Kyobo Securities Signs Business Agreement with Real Estate Fractional Investment Platform LucentBlock

Kyobo Securities announced on the 16th that it has signed a Memorandum of Understanding (MOU) with LucentBlock, the operator of the real estate fractional investment platform 'Soyu', to promote the token securities (STO) business.

At the business agreement signing ceremony held at Kyobo Securities headquarters on the 15th, Lee Seok-ki, CEO of Kyobo Securities (right), and Heo Se-young, CEO of Lucent Block, are posing for a commemorative photo.
[Photo by Kyobo Securities]

Through this agreement, both parties plan to cooperate in areas such as ▲launching exclusive investment products ▲linking investment channels using MyData services ▲collaborating on non-face-to-face account opening processes ▲joint marketing partnerships.

To enter the digital ecosystem, Kyobo Securities formed the 'Kyobo New Technology Investment Association No. 1' in November 2021 and made a strategic investment in LucentBlock.

Oh Jun-hyuk, Head of the DT Strategy Department, stated, "We plan to launch Kyobo’s unique real estate fractional investment products that share regional coexistence and cultural values," adding, "We will expand our digital business domain through collaboration with various investment platform companies in the future."

Kyobo Securities signed an MOU with Tessa, an art fractional investment platform, last December to promote token securities-related business, and recently formed a partnership with Fix, a webtoon investment platform.

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