Korea Technology Signs Four-Party MOU for Developing Real Estate Coins Including NFTs Using Blockchain Technology

[Asia Economy Reporter Jang Hyowon] Korea Technology, a KOSDAQ-listed company (CEO Shin Yonggu), announced on the 16th that it signed a '4-Party Business Agreement (MOU) for NFT Real Estate Coin Development' together with Daewoo Shipbuilding & Marine Engineering Construction, Chainstry, and Paranjasan Operation at the T Tower conference room in Jung-gu, Seoul.

(From left) Jang Se-woong, Vice President of Daewoo Shipbuilding & Marine Engineering Construction; Shin Yong-gu, CEO of Korea Technology; Lim Jang-won, CEO of Chain Street; and Jung Jeong-han, Executive Director of Parang Asset Management are posing for a commemorative photo of the business agreement. / Photo by Korea Technology

The signing ceremony was attended by Korea Technology CEO Shin Yonggu, Daewoo Shipbuilding & Marine Engineering Construction Vice President Jang Sewoong, Chainstry CEO Lim Jangwon, Paranjasan Operation Executive Director Jeong Jeonghan, and other related personnel.

Through this agreement, Korea Technology, Daewoo Shipbuilding & Marine Engineering Construction, Chainstry, and Paranjasan Operation plan to establish a mutually strategic cooperative relationship to ensure the completeness and practical application of a house coin (tentative name) related to real estate sales using blockchain technology.

According to the agreement, Korea Technology will be responsible for establishing the SPC, issuing tokens, and promoting sales through various publicity efforts, as well as operating and managing each project.

Daewoo Shipbuilding & Marine Engineering Construction will conduct feasibility assessments of the real estate projects and, if necessary, handle indoor and outdoor architectural work, contributing to enhancing the competitiveness of the properties.

Chainstry will provide technical support such as coin-related solution development, operation, and maintenance, while Paranjasan Operation will perform the role of project management (PM) for financial structuring.

NFT (Non-Fungible Token), based on blockchain technology, is a digital asset that assigns unique values to assets such as artworks, real estate, and digital content. It cannot be duplicated and allows transaction tracking, making it stable.

Shin Yonggu, CEO of Korea Technology, stated, “This new business led by Korea Technology is the first case of integrating virtual currency with real estate development and sales, and it will be a game changer in the real estate market. We will do our best to become Korea Technology that leads the times by pioneering such future technologies.”

Meanwhile, Korea Technology announced on the 10th through a public disclosure that it will add business objectives such as ▲blockchain encrypted asset trading and brokerage ▲blockchain software development and supply ▲real estate sales ▲real estate development at the extraordinary general meeting of shareholders to be held on December 24th on the 8th floor of Korea Technology headquarters in Jung-gu, Seoul.

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