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Korean Woori Bank Applies for Stablecoin Trademark, Enters Stablecoin Competition

Summary: According to reports, on July 9th, the Korean Intellectual Property Office announced that Woori Bank, one of South Korea's five major commercial banks, applied for 12 stablecoin trademarks including 'WKRW,' 'KRWOORI,' 'WONKR,' 'CKRW,' etc., involving cryptocurrency financial trading and cryptocurrency electronic transfer services. With this move, all five major financial holding companies in South Korea ...

According to reports, on July 9th, the Korean Intellectual Property Office announced that Woori Bank, one of South Korea's five major commercial banks, applied for 12 stablecoin trademarks including 'WKRW,' 'KRWOORI,' 'WONKR,' 'CKRW,' etc., involving cryptocurrency financial trading and cryptocurrency electronic transfer services. With this move, all five major financial holding companies in South Korea now hold stablecoin trademarks at the affiliate or holding company level.

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Link: Korean Woori Bank Applies for Stablecoin Trademark, Enters Stablecoin Competition   [Copy]
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