TechFlow news, November 26 — According to Theblock, KakaoBank, the digital banking arm of South Korean IT company Kakao, has advanced its Korean won-pegged stablecoin project into the actual development phase.
The bank's official website is currently advertising for blockchain service backend developers, requiring in-depth knowledge of smart contracts, understanding of token standards, and experience in transaction management and full-node operations. Earlier in August, during the 2025 H1 financial results briefing, KakaoBank CFO Kwon Tae-hoon stated that the bank is reviewing various options for participating in digital finance, including the issuance or custody of digital assets.
In June this year, Kakao Group’s payment subsidiary KakaoPay filed copyright applications for six stablecoin ticker symbols, including PKRW, KKRW, KRWP, all combining either Kakao or KakaoPay with the Korean won (KRW).
