PANews reported on August 6 that Kwon Tae-hoon, CFO of KakaoBank, a pure online bank under the South Korean IT giant Kakao, stated at a semi-annual report meeting that they are assessing the issuance or custody of digital assets and collaborating with the group's stablecoin task force to lay out plans for the Korean won stablecoin market. The bank has participated in the South Korean central bank's CBDC pilot and has KYC/AML monitoring experience. In the first half of the year, operating profit increased by 11% to 353.2 billion won, with deposits reaching 63.7 trillion won and approximately 25.86 million users.