Tether and Circle, the world's leading stablecoin issuers, are intensifying their efforts to capture the South Korean market as the country faces delays in establishing regulations for Korean won-backed stablecoins. Tether is actively recruiting for positions such as public relations manager, blockchain investigator, and government relations representative in South Korea. This move is in anticipation of the upcoming Digital Asset Basic Act, which is expected to require foreign stablecoin issuers to establish local branches to operate in the country. Meanwhile, Circle's USDC has seen its market share in trading activities on South Korean crypto exchanges rise to approximately 10%. This increase highlights the growing presence and influence of USDC in the region as regulatory frameworks continue to evolve.