Financial and Happiness Network Establishes Cooperative Framework with International Digital Asset Committee

The Financial and Happiness Network, a nonprofit public interest corporation under the Financial Services Commission, has signed a memorandum of understanding (MOU) with the International Digital Asset Committee (IDAC) to ensure safe use and foster a sound ecosystem in the era of digital assets.

Through this agreement, the two organizations have established five core pillars for cooperation: expanding education and awareness centered on consumer protection in digital assets, responsible evaluation and social sharing of results, policy proposals to create a sound ecosystem, exchange and utilization of their respective networks, and joint collaborative projects aligned with their objectives. They have agreed to establish a close framework for practical cooperation.

Going forward, based on the MOU, the organizations plan to jointly develop educational programs, publish evaluation reports, and form a regular consultative body to implement collaborative projects. This will strengthen performance monitoring based on indicators and enhance external communication.

Jung Woonyoung, Chairman of the Financial and Happiness Network Corporation (left), and Won Eunseok, Chairman of the International Digital Asset Committee, are signing a memorandum of understanding on "Digital Asset Consumer Protection and Sound Ecosystem Establishment" and taking a commemorative photo. Financial and Happiness Network

원본보기 아이콘

The Financial and Happiness Network is a nonprofit public interest corporation dedicated to financial consumer protection and promoting inclusive finance through education, research, policy proposals, and on-the-ground partnerships. Its core mission is to ensure that consumers can access, use, and be protected in financial services safely, with measurable outcomes for inclusive finance. The International Digital Asset Committee is a public interest organization focused on the social proliferation of digital assets and building a sustainable digital asset ecosystem. It is active in promoting digital asset adoption across various fields, including education, social contribution, evaluation, awards, content services, and gaming.

Jung Woonyoung, Chairman of the Financial and Happiness Network, stated, "The standard for inclusive finance must be reflected in consumer outcomes, so even in the digital asset sector, there must be tangible improvements in fraud prevention, rational decision-making, and responsible use for financial consumers. The Financial and Happiness Network will work with our partners to create a model where everyone can access, use, and be protected safely, and where the results are measurable, by connecting education, policy, and fieldwork."

Won Eunseok, Chairman of IDAC, remarked, "As the keyword for digital assets has now shifted to 'proliferation,' it is time to seek ways and services that can be integrated into everyday life beyond the realm of investment. Through this collaboration, IDAC will leverage its ongoing focus on assetization capabilities to provide education and awareness-raising activities, ensuring that digital asset consumers can utilize digital assets safely and smoothly."

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.