Korean tech giants to clash over stablecoins as competition heats up

South Korea’s tech titans Naver and Kakao will “go to war” over stablecoins, with K-pop, e-commerce, and webtoons, or web-based cartoons, set to drive adoption. That’s according to South Korean tech industry experts, who say that the two firms will leverage their crypto connections to their own advantage and issue their own KRW-pegged coins. “The competition for won-denominated stablecoin supremacy between South Korea’s two biggest tech giants has officially begun,” the South Korean newspaper Seoul Kyung ...