KOSCOM files stablecoin trademarks as South Korea’s digital currency race heats up

KOSCOM has officially filed for five KOSCOM Stablecoin trademarks signaling its strategic entry into the rapidly growing market of Korean won backed digital assets. The Korea Exchange affiliate is aligning itself with South Korea’s surging demand for stablecoins while restructuring its digital asset departments to lead future developments.

According to Seoul Finance, the Korea Securities Computing Corporation (KOSCOM) submitted applications for five KOSCOM Stablecoin trademarks including KSDC, KRW24, KRW365, KOSWON and KORWON. These filings highlight the firm’s ambition to carve out space in a sector where multiple Korean won backed stablecoins are competing for adoption.

KOSCOM has long been recognized for delivering technology solutions to the Korean stock exchange and trading platforms for securities and futures markets. Beyond Korea, it has also expanded services to exchanges in Southeast Asia, including Laos, Cambodia and Malaysia. Now, with its new KOSCOM Stablecoin trademarks, the firm is positioning itself at the center of South Korea’s evolving digital finance landscape.

As part of this transition, KOSCOM has reorganized its crypto and digital asset units. Its Future Business Division has been transformed into the “Digital Asset Business Promotion TF Division,” reporting directly to the chairman.

This unit is tasked with proof of concept research for stablecoin technologies, focusing on capital market settlement and payments. The introduction of KOSCOM Stablecoin trademarks reflects a proactive move to create digital assets aimed at subscription payments and distribution processes, improving both stability and convenience.

KOSCOM Rides the Stablecoin Wave in Korea

Kim Wan seong, head of the Digital Asset Business Promotion TF noted that stablecoins are emerging globally as a new method of payment, bolstered by regulatory frameworks like the U.S. STABLE Act and Hong Kong’s Stablecoin Ordinance.

Although South Korea has yet to publish clear government guidelines Kim emphasized that KOSCOM will continue exploring opportunities linked to its KOSCOM Stablecoin trademarks to strengthen the digital asset ecosystem.

KOSCOM joins other domestic firms such as BDACS, Toss and fanC in launching won backed stablecoins. Notably, BDACS’ KRW1 became the first to go live on Avalanche on Sept. 18. With its five newly filed KOSCOM Stablecoin trademarks, the firm is entering a competitive but promising market expected to shape the next phase of South Korea’s financial innovation.

In total, the five KOSCOM Stablecoin trademarks KSDC,KRW24, KRW365, KOSWON and KORWON underscore the company’s determination to lead South Korea’s stablecoin adoption wave while setting the stage for future capital market applications.