KakaoBank Advances Kakao Coin Stablecoin Development Amid Korea’s Digital Finance Push
KakaoBank has transitioned into full-scale development of its Korean won-pegged stablecoin, Kakao Coin, positioning itself as a leader in South Korea's digital currency race. The project now moves beyond conceptualization with active blockchain infrastructure construction and specialized hiring.
The bank is recruiting blockchain backend developers to design service architectures and manage full-node operations. These technical roles will focus on smart contract systems for secure transactions and asset tokenization under the New Business Service Division's oversight.
This acceleration follows recent regulatory clarity in South Korea's digital asset space, giving KakaoBank confidence to expand its blockchain initiatives. The development aligns with national efforts to cultivate domestic digital finance solutions rather than rely on external platforms.
