Major Korean companies including Samsung Electronics and KakaoBank deny formal participation in Open USD Alliance, citing lack of formal discussions or unclear inclusion.
DeFi & Yields ·
Multiple Korean firms listed as members of the Open USD Alliance—including Samsung Electronics, Dunamu, KakaoBank, Hyundai Card, KB Kookmin Card, and Samsung Card—stated they had not engaged in formal discussions with the OUSD issuer. Samsung Electronics reported no formal talks and expressed uncertainty about its assigned role, while Dunamu and KakaoBank said Open Standard had only inquired about their interest in participation rather than confirming their membership.
The discrepancy suggests a gap between the alliance's published member roster and actual commitment from listed participants. One company representative noted learning of their inclusion solely through Korean media coverage, indicating entities may have been added to communications materials without explicit agreement or bilateral confirmation of terms.
It remains unclear whether the listed companies will formalize participation, whether Open Standard will revise its membership claims, or how the alliance plans to resolve these inclusion disputes moving forward.