South Korean Bank Stocks Soar After Stablecoin Trademark Frenzy – Is This The Next Crypto Goldmine?

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Hold onto your wallets, folks! South Korean banks just turned into crypto believers, and their stock prices are soaring faster than a TikTok trend. It all started when these financial institutions filed trademarks for stablecoins—yeah, stablecoins. Because who doesn’t want a piece of that crypto pie, right? 🤑

According to Google Finance (which sounds like the name of your very cool uncle’s startup), at least three major South Korean banks—who recently applied for Korean won-backed stablecoin trademarks—saw their stock prices jump 10% to nearly 20%. Investors? Oh, they’re eating it up like it’s the last slice of pizza at a party. 🍕

But wait, it gets better! These filings happened just after Lee Jae‑myung was inaugurated as the country’s 21st president on June 4. His campaign? Oh, it was packed with crypto-friendly promises, including the creation of a Korean won-pegged stablecoin. So basically, it’s like he handed out free crypto to everyone, except with paperwork. 📝💰

Bank Stocks Skyrocket in a Stablecoin Hype Fiesta 🚀

According to the World Intellectual Property Organization (WIPO)—aka the place where all your grand ideas are going to be stolen—Kakao Bank filed for stablecoin-related trademarks on June 23. Fast forward a day, and its stock price surged by 19.3%, jumping from 31,000 won ($22.6) to 37,000 won ($27). Not bad for a day’s work, huh?

Kakao Bank Stock Surge

Kookmin Bank, part of the KB Financial Group, joined the stablecoin trademark fun on June 23 too. Their stock? It didn’t get the “rocket to the moon” treatment like Kakao Bank, but it did increase by a modest 4.3%. Still, considering how much everyone’s talking about it, Kookmin’s stock price just couldn’t stop climbing! 🚀

Fast forward to the present, and Kookmin’s stock is up a solid 13.38%, now trading at 122,000 won ($89). If this was a movie, we’d call it “The Revenge of the Stablecoin.” 🎬💸

Kookmin Bank Stock Surge

The Industrial Bank of Korea jumped on the stablecoin bandwagon a bit later, on June 27. Surprise, surprise: their stock went up by 10.1%. But don’t get too comfy—they’re just getting started. Who knows what’s next? A stablecoin-powered jetpack? 🛸

CryptoMoon reached out to Kakao Bank, Kookmin Bank, and the Industrial Bank of Korea for more details, but no one’s picking up the phone. Are they too busy counting their profits or just avoiding all our questions? You be the judge. 🕵️‍♀️

Other major banks in South Korea are also getting in on the action, hoping to launch their own stablecoins pegged to the Korean won. Because who doesn’t love the idea of a digital coin that’s backed by a country’s currency? Well, except for those who know nothing about crypto. 😅

Researcher Calls It: South Korea’s Got a “Stablecoin Bubble” 💥

According to 100y, a lead researcher from Four Pillars (no, not the Kardashians’ cousins), South Korea might be entering a “stablecoin bubble.” Sounds dramatic, but hey, it’s 2025—anything can happen! 😜

Despite the rush, no one seems to know exactly what the rules are for stablecoins in South Korea. It’s like the Wild West out there, but with less tumbleweeds and more digital wallets. ⏳📱

Stablecoin Bubble Warning

The researcher added that while banks are jumping in with both feet (and maybe their crypto-loving grandmas too), there’s a serious lack of regulatory guidance on stablecoins. Translation: It’s all fun and games until the bubble bursts. ⏳💥

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2025-07-08 14:31