TLDR
- Kakao Bank filed 12 stablecoin-related trademarks and its stock rose by 19.3 percent.
- Kookmin Bank’s stock increased by 13.38 percent after it filed for stablecoin trademarks.
- The Industrial Bank of Korea also filed stablecoin trademarks and saw a 10.1 percent rise in its stock price.
- The filings followed the inauguration of South Korea’s new president who supports crypto initiatives.
- South Korean banks are showing strong interest in launching Korean won-pegged stablecoins.
Shares of major banks in South Korea rose sharply following their stablecoin trademark filings, triggering widespread market activity. Investors responded quickly after key financial institutions began signaling intent to explore Korean won-pegged digital assets. This movement followed the June 4 inauguration of South Korea’s new president, who supported crypto initiatives during his campaign.
The stock surge came amid growing speculation about institutional moves into blockchain and stablecoin innovation. Banks involved in the filings posted immediate price gains, reinforcing confidence in South Korea’s financial technology sector. Market momentum continued throughout late June, driven by announcements tied directly to crypto trademark applications.
The filings also attracted attention from domestic media and global analysts, increasing focus on South Korea’s digital currency future. Banks that acted early experienced substantial valuation growth. Financial analysts are monitoring developments as South Korea positions itself in Asia’s evolving crypto market.
Kakao Bank Leads South Korea Crypto Push
Kakao Bank filed 12 crypto-related trademarks with the World Intellectual Property Organization on June 23. The filings focused on stablecoin infrastructure tied to the Korean won. This marked one of the most comprehensive digital finance steps by a South Korean bank.
Following the announcement, Kakao Bank’s shares rose significantly, climbing from $22.60 to $27 within 24 hours. The increase represented a 19.3% gain, highlighting strong investor confidence. South Korea’s banking sector responded swiftly to the move, adding pressure on peers to act.
Kakao Bank’s filings coincided with the broader market optimism linked to regulatory changes under South Korea’s new leadership. Although details remain limited, the bank’s legal actions suggest a long-term strategy. South Korea remains a focal point for digital currency development in the region.
Kookmin Bank’s Stock Rises Steadily on Filing News
Kookmin Bank, owned by KB Financial Group, also submitted stablecoin-related trademark filings on June 23. The bank’s stock rose modestly the next day, increasing from $78 to $82. The initial 4.3% rise reflected cautious optimism across South Korea’s investment community.
The upward trend continued as shares reached $89 at press time, representing a 13.38% rise since the filing. This steady increase underlines market belief in the bank’s crypto ambitions. South Korea’s financial firms are expected to intensify efforts amid growing competition.
Kookmin’s filings supported speculation about consortium-based stablecoin launches. Collaboration among South Korean banks appears likely as regulatory clarity remains pending. Despite regulatory gaps, financial institutions maintain momentum in blockchain trademark activity.
Industrial Bank of Korea Joins Stablecoin Push
On June 27, the Industrial Bank of Korea filed stablecoin trademarks, marking another major entry in South Korea’s digital finance scene. After the filing, its stock rose from $13.30 to $14.70. This 10.1% gain followed a familiar pattern of post-filing market reactions.
Unlike its peers, the bank filed slightly later but still benefited from the strong crypto sentiment in South Korea. Its movement signals a coordinated shift across institutions. South Korea continues positioning itself as a regional leader in financial innovation.
