Korean companies test stablecoins abroad | Exploring Gyeonggi's Ansan

The Daily Debrief | Oct. 6, 2026

Published
A farmer harvests rice in a field in Gwangju on Oct. 6.

It's Tuesday, and I'm back in the pilot's seat for this short week here in Korea. Yesterday was a public holiday, and so is Friday — which is just as well because this week so far has had some great weather! 

Without further ado, here are the stories you need to know in Korea!

In today's news, Korean companies are trying out their digital currencies through overseas affiliates as the country's regulatory framework for stablecoins remains unfinished. In other stories, we explore the city of Ansan in Gyeonggi, which is home to around 100,000 foreigners from around the world. Meanwhile, Koreans are urged to prepare for cold mornings as the temperature is set to drop this week.
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Today's top story

BUSINESS

Barred at home, Korea Inc. trials overseas stablecoin shortcut for faster cross-border payments

Barred from using stablecoins for corporate payments domestically, Korean companies are testing the digital currency abroad to cut cross-border transfer times from hours to minutes.

Stablecoin payments for goods and services from Korean companies totaled about $620 million from January 2021 through September 2026, according to data from New York-based blockchain data platform Allium, a sign that stablecoins are beginning to function as a new rail for corporate money movement

With Korea's regulatory framework for stablecoins still taking shape, companies are conducting these transactions offshore, using overseas affiliates to convert funds into U.S. dollar-pegged stablecoins, make cross-border payments and convert the funds back into dollars.

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Feature of the day

KOREA

Ansan: Where 100,000 foreigners from 110 countries call home

In Ansan, Gyeonggi, more than 100,000 foreign residents have built a multicultural community around familiar food, languages and essential services.


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More stories

Shinsegae bets $1 billion on Warner Bros.

Deepfake crime indictments surge more than threefold in Korea

Fried chicken weighs up to 30.5% less than listed, consumer group finds

Nearly 30,000 seek second round of debt restructuring amid economic slowdown

Sixty-three diplomats' adult children have foreign citizenship on record

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Editor's picks

BUSINESS

Korea braces for chilly mornings, cold evenings

Cold northwesterly air will keep temperatures near or below seasonal norms through Thursday, with a 15-degree Celsius daily swing across much of Korea.




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BUSINESS

More than 900 illegal online posts for Mounjaro, Wegovy found in Korea


Authorities moved to block hundreds of online posts illegally selling or promoting Wegovy, Mounjaro and other prescription obesity drugs.


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KOREA

Foreign visitors to Seoul hit record high, up 22% this year

Seoul welcomed 11.56 million foreign visitors through August, while their card spending rose nearly 60 percent from a year earlier.

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LIFESTYLE & ENTERTAINMENT

Military duty can’t stop Seventeen as subunit, solo activities keep music rolling

While six Korean members are currently enlisted and two are set to join this month, the remaining members are keeping busy.


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