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South Korean Banks Race To Launch Crypto Services Before Regulatory Changes

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The encryption season in South Korea is officially implemented! Some of the largest lenders in South Korea are scheduled to launch their encryption services and two -date codes as a history of organizational changes.

According to a local media article published on August 3, 2025, many banks in South Korea are in the process of establishing dedicated organizations in preparation for the upcoming legislation that will enable them to issue and operate Stablecoins.

Moreover, the post states that banks are looking to form a consortium to enter the encryption space in South Korea quickly.

The main South Korean banks such as Woori and Shinhan have initially drafted their plans to enter the encryption space early 2018-2019. However, former President Moon Jay decided to manage the initial currency shows at the end, forcing Woouri and Shinhan to attach their plans.

However, the current administration during the era of President Lee Jay Meong, is Pro Chipir, and in this way, multiple committees within the National Assembly review a comprehensive set of reforms that support weight designed to stimulate growth and sort organizational ambiguity.

Banks that taste blood in water are closed quickly to take advantage of the situation. For example, Woori launched a team specialized in digital assets that oversees the initiatives ranging from the development of Stablecoin to the launch of digital wallet services.

This newly formed team of nine members is part of the WooRi New Business Alliance Platform.

In addition, the bank also signed a partnership agreement with the start of Blockchain to revive their ambitions in the encryption nursery. The post states that Woouri has partnered with many unveiled entities to build a stablecoin.

Explore: 10+ encryption codes that can reach 1000x in 2025

KB Kookmin joins

While Woori Bank has somewhat early progress, KB Kokmin does not rest on its glories. The bank formed a digital asset response council in June this year as an initiative to lead a coherent strategic group through its subsidiaries in the KB group.

Since then, the Council has prepared for potential policy transformations by drafting a series of quick response scenarios and currently exploring partnerships with external players such as insurance companies, credit card exporters, securities and asset managers.

The Council aims to enhance strategic alignment in the coding area through the KB ecosystem.

Explore: The best new encryption currencies for investment in 2025

KEB Hana Working Group to address issues about Stablecoins Won-PEGGED

Another South Korean bank, KEB Hana, has formed a working group, as it talent from the main departments to address issues on Stablecoins Won-PEGGED. This working group is the basis for future digital infrastructure projects.

KEB Hana copied a little homework for Woori in developing the joint encrypted nursery initiative, with international expansion.

Meanwhile, the Cinhan Bank collected an encryption workplace consisting of 20 employees.

Other banks in the country, including APBIT KNK and Busan Bank, are also equal to preparing for repairs.

At the background of all this, the brands in full swing with KB applies to 32 marks linked to the 49 and 49 stablecoins of Stablecoins.

“If Stablecoins are legalized, financial companies need to launch related services quickly to secure the initiative in the market,” the post added.

Explore: 9+ best highly dangerous, highly rewarding encoders for purchase in August 2025

Main meals

  • South Korean banks accelerate encryption initiatives amid the momentum of organizational reform in the region

  • Woouri, KB Kokmin Bank and Keb Hana are currently leading these drawings

  • KB Kokmin 32 has provided brands on Stablecoins supported by its victory and 49 of the symbols linked to foreign currency

South Korean bank race later launch encryption services before organizational changes first appear on 99bitcoins.

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