Quick Breakdown:
- KOSCOM filed trademarks for multiple Korean won-denominated stablecoins, signalling plans to lead in South Korea’s digital asset market.
- The firm created a Digital Asset Business Promotion Task Force to pursue PoCs on settlement efficiency and tokenized securities integration.
- New FSC rules on crypto lending set a 20% interest rate cap, ban leveraged lending, and restrict services to top-market-cap tokens
KOSCOM has filed trademark applications for a range of Korean won-denominated stablecoins, signalling an early move toward capturing market share in a sector expected to expand under new regulatory frameworks. The filings cover names such as KSDC, KRW24, KRW365, KOSWON, and KORWON, underscoring the company’s ambition to anchor stablecoin development in South Korea’s capital markets.
Stablecoins, digital assets pegged to fiat currencies or real-world assets like gold, are designed to reduce volatility and facilitate payments, remittances, and settlements. While widely used in global crypto markets, they remain underdeveloped in Korea, largely due to regulatory uncertainty. Industry observers expect the rollout of the Framework Act on Digital Assets to create a legal foundation for issuing won-backed stablecoins.
Strengthening position in capital markets
To accelerate its entry, KOSCOM has restructured its Future Business Division into the newly formed Digital Asset Business Promotion Task Force (TF). The unit, directly under the president, is pursuing proof-of-concept (PoC) projects for stablecoin technology, particularly around settlement processes in capital markets. The task force is also examining integration with tokenized securities, exploring how stablecoins could be used in subscription and distribution phases to increase efficiency and reliability.
Regulatory push and market readiness
Analysts argue that real-time automated settlement pairing security tokens with stablecoins could significantly reduce transaction costs and risks. According to the Capital Market Research Institute, advanced economies such as the U.S. are already testing such frameworks, while Korea must intensify its efforts to avoid falling behind.
If backed by regulation and adoption in capital market infrastructure, KOSCOM’s trademark filings could position the firm at the forefront of South Korea’s entry into the global stablecoin economy.
Separately, the Financial Services Commission (FSC) on Friday introduced new rules governing cryptocurrency lending services. The regulations set a 20% interest rate ceiling, ban leveraged lending, and restrict services to the top 20 digital assets by market capitalization or tokens listed on at least three won-based exchanges.
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