[MoonPay Establishes South Korean Subsidiary to Expand in Asia-Pacific, Accelerates KRW Stablecoin and Regulatory Fiat On/Off-Ramps] According to The Block, MoonPay has established a subsidiary in South Korea and plans to develop it into a hub for Asia-Pacific operations. MoonPay simultaneously announced partnerships with local major financial institutions such as KakaoBank, Woori Bank, and KB Financial Group. The collaboration covers areas including cross-border payments, issuance and distribution of Korean won (KRW) stablecoins, wallet services, and the construction of fiat on/off-ramps for crypto assets.