On June 23rd, according to the Seoul Economic Daily, South Korean payment giant Kakao Pay has officially launched the Korean won stablecoin business. The company applied to the Korean Patent Office for 18 trademark rights on June 17th. These trademarks combine "KRW" (Korean won symbol) with "K" and "P" representing Kakao Pay, such as "KRWKP", "KWRP" and "KPKRW". These trademarks are classified as virtual asset financial transactions, electronic transfer and intermediary business.
Kakao Pay said that while "no specific plan has been determined", this is "pre-registration of trademark rights for stablecoin businesses". Industry insiders believe that Kakao Pay's move is to seize the market, especially in the context of the Korean political community's proposal of the Basic Law on Digital Assets, which would allow private companies to issue Korean won stablecoins.
South Korean payment service provider Kakao announced the launch of "Korean won stablecoin" business
2025-06-23 00:48:47
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