Chairman of Hana Financial Group: Viewing stablecoins as a new growth engine
TL;DR
Hana Financial Group's Chairman emphasizes building a comprehensive crypto ecosystem, including stablecoins, as a new growth driver. He calls for innovation, cross-sector partnerships, and reducing reliance on the crypto industry while expanding non-banking businesses.
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[Hana Financial Group Chairman: Viewing Stablecoins as a New Growth Engine] According to Mars Finance, citing the Korea Herald, Hana Financial Group Chairman and CEO Ham Young-joo stated in his New Year's address that the group must proactively design and build a complete ecosystem encompassing the issuance, distribution, use, and circulation of crypto assets, rather than merely remaining at the level of participants within an existing framework. Ham Young-joo stated that the group needs fundamental innovation to address upcoming challenges, no matter how significant. He also called for cross-sectoral partnerships both domestically and internationally to ensure a broad distribution network for stablecoins once they gain wider adoption. Furthermore, Ham Young-joo indicated that the group needs to reduce its heavy reliance on the crypto industry and further expand into non-banking businesses.