Overview

• Woori Bank has launched a nine-member Digital Asset Team to oversee stablecoin development, digital wallet services and revived custody initiatives in partnership with blockchain firms.
• KB Kookmin’s Digital Asset Response Council, formed in June, has drafted rapid-response scenarios, applied for 81 stablecoin trademarks and is exploring alliances with insurers, credit card issuers and securities firms.
• KEB Hana Bank convened a cross-departmental working group to tackle won-pegged stablecoin frameworks and lay the groundwork for future digital infrastructure projects.
• Shinhan Bank’s 20-member crypto task force is prototyping custody solutions, wallets and token services, while smaller lenders such as K Bank and Busan Bank have set up their own digital asset and blockchain units.
• Lenders are positioning themselves ahead of the Digital Asset Basic Act and related bills that will authorize fully reserved, bank-issued stablecoins under central bank oversight.