Shinhan Bank Builds Financial Infrastructure Service in Sookmyung Women's University Metaverse

Shinhan Bank, Sookmyung Women's University, LGU+, and Mammosix Sign Business Agreement

From the right, Jeon Pil-hwan, Head of Digital Group at Shinhan Bank, Jang Yoon-geum, President of Sookmyung Women's University, Hwang Hyun-sik, President of LG Uplus, and Yoo Cheol-ho, CEO of Mammosix, are posing for a commemorative photo.

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 26th that it has signed a business agreement with LG Uplus, Mammosix, and Sookmyung Women's University to promote the Sookmyung Women's University Metaverse Campus.

Through this business agreement, the three parties decided to hold the 'Cheongpaje' festival of Sookmyung Women's University, which will take place from the 3rd to the 5th of next month, in the metaverse space called Snowverse.

The metaverse space was implemented based on 'Galaxy City,' a game platform developed by Mammosix, and plans to create a metaverse campus unique to Sookmyung Women's University by utilizing Galaxy City's avatar design, items, avatar creation, and chat features.

Shinhan Bank is reviewing ways to implement services linked to the surrounding commercial district, such as major textbooks, clothing, and secondhand transactions among students, within the metaverse space, and plans to promote a simple payment service within the metaverse by linking student IDs and accounts.

A Shinhan Bank official said, "It is meaningful to build a university campus space in the metaverse through this business agreement," adding, "We will continue to implement various financial services tailored to students' needs in the metaverse campus so that it can establish itself as a financial platform in daily university life."

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