Kaia, a Kakao subsidiary, plans to launch a Korean won stablecoin

According to Jinse Finance, Kaia, a subsidiary of Kakao, plans to launch a Korean won-pegged stablecoin, which will be integrated into payment systems such as KakaoPay. Earlier this month, Kaia registered four trademarks related to KRW; Kakao and Kakao Pay are members of its governance committee. The South Korean National Assembly is currently reviewing a new bill that will establish licensing and reserve requirements for stablecoin issuers, providing a path to regulatory compliance.