According to the Seoul Economic Daily, Kakao is forming an alliance with the banking sector for its Korean won stablecoin business. Kakao Pay recently initiated discussions with banks, including major commercial banks, and has been negotiating partnerships with local financial groups such as BNK Financial and JB Financial. The report states that Kakao initially relied on its internal ecosystem, including Kakao, KakaoBank, and Kakao Pay, but is now turning to external bank collaborations due to limitations of internet banks in areas like corporate clients, foreign exchange settlements, and reserve asset management. https://(wublock123.com)/news/kakao-launches-krw-stablecoin-bank-consortium-62878