South Korean Internet Giant Kakao Establishes Special Task Force for Stablecoins
According to Jinse Finance, South Korean internet giant Kakao has established a special task force for stablecoins. Kakao CEO Shina Chung, Kakao Pay CEO Shin Won-keun, and Kakao Bank CEO Yoon Ho-young will attend weekly meetings to discuss various aspects and tasks related to the project. Other subsidiaries, including Kakao Games, are expected to join in the future. In addition, a working group composed of grassroots employees from its subsidiaries has also been formed to actively advance the proposed agenda.
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