Koscom and Hanwha Asset Management Sign MOU to Promote Digital New Deal in the Financial Sector

[Asia Economy Reporter Oh Ju-yeon] Koscom and Hanwha Asset Management are promoting the activation of the financial sector's digital New Deal by utilizing cloud, blockchain, big data, and more.

Koscom announced on the 16th that it has signed a business agreement with Hanwha Asset Management to promote the financial sector's digital New Deal and jointly advance IT modernization in the asset management industry.

Koscom will collaborate with Hanwha Asset Management to research financial and IT services using blockchain and big data for Hanwha Asset Management's Digital Transformation (DX) and develop a non-face-to-face fund sales service. The asset management IT platform to be jointly developed by the two companies will introduce IT technologies from advanced countries with high global competitiveness to differentiate from existing domestic companies. Koscom plans to cooperate in building the non-face-to-face sales service necessary for the digital direct sales app that Hanwha Asset Management is preparing.

To activate the financial sector's digital New Deal, the two companies will also conduct joint research and development projects to revitalize the fintech ecosystem by utilizing blockchain, big data, cloud, cybersecurity, artificial intelligence, and more. Furthermore, recognizing that the future of the financial market lies in the fintech sector, they have agreed to actively cooperate to support the global expansion of startups recognized for their service capabilities.

Koscom was selected this year as the voucher operator for the Financial Cloud Support Project by the Financial Services Commission and is supporting fintech companies' cloud innovation services together with the Korea Fintech Support Center. Hanwha Asset Management is building a digital financial ecosystem through equity investment in iSTOX, a Singapore securities token offering (STO) issuance platform, and forming the AI Alliance Fund utilizing Element AI as a specialized knowledge advisory firm together with Hyundai Motor Group and SKT.

Kim Yong-hyun, CEO of Hanwha Asset Management, said, "We have high expectations for cooperation with Koscom, which has various attempts and advanced technologies," adding, "We hope to become a successful partner not only for the direct sales service app we are preparing but also for fintech activation and overseas expansion."

Jung Ji-seok, President of Koscom, stated, "Our entry into the asset management IT sector, which we have been preparing for the past two years, has taken a good first step by meeting an excellent partner in Hanwha Asset Management," and added, "We will strive to share various innovative achievements obtained during the development process with startups to contribute to fintech activation."

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