[South Korea Kakao Bank Advances Development Plan for KRW-Pegged Stablecoin] South Korean IT giant Kakao's digital banking division, Kakao Bank, has advanced its KRW-pegged stablecoin plan to the development stage. According to its official website, the bank is recruiting backend developers for blockchain services, with requirements including in-depth knowledge of smart contracts, familiarity with token standards, and experience in transaction management and full node operations.