KakaoBank, South Korea’s top digital bank and a key player in the Kakao tech ecosystem, is aggressively developing its own Korean won-pegged stablecoin. This move marks an important shift as the bank aims to secure dominance in the country’s race for digital currency leadership. Evidence of this ambition comes from job openings on KakaoBank’s website, where roles focusing on blockchain expertise are being sought for development and deployment of the stablecoin project. The bank has been actively exploring opportunities in digital finance, including the possibility of issuing or managing digital assets, as CFO Kwon Tae-hoon previously indicated during the H1 2025 earnings call.