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MoonPay sets up Korean unit to target crypto payments market

MoonPay, a global crypto payments and stablecoin infrastructure company, said on Tuesday it has established a Korean unit, MoonPay Korea, to expand its domestic business. The company plans to develop South Korea as a key base for broader expansion across Asia. It aims to localise services with local partners, integrate with financial systems and validate customer experience before scaling to other Asian markets. MoonPay is also pursuing cooperation with several Korean financial and technology firms.