Jun 1, 2026
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Crypto

Launch of 'Anti-Hana' Coalition... Shinhan, KB, Toss, and 6 Others Begin Discussions on 'Won-Pegged Stablecoin'

According to the financial sector on the 1st, Shinhan Financial Group, KB, Toss, IBK Industrial Bank of Korea, BNK Financial Group, and iM Bank held a closed-do

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  • According to the financial sector on the 1st, Shinhan Financial Group, KB, Toss, IBK Industrial Bank of Korea, BNK Financial Group, and iM Bank held a closed-do

According to the financial sector on the 1st, Shinhan Financial Group, KB, Toss, IBK Industrial Bank of Korea, BNK Financial Group, and iM Bank held a closed-door digital asset meeting at a location in Yeouido, Seoul, on the same day and commenced discussions on a won-pegged stablecoin project.

This essentially signifies the formation of an 'anti-Hana Financial Group' coalition. According to the Seoul Economic Daily, a high-ranking financial sector official predicted, "Hana Financial Group is playing a leading role in the Dunamu and Naver consortium, making it difficult for other large financial groups in the banking sector to enter this sphere," adding, "There is a possibility that the banking sector will be divided into a structure of Hana Financial Group versus the rest."