Kakao Enterprise Signs Strategic Business Cooperation in ICT Sector with Korea Minting and Security Printing Corporation

[Asia Economy Reporter Buaeri] Kakao Enterprise is partnering with the Korea Minting and Security Printing Corporation to collaborate in the ICT sector.

Kakao Enterprise announced on the 19th that it has signed a 'Memorandum of Understanding (MOU) for Strategic Business Cooperation in the ICT Sector.'

The two companies will form a working council to 'discover cooperative projects in the ICT sector.'

The goal is to enhance synergy by combining Kakao Enterprise's ICT technology and infrastructure with Korea Minting and Security Printing Corporation's public project expertise, such as the blockchain-based mobile local gift certificate 'Chak', mobile driver's licenses, and national digital IDs.

The two companies will focus on cooperation in areas including ▲exchange of business and technical information in the cloud sector ▲AI technology-based businesses such as AI chatbots and AIoT (the fusion of AI and Internet of Things) ▲blockchain and metaverse sectors.

Ban Jang-sik, President of Korea Minting and Security Printing Corporation, said, "The technology and service operation know-how of Kakao Enterprise, a leading domestic IT platform company, combined with the security technology and trust-based public project expertise of the Minting Corporation, will create positive synergy between the two organizations."

Baek Sang-yeop, CEO of Kakao Enterprise, said, "We will support the expansion of new growth businesses by integrating digital technology into the various projects of the Minting Corporation," adding, "We will accelerate digital transformation and contribute to discovering new businesses in various security and authentication fields."

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