News / Korea / yonhap_finance
Mirae Asset Chairman Park Hyeon-joo Questions Viability of KRW-pegged Stablecoins
Finance · Investment Banks/Brokers · yonhap_finance · 2026-08-26
Mirae Asset Chairman Park Hyeon-joo expressed skepticism over KRW stablecoins while predicting that big tech and AI-driven algorithms will reshape the future of finance.
What Happened
KRW Stablecoin Outlook: Mirae Asset Group Chairman Park Hyeon-joo has expressed skepticism regarding the success of KRW-pegged stablecoins. While he acknowledges the demand for USD-backed stablecoins due to the global dominance of the dollar, he suggests that a won-based equivalent lacks the same fundamental utility.
Big Tech in Finance: Park anticipates that major technology companies, specifically citing Google, will aggressively enter the blockchain payment market. He believes that firms with robust cloud infrastructure are well-positioned to disrupt traditional payment systems.
Automated Asset Management: The chairman highlighted that the future of finance lies in 'agentic' asset management algorithms. These systems will autonomously suggest and execute portfolio rebalancing, allowing clients to manage their investments with a simple click.
The Era of New Finance: These technological advancements are expected to fundamentally alter the role of traditional financial advisors and private bankers. Park characterized this transition toward automated, tech-led services as the emergence of 'New Finance,' signaling a major shift in the industry's landscape.