Korea's KakaoBank advances the development phase of the Korean won stablecoin project.

DeepFlowTech

2025-11-26 05:20:39

Abstract generation in progress

According to the message from 深潮 TechFlow on November 26, reported by Theblock, KakaoBank, the digital bank under the South Korean IT company Kakao, has advanced its Korean won-pegged stablecoin project to the actual development stage.

The bank's official website shows that it is hiring backend developers for blockchain services, requiring in-depth knowledge of smart contracts, understanding of token standards, and experience in transaction management and full node operation. KakaoBank CFO Kwon Tae-hoon previously stated during the earnings report conference for the first half of 2025 in August that the bank is reviewing various options for participating in digital finance, including the issuance or custody of digital assets.

In June of this year, Kakao Group's payment subsidiary KakaoPay has applied for copyrights for 6 stablecoin code symbols, including PKRW, KKRW, KRWP, etc., all of which combine Kakao or KakaoPay with the Korean Won (KRW).

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