Korbit Partners with KG Financial to Develop Digital Asset Payment Service

by Park SeungUk

Published 31 Mar.2026 09:10(KST)

Korbit, the nation’s first virtual asset exchange, is set to establish a linked payment service that enables digital assets to be used for real-life payments.

Sejin Oh, CEO of Korbit (fifth from the left), and Seungyong Yoo, CEO of KG Financial (fourth from the left), along with other officials from both companies, are attending a commemorative photo session at the business agreement ceremony held at the KG Financial headquarters in Seoul on the afternoon of the 30th. Korbit

On March 31, Korbit announced that it had signed a memorandum of understanding (MOU) with KG Financial, a comprehensive payment service company, to build a digital asset payment service.

Through this service, the company aims to create a digital asset payment ecosystem by integrating the exchange with card and payment gateway (PG) based payment infrastructure.

The core of this collaboration is to establish a charge-and-payment structure utilizing digital assets. Korbit’s role will be to sell only the required amount of digital assets, such as stablecoins, when a digital asset holder wishes to make a payment at a merchant. KG Financial will support charging the cash-converted amount onto the Mobile Card through Korbit, allowing it to be used at 3.4 million online and offline merchants nationwide.

A Korbit official stated, “Our goal is to enable digital assets to be utilized in more diverse ways,” adding, “We will provide a new user experience that connects digital assets to real-life payments.”