Overview
- KB, Shinhan and Hana have partnered with Naver, while Woori is deepening ties with Samsung, including operations linked to Samsung Wallet.
- Regulators plan to submit a unified stablecoin bill by the end of 2025, setting issuance and management rules and creating Korea’s first comprehensive framework.
- FSC chair Lee Eok-Won has said the proposal would bar interest or other yield for stablecoin holders.
- Industry reporting says banks are exploring collaboration with Dunamu, and KakaoBank is preparing stablecoin initiatives with a dedicated task force.
- Private pilots continue, including BDACS’s KRW1 proof-of-concept with Woori Bank, as reported domestic stablecoin transactions top roughly 60 trillion won.