Kyobo Life is teaming up with Toss to explore financial services utilizing digital assets.
On August 12, Kyobo Life announced that it has signed a memorandum of understanding with Toss to collaborate on building a digital asset ecosystem and services.
Under this agreement, the two companies will jointly seek financial services that can leverage digital assets, conduct proof of concept (PoC) testing, and establish a standard model. They will also work on creating a system for information exchange and joint responses to changes in the digital asset market and regulations.
Both companies expect this collaboration to serve as a leading example of innovation in the digital asset space. Notably, Kyobo Life has been conducting ongoing technology validations to integrate digital assets into actual financial services, and they believe that combining this with Toss's competitive digital platform will yield significant synergies.
Park Jin-ho, Vice President of Kyobo Life, stated, "What customers need is innovative and reliable finance. By collaborating, Kyobo Life, with its stability, and Toss, with its convenience, will provide differentiated financial services to our customers."
* This article has been translated by AI.
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