Korea's Woori Bank applies for stablecoin trademark, joining the stablecoin competition

ChainCatcher news, according to the Korea Intellectual Property Office on July 9, one of South Korea's five major commercial banks, Woori Bank, applied for 12 stablecoin trademarks on July 7, including "WKRW", "KRWOORI", "WONKR", and "CKRW", related to cryptocurrency financial trading services and cryptocurrency electronic transfer services.

As of now, all five major financial holding companies in South Korea have held stablecoin trademarks at the level of affiliated companies or holding companies.