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

The Bank of Korea governor Ryoo Sangdai reportedly floated an idea for banks to be the primary issuers of stablecoins in South Korea before gradually rolling out to other sectors.

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 Korea’s commercial banks are urging the incoming administration to overhaul financial regulations, ... Korean banks press for crypto reforms. Published : June 3, 2025 - 14:47:05 ...

A fascinating glimpse into North Korea’s technology sector has emerged through analysis of the Samtaesong 8, a North Korean ...

South Korean police bust fake crypto exchange ring that processed $694.5 million in illegal transactions and seized $3.2 ...

The business lobby for commercial lenders has proposed that the Lee Jae Myung administration establish a dedicated financial ...

Commercial banks are expanding partnerships with big tech and retail sectors while seeking new avenues. As the boundaries of finance gradually diminish, they are focusing on 'embedded finance' to ...

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