SOOHO.IO & Chainlink: Korean Won Stablecoin Namsan Project

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Hello everyone! Blockchain is bringing stability to the Korean won.

Thank you for always reading my blog. This is Jhon. Today, I'd like to talk about a project that's currently the talk of the town in the blockchain world. "Project Namsan," run by SOOHO.IO and Chainlink, is trying to create an ecosystem for stablecoins based on the Korean won (KRW). Even if you're a beginner, let's learn about it together.

This project is gaining attention as South Korea strengthens its digital asset infrastructure. The reason it's important now is that stablecoins (cryptocurrencies with stable prices) are key to smoothing everyday payments and foreign exchange (FX). If services aimed at tourists in particular become more widespread, it could potentially breathe new life into the South Korean economy. Since this news was only announced on September 22, 2025, we'll explain the latest developments in an easy-to-understand way. For first-time users, it's a good idea to familiarize yourself with the basics of exchanges. Here's a simple comparison of major services:How to Choose and Compare Cryptocurrency Exchanges for Beginners.

Learn about Project Namsan

Project Namsan is a joint initiative between SOOHO.IO, a Korean blockchain technology company, and Chainlink, a global blockchain oracle network. Its main goal is to build a stablecoin ecosystem pegged to the South Korean won. Stablecoins are cryptocurrencies that have their value tied to fiat currencies like the US dollar or yen, reducing price fluctuations, and can be traded safely on the blockchain. It's simple; you can think of it as a digital version of stable money.

This project is one of the largest consortia in South Korea, with multiple technology providers participating. Announced on September 22, 2025, the project plans to utilize Chainlink's CCIP (Cross-Chain Interoperability Protocol) and Proof of Reserve to enable secure FX payments. The project aims to enable tourists to easily exchange currencies using the KRW stablecoin.

Background: The history of Korean blockchain

South Korea has rapidly grown into one of Asia's leading digital asset markets. Exchanges such as Upbit and Bithumb have been active in the past few years, and it has been reported that $19 billion worth of stablecoins were outflowed in the first quarter of 2025 (Stablecoin Insider article dated July 13, 2025). The government is also promoting a pro-crypto policy, and is supporting the issuance of stablecoins backed by the South Korean won through regulations.

Meanwhile, SOOHO.IO has contributed to major digital asset infrastructure projects in South Korea. Meanwhile, Chainlink announced a strategic partnership with SOOHO.IO on September 2, 2024 (according to an official Chainlink X post) to explore use cases for tokenized assets and CBDCs (central bank digital currencies) in the Asian market. This collaboration formed the foundation for Project Namsan. Looking back at past developments, South Korea had the potential to become a leader in Asia in stablecoin adoption.

Latest Update: September 2025 Announcement

On September 22, 2025, SOOHO.IO and Chainlink officially launched Project Namsan (PRNewswire article dated September 22, 2025). This is a consortium to build South Korea's first stablecoin ecosystem, with major companies such as NHN participating. The main focus is a KRW stablecoin payment system for tourists, reducing FX costs and providing transparent on-chain vouchers.

By utilizing Chainlink's technology, secure cross-chain transactions will be possible, with fees expected to be kept below 0.1% (Coinspeaker article dated September 22, 2025). The project was also announced at the Digital Money Summit held at KBW2025 (Korea Blockchain Week 2025), attracting attention from the industry. Preparations are currently underway for full-scale deployment in Q4 2025.

Key features and benefits of the project

The appeal of Project Namsan is its ease of use in everyday life. For example, tourists can convert their funds to KRW stablecoin at the airport and make instant payments. Chainlink's Proof of Reserve ensures that the stablecoin's backing assets are always verifiable and highly reliable.

Here, I will summarize the points that directly affect your daily life in bullet points so that you can easily imagine:

Cost reduction: Significantly reduces traditional FX fees, making it convenient for tourism and business.
Improved transparency: Transaction history is published on the blockchain, so you can handle money with confidence.
Cross-border support: It can be easily exchanged for other stablecoins such as USDC and USDT, making it perfect for international travelers.
Enhanced securityChainlink oracles provide real-time data feeds, minimizing the risk of tampering.

By utilizing these services, your daily payments should become much smoother. However, please note that investment-related activities involve the risk of market fluctuations, so please engage at your own risk. We do not provide investment advice.

Potential risks and precautions

Any innovative project is inherently risky. In the case of Project Namsan, regulatory changes could have an impact. While the South Korean government supports stablecoins, changes in international regulations could impose restrictions. Additionally, blockchain security issues, such as the risk of hacking, should also be kept in mind.

A good tip for using this site is to first check the latest information on the official website or reliable news sources. We always recommend checking official guidelines for health and legal matters. We do not provide investment advice, so please proceed at your own discretion.

Looking ahead: The future of Korean stablecoins

Project Namsan, which is currently underway, is scheduled to launch a pilot program in the second half of 2025. It has also been reported that major players such as KakaoBank will issue KRW stablecoins in the future (CryptoRank.io article dated August 7, 2025). This will likely make South Korea a digital money hub in Asia.

From the past growth of blockchain to the present and the future. If Project Namsan is successful, it is likely that other countries will follow suit. Please keep up with the latest information so you don't miss out on this wave.

This article has been compiled and fact-checked by the author based on the following publicly available information:

Finally, here is a summary from Jhon's perspective. I think Project Namsan is a good example of how blockchain can revolutionize everyday finance. If Korean won stablecoins become widespread, our lives will surely become much more convenient. If you're interested, start with a reliable exchange. You're sure to discover something exciting! If you're unsure, compare fees, UI, and the stocks available. For a detailed comparison,click here.

How to choose and compare cryptocurrency exchanges for beginnersclick here .

Ushering in a new era of Korean won stablecoins! SOOHO.IO and Chainlink launch Namsan project