KakaoBank plans to ‘actively participate’ in stablecoin market: Report
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KakaoBank is reportedly looking at services for the issuance and custody of stablecoins with plans to “actively participate” in the crypto market.
The banking arm of South Korean IT giant Kakao Corporation is reportedly ramping up plans to offer stablecoin services amid a regulatory shift in the country after the election of pro-crypto president Lee Jae-myung.
KakaoBanks’ chief financial officer Kwon Tae-hoon said during the company’s first-half 2025 earnings call that the company is “reviewing various methods such as issuance and custody,” and “plans to actively participate,” in the “digital asset ecosystem,” ZDNet Korea reported on Wednesday
Kwon added that the initiative is being spearheaded in cooperation with Kakao’s Stablecoin Task Force, which includes top leadership from its core affiliates including KakaoPay.
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