The banking division of South Korea’s IT giant Kako is reportedly strengthening plans to be elected as federal president Lee Jae-Myung in amid the country’s regulatory shift after election.
Kakaobanks Chief Financial Officer Kwon Tae-Hoon said in the company’s first half of earnings appeal for 2025, the company is “reviewing various methods such as issuance and custody” and “plans to actively participate” in the “digital asset ecosystem” Report Wednesday
Quan added that the initiative is working with Kakao’s Stablecoin contingent, which includes top leaders from core branches including Kakao’s.
The stable action of kakaobanks follows President Lee Zhan in JuneHe has since pushed for various encryption-related laws, including Act Legalizes Stablecoins.
kakaobank-based
kakaobank Filed For the June 23 trademark associated with Stablecoin, it is also in line with Kookmin Bank, a subsidiary of KB Financial Group. Eight other major Korean banks Still planning the stablebacterium that South Korea won Launched by 2026.
According to reports, Kakaobank has already had experience in digital assets, “successfully conducted wallets, exchanges” and participated Bank of Korea Central Bank Digital Currency experiment.
“For the past three years, we have been issuing accounts verified for virtual asset exchanges and are operating risk-related measures such as knowing your customers and monitoring based on anti-joint money laundering,” Kwon said.
kakaobank have As of March this year, 25.86 million users accounted for about half of South Korea’s 51.7 million population, and $46.47 billion in assets.
Encrypted communication South Korea also has more than 16 million usersAfter U.S. President Donald Trump’s election victory last November. This figure accounts for more than 30% of the country’s population.
kakaobank stock remains flat
Previously, after Kakaobank Apply for a trademark related to Stablecoinits stock price Jumped up To 37,000 Koreans ($27) won from $22.60, an increase of 19.3%.
However, after the latest update to its Stablecoin plan, the stock price made a smaller gain on Wednesday, rising to a peak of 27,825 won ($20.10) in the trade before Bale fell to 26,900 won ($19.43).
In its latest trade fair on Thursday, its share price brought only a small gain. rise Trade had 0.93% with 27,150 South Korean champion ($19.60).
The bank has been operating since 2016 and is established through a partnership between South Korean Investment Holdings and Kakao Corp.
Related: XRP custody is enabled for Korean institutions in “strong interest” through BDAC
Stablecoins use eyes around the world
Other large companies and even countries are right Using Stablecoins There is also some form.
Report from May 14 from the enterprise-level digital asset platform Fireblocks These 90% of institutional participants were surveyed Exploring the use of stable in its operations.
Meanwhile, Russian Ministry of Finance officials have formulated a plan Develop your own stability In April, three majors in Abu Dhabi Create a new dirham-pegged stablecoin In the same month.
Magazine: Fake JD Stablecoins, Scammers imitate Solana Devs: Asia Express
