{"id":14791,"date":"2025-08-07T08:44:47","date_gmt":"2025-08-07T06:44:47","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=14791"},"modified":"2025-08-07T08:44:47","modified_gmt":"2025-08-07T06:44:47","slug":"kakaobank-sets-sights-on-launching-stablecoin-services","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/kakaobank-sets-sights-on-launching-stablecoin-services\/","title":{"rendered":"KakaoBank Sets Sights on Launching Stablecoin Services"},"content":{"rendered":"

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The financial division of South Korean tech behemoth Kakao Corporation is allegedly intensifying efforts to provide stablecoin solutions in light of a regulatory transformation in the nation following the election of pro-crypto President Lee Jae-myung.<\/p>\n

KakaoBank\u2019s CFO Kwon Tae-hoon mentioned during the company\u2019s earnings call for the first half of 2025 that the firm is \u201cevaluating diverse methods such as issuance and custody,\u201d and \u201cintends to actively engage,\u201d in the \u201cdigital asset ecosystem,\u201d as reported by ZDNet Korea on Wednesday<\/a>.<\/p>\n

Kwon noted that this venture is being driven in collaboration with Kakao\u2019s Stablecoin Task Force, which comprises upper management from its key subsidiaries, including KakaoPay.<\/p>\n

KakaoBank\u2019s stablecoin initiative comes after the election of President Lee Jae-myung in June<\/a>, who has since advocated for several crypto-related regulations, including a legislation to legalize stablecoins<\/a>.<\/p>\n

KakaoBank establishing foundations<\/h2>\n

KakaoBank applied<\/a> for trademarks related to stablecoins on June 23, concurrently with its competitor Kookmin Bank, a part of KB Financial Group. Eight additional South Korean banks are also aiming to introduce Korean won-pegged stablecoins<\/a> by 2026.<\/p>\n