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South Korea’s Shinhan, LG CNS Unveil CBDC Platform
10.3.2021
The South Korean commercial banking giant Shinhan and LG CNS, the IT services arm of the electronics conglomerate LG, have unveiled their joint pilot platform for central bank digital currencies (CBDC).
The two firms announced they would be partnering on the platform late last year, and...
South Korean Bank Shinhan Seals Crypto Custody Deal with BitGo
29.1.2021
The South Korean banking giant Shinhan is looking to take its fast-expanding crypto operations global – after striking a deal with American major crypto custody player BitGo.
Per EDaily, the deal pertains to crypto custody – a deal that also involves the South Korean crypto firm the Korea Digital...
Korea’s Shinhan Bank makes strategic investment in crypto custody consortium
11.1.2021
South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit
Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related Services
9.1.2021
A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According...
4 of South Korea’s Largest Banks to Provide Cryptocurrency Services
16.8.2020
Four of the top five South Korean banks have reportedly announced their plans to provide cryptocurrency services. The announcements came ahead of the crypto regulation that will soon go into effect in South Korea. Largest Korean Banks Entering Crypto Space South Korea’s largest banks have...
Shinhan Bank of Korea to Develop Blockchain-based Platform for Loan Management
12.11.2019
According to the latest reports, Shinhan Bank has entered into a collaboration with SEMAS (Small Business Market Promotion Corporation) for building a blockchain-based platform dedicated to loan management. The platform would streamline the verification process for SMEs that apply for institutional...
Samsung-Backed Blockchain Startup Raises $7.5M from Shinhan Bank
22.8.2019
Samsung-backed blockchain startup Blockco raised $7.5 million in a funding round from the likes of Shinhan Bank and KEB Hana
Shinhan Bank Partners with GroundX and Hexlant to Build Blockchain Enhanced Security System
15.8.2019
One of the most established and most significant banks in South Korea, Shinhan has collaborated with two fintech firms to initiate a new security framework utilizing blockchain technology. Recently, Shinhan Bank inked an MOU (Memorandum of Understanding) with fintech firm Ground X and blockchain...
Shinhan Bank Teams With Kakao’s GroundX for Blockchain Security Boost
14.8.2019
One of the oldest and largest banks in South Korea has partnered with two fintech firms to build a new security system using blockchain tech
The Terra Stablecoin Is Partnering With a South Korean Fashion Market
5.8.2019
Terra has added Sinsang Market to its alliance of internet marketplaces in an effort to create new payment systems for online shoppers
Korea’s Shinhan to Offer Blockchain-Based Securities Lending
3.8.2019
A new brokerage account in South Korea will let investors lend securities on a blockchain
Korea’s Biggest Credit Card Firm Wins Patent for Blockchain Credit System
15.7.2019
Shinhan Card has been granted a patent for a blockchain payment system that could reportedly do away with physical credit cards
South Korea’s Shinhan Bank Is Cracking Down Harder on Anonymous Crypto Users
4.7.2019
New rules make it even harder to create anonymous crypto exchanges in South Korea
Major Korean Bank Clamps Down on Accounts Linked to Crypto Exchanges
1.7.2019
One of South Korea’s biggest banks is reportedly planning to intensify regulations on accounts linked to crypto exchanges
South Korea’s Shinhan Bank Turns to Blockchain to Speed Up Loan Issuance
28.5.2019
Shinhan, one of the oldest and largest banks in South Korea, is using blockchain technology to speed up the approval process for loan products.