Mirae Asset, HJ Heavy Industries, and Korea Land Trust Join Hands for 'Ship Finance Token Securities'

[Asia Economy Reporter Son Sunhee] Mirae Asset Securities announced on the 20th that it has signed a memorandum of understanding (MOU) for mutual cooperation to revitalize the token securities issuance (STO) business with HJ Jungong, and Korea Land Trust.

At the 'Business Agreement Signing Ceremony for Cooperation on the Issuance of Ship Finance Token Securities' held on the 16th at the headquarters of Korea Land Trust in Gangnam-gu, Seoul, (from left) Sangcheol Yoo, CEO of HJ Heavy Industries, Inseong Ahn, Head of Digital Division at Mirae Asset Securities, and Jungseon Kim, President of Korea Land Trust, are posing for a commemorative photo. (Photo by Mirae Asset Securities)

According to Mirae Asset Securities on the day, the companies held an MOU signing ceremony on the 16th at the Korea Land Trust headquarters in Gangnam-gu, Seoul, attended by Yoo Sangchul, CEO of HJ Jungong, Ahn Inseong, Head of Digital Division at Mirae Asset Securities, and Kim Jungseon, President of Korea Land Trust. These companies agreed to cooperate in ▲ issuance of ship finance token securities using blockchain technology ▲ discovering cooperative projects such as real estate fractional investment ▲ discovering new business models including applying for financial regulatory sandbox.

Mirae Asset Securities plans to collaborate in areas such as ship finance and real estate fractional investment through linkage with HJ Jungong based on Korea Land Trust’s investment finance and token securities (ST) business experience.

In this regard, Mirae Asset Securities has established a dedicated ST organization and is preparing for the digital asset business. It also provides consulting to companies seeking to utilize ST.

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