According to the Seoul Economic Daily, the Korean payment service provider Kakao Pay has officially launched a Korean won stablecoin project. On June 17, Kakao Pay applied to the Korean Patent Office for 18 trademarks related to the Korean won stablecoin, including "KRWKP", "KWRP", and "KPKRW", covering areas such as virtual asset financial transactions and electronic transfers. Currently, South Korea is promoting the "Digital Asset Basic Law", which allows private issuance of Korean won stablecoins. On the same day, the game company Nexusth also stated that it will strive to become the first Korean won stablecoin issuer.
South Korean payment service provider Kakao Pay officially launches Korean won stablecoin project
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