South Korea2026.10.12Block Media

South Korea Stuck Repeating Pilot Tests Amid Lack of Stablecoin Law... Risk of Losing Both Companies and Market to Overseas Rivals

• Samsung Electronics' U.S. subsidiary announced on October 7 the introduction of a stablecoin remittance feature in Samsung Wallet, targeting Galaxy users in the U.S.
• Korean financial and payment companies have completed technical verification (pilot testing) of stablecoin payment and remittance systems, but commercialization remains stalled.
• The absence of stablecoin-related legislation in Korea is cited as the key bottleneck, raising concern that overseas companies will capture both the market and business opportunities first.