As of 2025
- 2025
Rebranding and Evolution of Financial Infrastructure
- June 12, 2025
Brand renewal
Stable Coin Name Changed from 'Medito' to Cowon Project
Start expanding stablecoin business based on 1:1 won deposit to institutional digital currency infrastructure - Medito Coin (Cowon Project) Key Elements
– 1:1 Won Pegging
The company secures stability by issuing Meditocoin (Cowon Project) at a 1:1 ratio for the Korean Won deposited in the first financial sector.
– Specializing in medical tourism payments
It was used as an actual means of payment in the infrastructure of Medicity Daegu, including hospitals, hotels, and spas, and the payment and reservation data was analyzed → used to develop additional services.
- Expansion of the Cowon Project in 2025
Sun-E Korea Co., Ltd., which has the SUN-E Exchange, designs a model for entering Southeast Asia with Cowon
– PK PAY Overview
Official name: PK PAY
Launch target: Second half of 2025, official launch in Indonesia
Issuer Seon-i Korea Co., Ltd. / KOWON Global
Payment-based 1:1 KRW-linked stablecoin KRW-K based on KOWON
Features A digital financial system that reflects Sharia (Halal) standards
Main target countries: Islamic countries such as Indonesia, Malaysia, UAE, and Saudi Arabia
– Planning and structural design for January to March 2025
Design of a non-interest payment model reflecting the halal financial structure
Establishment of an international wallet system architecture that can be linked with the KOWON mainnet
Start of Partner Negotiations for Entry into Indonesia
– MVP development and testing from June to September 2025
PK PAY Wallet App Beta Version Completed
KYC/KYB module designed to comply with local laws and regulations
Consultation with the Indonesian local women entrepreneurs association IFEMI
- Advance business plan and attract funds as of 2025
Exchange and card linkage plan centered on PK PAY
Equipped with QR code payment function supporting KYC-based on-chain payments in Indonesia
- Plans to discuss collaboration with Indonesia Digital Bank (banking partner) in 2026
Pre-campaign for local launch: Listing of Halal merchants, UI localization testing, selection of marketing agency
