KB Kookmin Bank Signs Business Agreement for Collaboration in Digital Asset Sector
Hatch Labs, Hashed, and Cumberland Korea Sign Business Agreement
On the 6th, attendees signed a business agreement and took a commemorative photo at the "Strategic Technology Cooperation in the Digital Asset Sector" business agreement ceremony held at KB Kookmin Bank Yeouido Data Center. (From left) Moon Geon-gi and Kim Jong-ho, co-CEOs of Hatch Labs; Lee Woo-yeol, CEO of KB Kookmin Bank IT Group; Hong Jun-ki, CEO of Cumberland Korea; Kim Seo-jun, CEO of Hashed.
View original image[Asia Economy Reporter Park Sun-mi] KB Kookmin Bank announced on the 7th that it has signed a business agreement for strategic technological cooperation in the digital asset sector with Hatch Labs, Hashed, and Cumberland Korea.
The main contents of the agreement include custody and management of digital assets, joint response to related regulatory changes, discovery of new businesses using blockchain technology, and fostering an ecosystem linking blockchain and finance. The signing ceremony held on the 6th was attended by Lee Woo-yeol, head of KB Kookmin Bank's IT Group; Moon Geon-gi and Kim Jong-ho, co-CEOs of Hatch Labs; Kim Seo-jun, CEO of Hashed; and Hong Jun-gi, CEO of Cumberland Korea.
Going forward, it is expected that not only virtual assets but also assets such as currency, real estate, artworks, and rights will be issued and traded as digital assets. The strategy is to secure the necessary technology and ecosystem through this agreement. This reflects the rapidly changing market environment, including the recent amendment of the Act on Reporting and Using Specified Financial Transaction Information (Special Financial Transactions Act), the announcement of taxation plans for virtual assets, and the acceleration of central bank digital currency (CBDC) adoption by many countries such as China, Japan, and Sweden.
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Lee Woo-yeol, head of KB Kookmin Bank's IT Group, said, “We hope that this agreement will lead to the discovery of innovative services in the digital asset sector and mutual growth among participating companies,” adding, “KB Kookmin Bank will continue to expand the digital ecosystem through cooperation with various technology companies.”
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