KOSCOM, a tech affiliate of the Korea Exchange, is gearing up to enter South Korea’s booming stablecoin market. The company has applied for five new trademarks tied to Korean won-backed stablecoins while also reorganizing its crypto divisions to focus on digital assets.
Five New Stablecoin Brands in the Works
According to Seoul Finance, KOSCOM recently filed applications for stablecoin-related trademarks including:
- KSDC
- KRW24
- KRW365
- KOSWON
- KORWON
The move signals that KOSCOM is preparing the groundwork for won-pegged tokens as part of a broader push to keep up with South Korea’s fast-developing stablecoin sector.
A Growing Stablecoin Market in South Korea
The timing is no accident. Local players like BDACS and fanC have already rolled out their own won-backed tokens, with BDACS’ KRW1 becoming the first of its kind on the Avalanche blockchain just this month.
KOSCOM is best known for building technology for the Korean stock exchange and providing trading infrastructure for securities and futures markets both in South Korea and in other Asian nations like Laos, Cambodia, and Malaysia. Its move into stablecoins highlights how traditional financial tech providers are now pivoting toward digital assets.
Internal Restructuring for the Stablecoin Era
To “proactively respond” to the stablecoin wave, KOSCOM has reorganized its structure. Its Future Business Division has now been rebranded as the Digital Asset Business Promotion TF Division, reporting directly to the chairman.
This division is tasked with developing proof-of-concept models for stablecoins, exploring how they could be used in capital market settlement, as well as creating tokens for subscription payments and distribution processes. The idea is to gradually test, develop, and roll out stablecoins that improve payment convenience and stability.
A Global Trend
KOSCOM’s leadership views stablecoins as more than just a local experiment. Kim Wan-seong, head of the Digital Asset Business Promotion TF, said stablecoins are already emerging as new payment systems worldwide, with regulatory frameworks like the STABLE Act in the U.S. and the Stablecoin Ordinance in Hong Kong paving the way.
“As a leading capital market IT company, KOSCOM will actively engage in various technological developments and research to advance the digital asset market in line with the market trend of stablecoins spreading,” Kim said.
Why It Matters
By entering the stablecoin race, KOSCOM joins a growing list of South Korean firms including BDACS, Toss, and fanC vying to establish dominance in a market that regulators are still working to formalize. For now, South Korea has yet to release a solid framework for stablecoins, but the momentum is undeniable.
With KOSCOM’s entry, the country’s stablecoin market is becoming more competitive, laying the foundation for what could be a major transformation in both domestic payments and capital market infrastructure.
Bottom line: KOSCOM isn’t just dipping its toes into crypto it’s making a serious bid to shape South Korea’s stablecoin future.
