Shinhan's Jin Ok-dong and Woori's Jeong Jin-wan Meet with Circle President, Signaling Intent to Lead Stablecoin Market

Scheduled Meeting with Circle President Tarbert on August 22
Woori Bank President Jeong Jinwan Also Set for Talks

As Circle President Heath Tarbert is set to meet with the heads of the four major financial groups' banks, Jin Ok-dong, Chairman of Shinhan Financial Group, will be the first to hold a meeting. This move is interpreted as Shinhan Financial's intention to take the lead in digital assets such as stablecoins.

According to the financial sector on August 21, Chairman Jin Ok-dong of Shinhan Financial Group is scheduled to meet with President Tarbert on the afternoon of August 22.

It is reported that Chairman Jin and President Tarbert will discuss cooperation in areas such as the domestic distribution and international remittance of dollar-based stablecoins, as well as the issuance of won-based stablecoins.

Meanwhile, in the case of KB Financial Group, Lee Chang-kwon, head of the digital division (vice chairman level), and at Woori Financial Group, Jeong Jin-wan, president of Woori Bank, are each preparing for meetings.

President Jeong is also scheduled to meet with a compliance officer from Tether, the issuer of another dollar-based stablecoin, USDT, earlier on the same day. Hana Financial Group is also planning meetings with representatives from both Circle and Tether.

This content was produced with the assistance of AI translation services.