Circle has no plans to issue a Korean won stablecoin.

According to Jinse Finance, over the past week, Circle President Heath Tarbert visited South Korea and held meetings with the Bank of Korea as well as the country's four major commercial banks (KB Kookmin Bank, Shinhan Bank, Hana Bank, and Woori Bank). Multiple media outlets reported that Circle has no intention of participating in the issuance of a Korean won stablecoin. Mr. Tarbert's goal was to explore how banks can utilize their USDC token.