ChainCatcher news, South Korean internet giant Kakao has established a stablecoin task force. Kakao CEO Shina Chung, Kakao Pay CEO Shin Won-keun, and Kakao Bank CEO YoonHo-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 task force involving grassroots employees from subsidiaries has been formed to effectively advance the proposed agenda.