Overview
- KakaoBank is building blockchain infrastructure for a KRW-pegged stablecoin and has begun hiring blockchain backend developers.
- Role descriptions call for expertise in smart contracts, token standards, full-node operations, cryptographic key management, and on-chain transaction processing.
- The work is housed in the New Business Service Division, signaling a shift from internal reviews to implementation of stablecoin systems.
- The bank has partnered with Korea Investment & Securities and Lucent Block to develop security token offering products and supporting systems.
- Recent amendments to Korea’s securities laws outline an STO circulation market targeted for the first half of 2026, as competitors such as Naver test local stablecoin wallets in Busan.