of expected regulatory changes.
South Korea’s top financial holding companies, including KB, Shinhan, Hana, and Woori, are accelerating partnerships with major tech firms such as Naver, Kakao, and Samsung to develop and launch stablecoin projects. The initiatives involve issuing stablecoins pegged to the Korean won, taking advantage of tech platforms for distribution and integration. This push comes amid growing industry interest and anticipates upcoming legislation expected by the end of 2025 to regulate stablecoin issuance and usage.