BlockBeats news, on August 5, according to the Daily Economic News, South Korean internet giant Kakao has established a special working group for stablecoins. Kakao CEO Shina Chung, Kakao Pay CEO Shin Won-keun, and Kakao Bank CEO Yoon Ho-young will meet weekly to discuss various situations and tasks related to the projects.
Other subsidiaries, including Kakao Games, are expected to join in the future. Additionally, a working group has been established with grassroots employees from subsidiaries to actively advance the proposed agenda.