KakaoBank Advances Korean Won Stablecoin Plan to Development Stage

BlockBeats News, November 26, KakaoBank, the digital banking division of South Korean IT giant Kakao, has moved forward with its Korean won stablecoin project. KakaoBank is hiring a blockchain service backend developer. Key requirements include proficiency in smart contracts, understanding of token standards, and experience in transaction management and full node operation.

Previously, the group's payment subsidiary KakaoPay submitted copyright applications for six stablecoin ticker symbols: PKRW, KRWK, KRWP, KPKRW, KRWKP, KRWK. These tickers codes seem to combine Kakao or KakaoPay with the Korean won (KRW).