Chairman of Hana Financial Group: Stablecoins are seen as a new growth engine

Foresight News reported, according to The Korea Herald, that Ham Young-joo, Chairman and CEO of Hana Financial Group, stated in his New Year’s address that the group must proactively design and build a comprehensive ecosystem covering the issuance, distribution, usage, and circulation of crypto assets, rather than merely participating within the existing framework of industry players.

Ham Young-joo emphasized that the group needs fundamental innovation to cope with the upcoming challenges, no matter how significant they may be. He also called for the establishment of cross-sector partnerships both domestically and internationally to ensure that, as stablecoins see broader adoption, a wide distribution network can be established. In addition, Ham Young-joo stated that the group needs to reduce its heavy reliance on the banking industry and further expand into non-banking businesses.