[Tether and Circle Expand Recruitment and Operations in South Korea] BlockBeats News, February 26, according to South Korean media outlet News1, industry insiders revealed that stablecoin issuer Tether recently posted job openings targeting South Korean employees, including positions such as Public Relations Manager, Blockchain Investigator, and Government Relations Specialist. Last year, Tether entered the South Korean market by hiring a local market representative, but after that representative left the company, Tether decided to expand its workforce on a larger scale. In addition, another insider from the virtual asset industry stated: 'Since Circle's CEO visited South Korea last August, Circle has been actively conducting lending business in South Korea.' This move appears to be in response to South Korea's regulatory requirements for overseas stablecoin issuers. The upcoming 'Basic Act on Digital Assets' (Phase 2 Virtual Asset Legislation) is expected to include provisions requiring overseas stablecoin issuers to establish branches in South Korea in order to distribute their tokens in the domestic market. This means that even stablecoin issuers like Tether and Circle will need to set up branches in South Korea.