Korean IT giant Kakao's banking division, KakaoBank, Chief Financial Officer Kwon Tae-hoon stated that the bank is reviewing new business opportunities to participate in digital asset issuance or custody and is collaborating with Kakao's stablecoin task force to make relevant preparations. Previously, KakaoBank had issued real-name verification accounts on virtual asset exchanges and operated KYC/AML monitoring, and participated in the Bank of Korea's central bank digital currency trial, handling digital wallets, transactions, and remittances. (The Block)