PANews reported that according to Korean media Newsis, KB Kookmin Bank, a major commercial bank in South Korea, has initiated the process of acquiring trademark rights related to Stable Coin. This is the first time that a traditional bank in South Korea has taken such action. Previously, KakaoBank, a Digital Bank under the communication giant Kakao, took similar actions. KakaoBank had previously applied for trademarks such as BKRW, KRWB, KKBKRW, and KRWKKB. The trademarks that KB Kookmin Bank plans to apply for include combinations of "KB" and the Korean won symbol "KRW", such as KBKRW, KRWKB, KBST, and KRWST.
Earlier today, it was reported that eight major banks in South Korea are preparing to establish a joint venture to issue KRW Stable Coin.