South Korean internet giant Kakao has established a stablecoin task force, according to a report from Bijie.com. Kakao CEO Shina Chung, Kakao Pay CEO Shin Won-keun, and Kakao Bank CEO Yoon Ho-young will attend weekly meetings to discuss various aspects of the project and its tasks. Other subsidiaries, including Kakao Games, are expected to join in the future. Furthermore, a working group has been established, comprised of grassroots employees from each subsidiary, to advance the proposed agenda.