Internet banks lack foreign exchange settlement and corporate client resources; this shortcoming was addressed a bit late, but it's better to fix it late than never.

According to Seoul Economic Daily, Kakao is forming an alliance with the banking industry for its Korean won stablecoin business.
Kakao Pay has recently submitted related discussion requests to the banking circle, including major commercial banks, and has been advancing cooperation negotiations with regional financial groups such as BNK Financial and JB Financial.
The report states that Kakao previously mainly relied on internal preparations within the Kakao, KakaoBank, Kakao Pay, and other systems, but due to shortcomings in internet banks regarding corporate clients, foreign exchange settlement, and reserve asset management, it is shifting towards external bank collaborations.