South Korean internet giant <strong>Kakao</strong> has established a Stablecoin Special Working Group

BlockBeats News, August 5th, according to Daily Economic News, South Korean internet giant Kakao has established a stablecoin special task force. Kakao CEO Shina Chung, Kakao Pay CEO Shin Won-keun, and Kakao Bank CEO Yoon Ho-young will participate in weekly meetings to discuss various situations and tasks related to the project.

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