Shinhan Financial Chairman Jin Okdong Meets with Tether After Circle to Discuss Stablecoins

KB Kookmin Bank Vice President to Meet with Tether Executives

Jin Okdong, Chairman of Shinhan Financial Group, met with senior executives from Tether, the world's leading stablecoin issuer, following his recent meeting with Circle.

Jin Okdong, Chairman of Shinhan Financial Group, is giving a presentation at the Shinhan Financial Group Analyst Day held on Jeju Island on the 28th of last month. Provided by Shinhan Financial Group, Yonhap News Agency.

According to the financial industry on September 8, Chairman Jin held a meeting with Tether representatives at 10 a.m. at the Shinhan Financial Group headquarters in Jung-gu, Seoul. Attendees from Tether included Marco Dal Lago, Global Head of Strategy and Executive Vice President; Queen Le, Head of Asia-Pacific; and Andre Kim, Manager for Latin America. They visited Korea to attend a domestic blockchain conference.

This meeting came as Tether sought to understand trends in the Korean market, aligning with Shinhan Financial Group's efforts to compete for leadership in the virtual asset sector. During the meeting, participants reportedly shared insights and expertise on the stablecoin industry and discussed ways to build a mutual network.

On August 22, Chairman Jin also met with Heath Tarbert, President of Circle, the world's second-largest stablecoin issuer, to discuss key issues. Recently, he has been highlighting the importance of stablecoins, emphasizing that they are "not merely a technological challenge, but a core driver that can reshape the fundamental functions of finance and create new, customer-centric value," demonstrating his ongoing interest in the field.

KB Kookmin Bank is also holding consecutive meetings with global stablecoin issuers. Cho Youngseo, Vice President of KB Kookmin Bank in charge of artificial intelligence and digital transformation, met with the president of Circle last month and is scheduled to meet with Tether this week. NH Nonghyup Financial Group's blockchain and virtual asset team reportedly met with Queen Le, Head of Asia-Pacific at Tether, on September 5. Tether executives are also planning meetings with domestic fintech companies and others.