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Wire · regulatory

Kim Jong-hyun positions COOCON to launch Korea won stablecoin on legalization

Published

31 July 2026

Topic

regulatory

Sectors

Fintech

Geography

South Korea

Source

Read at biz.chosun.com

Verified

Fusion42 · 1 August 2026 · Fusion42 review

COOCON, led by CEO Kim Jong-hyun, is preparing to launch a Korean won-backed stablecoin aligned with new digital finance regulations, leveraging its comprehensive API and payment network infrastructure to serve banks, payment firms, and inbound foreign tourists for seamless cross-border payments and withdrawals.

This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.

◆ The Wire takeaway

You face new market access as Korean stablecoin infrastructure opens for banks and payment firms, removing friction for foreign users and businesses. Move fast to integrate with COOCON’s ready-built network ahead of competitors targeting inbound payments.

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Topics

Fintechstablecoindigital-financepayments-infrastructurecross-borderfintech