CoinVoice has recently learned from the Korea Herald that South Korea's four major banks (KB Kookmin Bank, Shinhan Bank, Hana Bank, and Woori Bank) are accelerating preparations for the issuance of stablecoins. These banks plan to meet with Heath Tarbert, the CEO of Circle (the issuer of the USDC stablecoin), this month to discuss cooperation on the circulation of dollar stablecoins in Korea, international remittances, and the issuance of Korean won stablecoins.

In addition, KB Financial Group has transformed its 'Stablecoin Division' into a permanent organization, Shinhan Bank is advancing the development of a Korean won stablecoin payment system, Hana Financial Group is actively analyzing related regulations and businesses, and Woori Bank has launched a digital assets team to begin tasks such as trademark applications. [Original link]