South Korea is poised to enact a regulatory framework for stablecoins this coming October, according to Foresight News. Stablecoin issuers Circle and Tether are meeting with key figures from major South Korean financial institutions this week. The discussions will include meetings with Jin Ok-dong, CEO of Shinhan Financial Group, and Ham Young-joo, CEO of Hana Financial Group. Executives are expected to explore the potential issuance and use of US dollar-pegged stablecoins within South Korea’s financial system. Additionally, the possibility of issuing stablecoins backed by the South Korean Won will also be explored. This move demonstrates South Korea’s intent to integrate stablecoins into its financial infrastructure while ensuring compliance with regulations.