Korea's largest bank, KB Kookmin, has filed 17 different Stablecoin-centric trademark applications in parallel with its efforts to create legal basis for Stablecoins indexed in the domestic local currency.
Trademark application of the largest bank in Korea, KB Kookmin Files Stablecoin Consortium
The application covers possible Stablecoin symbols such as KBKRW, KRWKB, KBST, KRWST, etc.
According to data from the Korean Intellectual Property Information Services (KIPRIS), these applications were submitted between Monday and Tuesday.
Product classifications include software for virtual/digital currencies and software that manages cryptocurrency transactions using blockchain technology.
Talking to local media outlet Aju Economic News, officials from KB Kookmin said these trademark applications are part of the bank's efforts to establish a consortium of Stablecoin space.
Other major financial technology companies such as Kakaopay submitted trademark applications for the Stablecoin symbol in a similar way last week.
Eight of the nation's leading banks, including KB Cookmin, Shinhan, Wooli, Non-Hip, IBK, Ship, City Korea and standard chartered South Korea, are preparing to launch joint ventures to jointly issue Korean-infused stubrecoin, according to reports from the Economic Review. These banks include four of the five largest banks in Korea.
The new entities are expected to be established under the consortium structure in collaboration with organizations such as the Open Blockchain and Decentralized Identifier Association (OBDIA) and the Korea Financial Communications and Clearing Institute (KFTC). The initiative is expected to be published in late 2025 or early 2026.
South Korea is on track to become one of Asia's most innovative and fastest fast countries when it comes to stubcoin, and moves by KB Cookmin and other major banks suggest that the transformation of this space is currently moving to institutional levels.
*This is not investment advice.
