Korean internet giant Kakao establishes a special working group for stablecoins

ChainCatcher news, South Korean internet giant Kakao has established a stablecoin task force. Kakao CEO Shina Chung, Kakao Pay CEO Shin Won-keun, and Kakao Bank CEO YoonHo-young will meet weekly to discuss various situations and tasks related to the project.

Other subsidiaries, including Kakao Games, are expected to join in the future. Additionally, it has formed a task force involving grassroots employees from its subsidiaries to actively advance the proposed agenda.