ChainThink news, November 26, Kakao, a major South Korean IT company, has advanced its Korean won stablecoin plan to the development stage. KakaoBank is currently recruiting backend developers for blockchain services. The main requirements include expertise in smart contracts, understanding of token standards, and experience in transaction management and full node operations.

Previously, the group's payment subsidiary KakaoPay filed copyright applications for six stablecoin ticker symbols: PKRW, KKRW, KRWP, KPKRW, KRWKP, KRWK, which seem to combine Kakao or KakaoPay with the Korean won (KRW).