South Korea\'s finance and fintech sectors are stepping up competition to pre-empt the stablecoin market even as legislation remains stalled in parliament. Banks are moving to secure issuance rights through consortia and technology partners, while fintech firms and exchanges focus on controlling mainnets and payment networks. Global players are also positioning in networks and settlement infrastructure. The article says the battle for won and dollar stablecoin leadership is already under way.

South Korea\'s Ministry of Science and ICT said on Tuesday it has begun expanding pilot transitions to post-quantum cryptography (PQC) and launching commercial R&D for key national infrastructure including telecommunications, finance, transport, defense and space. The programme will apply PQC in real systems to identify technical issues and establish migration procedures, while developing technologies to automatically identify vulnerable cryptographic assets and support conversion, operation and stability verification.