Polaris Office Joins South Korea’s Expanding Stablecoin Market
South Korea’s software developer Polaris Office, widely recognized for its popular office software suite, is the latest prominent company to enter the country’s burgeoning stablecoin sector. This move underscores the growing momentum around Korean won (KRW)-pegged stablecoins amid regulatory preparations and increasing corporate interest within the region.
Polaris Office Files Trademark for POLAKRW Stablecoin
According to reports from MTN News, Polaris Office has filed trademarks for a stablecoin named POLAKRW at the Korean Intellectual Property Office, marking its formal entry into the stablecoin arena. The trademark application spans 102 cases covering three main product categories. These include computer software and crypto asset-related programs; electronic finance, payment agency, and crypto-asset brokerage services; as well as blockchain-based technological services and software development.
Polaris Office is not new to the crypto industry. The company already operates Polaris Share (POLA), a cryptocurrency managed through its subsidiary Polaris Share Tech. POLA is listed on major South Korean cryptocurrency exchanges such as Bithumb, and recently, Polaris Share facilitated a USD-based swap pool for PayPal’s PYUSD stablecoin.
A spokesperson for Polaris Office was quoted saying, “Stablecoins are the starting point of the web3 transition. They are part of a digital infrastructure that connects data, payments, and contracts. In the future, we will create a range of new markets, as well as a knowledge-sharing platform centered around POLAKRW.”
South Korea’s Stablecoin Landscape: Widespread Corporate Involvement
Polaris Office’s move follows a wave of trademark applications submitted this month by banks, fintech companies, and other IT firms for KRW-pegged stablecoins. This surge reflects anticipation of a regulatory framework soon to be implemented in Seoul.
In addition to Polaris Office, BNK Financial Group—a major banking entity operating Busan Bank and Gyeongnam Bank—has submitted over 20 stablecoin-related trademark applications. BNK Financial Group recently joined the Stablecoin Division of the Open Blockchain/DID Association (OBDIA), an organization discussing plans to develop a platform for stablecoin issuance.
President Lee Jae-myung, who assumed office in early June 2025, is reportedly focused on passing a series of stablecoin-centric laws through the National Assembly to foster innovation while ensuring regulatory oversight.
Context and Market Outlook
The trend to issue KRW-pegged stablecoins is accelerating rapidly in South Korea, driven by both technological advancements and supportive policy signals. Stablecoins offer a seamless way to integrate digital payments, data, and smart contracts—key components expected to facilitate the country’s Web3 ambitions.
With companies like Polaris Office and BNK Financial Group actively pursuing stablecoin projects, the South Korean market appears poised for significant developments in digital finance infrastructure. These efforts complement growing consumer and corporate adoption of blockchain technologies within the country’s dynamic fintech ecosystem.
Cryptocurrency Market Snapshot
As of the latest data, the broader cryptocurrency market remains vibrant with notable price movements: Bitcoin (BTC) trading near $111,215 (up 2.06%), Ethereum (ETH) around $2,767 (up 5.91%), and other altcoins like Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB) also showing gains. This bullish momentum in crypto markets aligns with expanding interest in innovative digital asset projects such as stablecoins.
About the Author
Tim Alper is a British journalist and features writer specializing in cryptocurrency and blockchain technology. Since joining Cryptonews.com in 2018, he has contributed extensively to news outlets including the BBC, The Guardian, and Chosun Ilbo. His work focuses on in-depth reporting of regulatory developments, technology trends, and market analyses within the crypto space.