Deep Tide TechFlow News: On June 03, according to Yonhap News Agency, although legislation related to Korean won stablecoins has not yet been implemented, major Korean banks and fintech companies have accelerated efforts to form alliances. KB Kookmin Bank plans to cooperate with Toss, with each party taking the lead in issuance and circulation; Shinhan Financial continues to advance its collaboration with Samsung Financial; Woori Bank and NH NongHyup Financial are accepting Kakao’s partnership invitation; Hana Bank has already invested 1 trillion Korean won into Dunamu and, together with Naver, is laying out what will become the largest domestic stablecoin ecosystem. Meanwhile, Korean banks are advancing a real trading project for deposit tokens called the “Han River Project.” If this project is rolled out quickly, it may trigger the “theory that Korean won stablecoins are useless,” further delaying the progress of related legislation.