South Korean internet giant Kakao establishes stablecoin task force

 the South Korean Internet giant Kakao has established a stablecoin special working group. Kakao CEO Shina Chung, Kakao Pay CEO Shin Won-keun, and Kakao Bank CEO YoonHo-young will attend 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 established a working group involving grassroots employees from subsidiaries to actively promote the proposed agenda.