CoinVoice has learned that according to The Korea Herald, Han Asia Financial Group Chairman and CEO Hyeon Yong-ju stated in his New Year’s address that the group must actively design and build a complete ecosystem that covers the issuance, distribution, use, and circulation of crypto assets, and cannot remain solely at the level of existing participants within the established framework.

Hyeon Yong-ju said that the group needs fundamental innovation to address upcoming challenges, no matter how great they may be. He also called on domestic and international sectors to establish cross-sector partnerships to ensure that stablecoins can build extensive distribution networks after broader adoption. Additionally, Hyeon Yong-ju mentioned that the group needs to reduce its heavy reliance on the industry and further expand into non-banking businesses.