Kiwoom Securities Signs Business Agreement with Sejong Telecom
Kiwoom Securities and Sejong Telecom are holding a business agreement ceremony at 'V-Brick Square' established within the metaverse platform Gather Town.
View original image[Asia Economy Reporter Hwang Yoon-joo] Kiwoom Securities announced on the 19th that it has signed a Memorandum of Understanding (MOU) with Sejong Telecom to promote the BBRIC business.
Sejong Telecom, a KOSDAQ-listed company, is developing blockchain-based platforms across various industries such as real estate, MyData, and distribution. The Sejong Telecom consortium (Sejong Telecom, BBRIC, Aegis Asset Management, DS Networks Asset Management) was selected as the operator for the Busan Blockchain Regulatory Free Zone project and is jointly promoting the BBRIC service-related business.
BBRIC is a service that allows easy fractional real estate investment with small amounts. By utilizing blockchain technology, it digitizes the profit certificates of real estate funds into digital certificates, enabling small investments through the BBRIC app. Its most notable feature is the ease of cashing out through peer-to-peer transactions.
The first investment property, the 'Choryang MDM' tower located in Choryang-dong, Busan, is scheduled for subscription between the 25th and 27th.
Under this MOU, both companies will strengthen cooperation by ▲ jointly promoting the Busan Blockchain Regulatory Free Zone real estate collective investment and profit distribution service (BBRIC) business ▲ discussing digital asset trading platforms, real estate product development, and account management ▲ discovering and executing collaborative projects combining finance and blockchain.
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Kim Hee-jae, Head of Retail Division at Kiwoom Securities, stated, “Interest in STO (Security Token Offering) based on blockchain is increasing in the financial investment industry,” adding, “Through this MOU, we will discover various collaborative projects within the STO market as well as digital real estate assets to strengthen competitiveness within the industry.”
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