Key Notes

Korea’s top banks are partnering with Naver, Kakao, and Samsung to accelerate stablecoin development.

Stablecoin transactions have already surpassed 60 trillion won despite unclear regulations.

Financial regulators plan to introduce a stablecoin bill by the end of 2025.

Leading South Korean banks and tech companies made it clear that they seek dominance in the stablecoin space. According to reports from The Korea Times, financial holding groups KB, Shinhan, Hana, and Woori are forming alliances with Naver, Kakao, and Samsung Electronics to accelerate stablecoin development and issuance.

These collaborations come at a time when stablecoin transactions in Korea have already surpassed 60 trillion won ($41.15 billion), despite the absence of formal legalization.

The country’s F

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