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Wire · regulatory

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

31 July 2026 · By · Wire by Fusion42

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.

◆ ◆ 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.

◆ Coverage

1 source · 31 Jul 2026

◆ Related on Wire

◆ Topics

Fintechstablecoindigital-financepayments-infrastructurecross-borderfintech