Woori Bank (CEO Byeong-gyu Cho) announced on the 2nd that it signed a ‘business agreement to promote the token securities (STO: Security Token Offering) business’ with music investment platform ‘Music Cow (CEO Hyun-kyung Jeong)’ on the 30th.
The two companies announced that the purpose is to solidify the business and technical foundation for investment in K-culture content pieces in preparation for future token securities legislation.
Music Cow is the world’s first music copyright-based trust revenue securities investment platform operator and provides Korea’s largest ‘piece investment platform service’ that invests in music copyright property rights, etc. This service was designated as an innovative financial service by the Financial Services Commission in September 2022, and has secured a cumulative membership of about 1.2 million to date.
The agreement ceremony was attended by key officials from both companies, including Woori Bank President Cho Byeong-gyu and Music Cow CEO Jeong Hyun-kyung. In order to make new inroads into the K-culture culture tech market in the future, the two companies will establish a close cooperative relationship by △ linking piece investment products and services △ jointly discovering basic assets for piece investment △ promoting innovative financial services △ linking marketing △ supporting investment reviews of affiliates of Woori Financial Group. I decided to build it.
Bank President Cho Byeong-gyu said, “Through this business agreement, we plan to provide new services to customers through product and service linkage,” and added, “We will diversify our customer portfolio by launching new products based on the know-how of both companies and take the lead in revitalizing the piece investment market.” .
Source: www.nextdaily.co.kr
