{"id":40366,"date":"2025-08-04T16:01:47","date_gmt":"2025-08-04T16:01:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40366"},"modified":"2025-08-04T16:01:47","modified_gmt":"2025-08-04T16:01:47","slug":"south-koreas-banks-bet-big-on-crypto-as-legal-guardrails-take-shape","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40366","title":{"rendered":"South Korea\u2019s Banks Bet Big On Crypto As Legal Guardrails Take Shape"},"content":{"rendered":"
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South Korea\u2019s top banks are moving fast into crypto and stablecoins. They\u2019re not waiting around. Shinhan, Woori, KEB Hana and KB Kookmin have all set up in-house teams to build custody services, digital wallets and even their own coins.<\/p>\n

Banks Set Up Crypto Task Forces<\/h2>\n

According to reports<\/a>, Woori Bank created a Digital Asset Team under its New Business Alliance Platform Department. The group is researching crypto custody and planning stablecoin issuance.<\/p>\n

It even reactivated an older crypto project. By November last year, Woori had begun talks with a blockchain startup and other firms to form a consortium aimed at issuing won-backed<\/a> stablecoins.<\/p>\n

Market observers disclosed that KB Kookmin launched a Digital Asset Response Council in June. This council covers credit cards, insurance and securities affiliates across KB Financial Group. The goal is clear: set up rapid-response plans for any policy change and team up with outside partners.<\/p>\n

Shinhan\u2019s Push And Trademark Moves<\/h2>\n

Reports have it that Shinhan Bank has a 20-member crypto task force on the job. It\u2019s working on custody, wallets and token services. At the same time, KB Kookmin has applied for 32 trademarks for won-based stablecoins and 49 more for coins pegged to other currencies. They\u2019re staking their claim early.<\/p>\n

<\/p>\n

Under the Moon Jae-in government in 2018 and 2019, ICOs were banned and rules tightened. Now, US President Donald Trump\u2019s counterpart in Korea, President Lee Jae-myung, took office in summer 2025 and has backed regulated crypto innovation.<\/a><\/p>\n

Lawmakers are considering bills that would let banks issue stablecoins<\/a>, offer custody services and run digital exchanges. Those drafts are with national assembly committees and could pass in the coming months.<\/p>\n

\"\"<\/p>\n

Smaller Players Join In<\/p>\n

It\u2019s not just the big names. K Bank, a digital-only lender linked with Upbit exchange, set up its own digital asset task force. Busan Bank, a regional lender, now has a blockchain research team to look at ledger uses in finance. Even these smaller outfits want in on the action.<\/p>\n

Institutions see a clear path ahead once rules land. They know legacy systems will need upgrades for on-chain settlements. And they face stiff competition from crypto-native firms. But spin-up now, they figure, and they\u2019ll be ready to hit the ground running.<\/p>\n

South Korea\u2019s banks are taking no chances. They\u2019re building teams, filing trademarks and lining up partners today. That way, when the law changes, they won\u2019t be scrambling from behind. Instead, they\u2019ll be right there at the front of the pack.<\/p>\n

Featured image from 1 Life on Earth, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

South Korea\u2019s top banks are moving fast into crypto and stablecoins. They\u2019re not waiting around. Shinhan, Woori, KEB Hana and KB Kookmin have all set up in-house teams to build custody services, digital wallets and even their own coins. Banks Set Up Crypto Task Forces According to reports, Woori Bank created a Digital Asset Team […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40366","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40366"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40366\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}