Chairman of Hanwha Financial Group: Viewing stablecoins as a new growth engine

According to the Korea Herald, Han Yong-joo, Chairman and CEO of Hana Financial Group, stated in his New Year’s address that the group must proactively design and build a complete ecosystem covering the issuance, distribution, use, and circulation of crypto assets, rather than merely participating at the level of established framework participants.

Han Yong-joo emphasized that the group needs fundamental innovation to tackle the upcoming challenges, no matter how great they may be. He also called for the establishment of cross-sector partnerships both domestically and internationally to ensure that stablecoins can build a broad distribution network after gaining wider adoption. In addition, Han Yong-joo stated that the group needs to reduce its heavy reliance on the banking industry and further venture into non-banking businesses.