Samsung Electronics, Dunamu, and several other South Korean companies listed as participants in the consortium behind the OUSD stablecoin have stated that they have not entered into any formal collaboration agreements. One firm learned of its inclusion in the list only after local media reports. A Samsung representative told Chosun Biz that there have been no official consultations and the company does not understand what role it could play. Shinhan Financial Group, Dunamu, and Kbank indicated that Open Standard merely inquired about their willingness to consider participation, to which they responded that they would look into the matter.