Financial Security Institute and Korea Data Exchange Sign MOU for Innovation in Data Distribution and Utilization

Kim Young-ki, President of the Financial Security Institute (right), is taking a commemorative photo with Park Jae-hyun, CEO of KDX Korea Data Exchange, after signing a Memorandum of Understanding (MOU) for innovation in data distribution and utilization on the 21st.

[Asia Economy Reporter Kim Min-young] The Financial Security Institute, the operator of the Financial Data Exchange, announced on the 22nd that it has signed a Memorandum of Understanding (MOU) with KDX Korea Data Exchange to innovate data distribution and utilization.

Through the MOU signed yesterday, both organizations will cooperate to foster the data economy ecosystem by ▲ discovering and promoting the use of financial-retail convergence data products ▲ providing mutual guidance on data products between the Financial Data Exchange and Korea Data Exchange ▲ participating in and supporting each other's hosted events.

Both institutions expect to create synergy effects by collaborating between big data platforms in the financial and retail consumption sectors, developing innovative products and services based on convergence data products, and expanding new business opportunities utilizing data.

Kim Young-gi, President of the Financial Security Institute, stated, “The Financial Data Exchange will expand a data hub where data from various industries, including finance and retail consumption, can be converged, distributed, and utilized, contributing to job creation and economic revitalization through the success of the Korean-style Digital New Deal.”

This content was produced with the assistance of AI translation services.