Two South Korean institutions have applied for trademarks for the Korean won stablecoin

Odaily News South Korea's IBK Corporate Bank and Shinhan Financial Holdings have applied for Korean won stablecoin trademarks. It is reported that IBK Corporate Bank applied for 10 trademark rights including "IBKKRW", "IBKRW" and "ONEIBK" on the 27th. These trademarks are intended to be used in the fields of "stablecoin electronic transfer business" and "blockchain-based digital financial asset management business"; Shinhan Financial Holdings applied for 21 stablecoin-related trademarks including "KRWSHB", "SFGKRW" and "SHKRW" on the 26th. The application projects include "cryptocurrency financial transaction business" and "cryptocurrency intermediary business". (Sedaily)