South Korea's Gyeonggi Province will begin a government‑backed blockchain stablecoin pilot in August, initially testing issuance, circulation and settlement before evaluating fraud prevention, privacy and public‑sector use through February 2027. The pilot, led by ZKrypto, will employ zero‑knowledge proofs to prevent double‑spending and real‑time proof‑of‑reserves verification. Toss and KT have also launched separate projects to develop won‑based stablecoin infrastructure, and Toss has entered a three‑month proof‑of‑concept with Optimism and Sunnyside Labs to assess blockchain suitability for regulated payments. KT plans to invest 18 trillion won over three years, including 6 trillion won in AI infrastructure and 12 trillion won in network, IT and cybersecurity upgrades, with tokenization services included. The initiative reflects coordinated efforts by government, financial technology firms and telecommunications providers to explore domestic stablecoin use in public administration and regulated payment systems.