South Korea is set to embrace stablecoins, with the Bank of Korea backing a phased rollout through 8 commercial banks.

Eight commercial South Korean banks have joined to establish a won-linked stablecoin comprising two initial models.

South Korea's Digital Basic Act paves the way for the creation of won-backed stablecoins. Bank of Korea Deputy Governor Ryoo ...

South Korea Maps Phased Stablecoin Rollout, Starting With Regulated Banks in a move to complement the growing push for ...

South Korea returned as a crypto hub, showing additional interest in stablecoins. Kakao Pay Corp., however, sank by 17% after ...

Eight major South Korean banks form a consortium to launch a won-backed stablecoin with trust and deposit-linked models ...

The launch of a won-pegged stablecoin is part of an effort by eight of South Koreas largest commercial banks to strengthen the domestic financial sector and reduce dependence on digital assets that ...

South Korean commercial banks are scaling back loans to small and medium-sized enterprises (SMEs) as high exchange rates ...

The Bank of Korea deputy governor said the move would create a "safety net” and reduce risks as the nation advances its ...

Four fast-growing Korean American banks dominated the top ranks of Small Business Administration lenders in the Los Angeles area in 1999, according to a Times analysis of agency data, boosting the ...

Some South Korean crypto exchange workers are getting paid more than staff in some of the nation's top commercial banks, new data shows. Per News1, average salaries have "more than doubled"; year ...