Leading South Korean financial institutions are forging alliances with tech companies to leverage stablecoins for competitive advantage in the rapidly evolving digital finance landscape. Companies such as KB, Shinhan, Hana, and Woori are collaborating with giants like Naver, Kakao, and Samsung Electronics to build the infrastructure required for issuing and managing their own won-pegged stablecoins. 60 trillion won worth of transactions have already taken place in this unregulated space. Authorities are working on a comprehensive stablecoin regulation bill, expected to be introduced to the National Assembly by the end of 2025. These banks are leveraging the tech companies’ established user bases and robust platforms for increased real-world adoption.