[Market Focus] InskoB CEO Yoo Insu: "Stablecoin Business Will Restore Market Cap to 1 Trillion Won"

InskoB's stock price has recently maintained its upward trend. Expectations surrounding CEO Yoo Insu's leadership in advancing the stablecoin business appear to be influencing the stock. CEO Yoo stated, "I am determined to ensure the success of this project through collaboration with technically capable partners," and added, "I am confident that InskoB's corporate value will recover to the days when its market capitalization exceeded 1 trillion won."

As of 2:49 p.m. on June 12, InskoB was trading at 1,943 won, up 6.35% from the previous day.

InskoB and Parameta are collaborating to develop a next-generation local currency that will structurally overcome the technical and administrative limitations of existing paper gift certificates or point-based local currencies.

The companies have set a goal of establishing a new digital budget execution system through a stablecoin pegged to the value of the Korean won. They plan to complete development with the aim of launching the official service in the second half of this year. InskoB's strategy is to solidify its position as a leading company in the local currency market by being the first to commercialize a stablecoin-based platform.

Parameta, the technology partner, is a company that has inherited the core technology of the global blockchain project 'ICON (ICX)'. After changing its name from the previous ICONLOOP, Parameta has supplied various DID, smart contract, and authentication systems to public institutions and large enterprises. The company is regarded as having the highest level of expertise in Korea in designing stablecoin systems linked to the real economy.

CEO Yoo stated, "We are entering the business of converting local currencies currently operated by local governments nationwide into a more transparent and efficient system," and added, "The local currency market, which is worth about 20 trillion to 25 trillion won annually, is expected to more than double in size." He continued, "The new business is not simply about issuing coins; the goal is to establish a digital infrastructure with public interest and practicality through collaboration with the government and local governments." He also noted, "Through this, we will expand into the private gift certificate sector and fulfill a public role in preventing incidents like the 'second TMON·WEMAKEPRICE' case."

Discussions on introducing a won-based stablecoin are gaining momentum, particularly in political circles. Expectations are rising as Kim Yongbeom, former First Vice Minister of Economy and Finance, who was recently active in the virtual asset industry, has been appointed as policy chief.