Securities

SEOUL, June 5 (UPI) — South Korea’s KB Securities said Friday it teamed with global blockchain network operator Canton Foundation and domestic digital asset company Wavebridge.

The Seoul-based brokerage said the three firms would explore ways to take advantage of the Canton Network, a blockchain platform built for regulated financial markets, to support distributed ledger-based capital market transactions.

Over the longer term, they also hope to collaborate on adopting distributed ledger-based financial products in South Korea.

KB Securities said that its ultimate goal is to enable the issuance and cross-border distribution of financial products backed by Korean assets.

Enabled by smart contracts, Canton Network allows participants to exchange data and value for the trading of real-world assets.

Several major global financial organizations participate in the Canton ecosystem, including Goldman Sachs, BNP Paribas, HSBC and Nasdaq, according to KB Securities.

“The transition to a distributed ledger-based capital market is an essential step for future finance. This transformation is already moving from concept to execution globally,” KB Securities CEO Kang Jin-doo said in a statement.

Canton Foundation leader Viv Diwakar welcomed the three-way partnership.

“Korea’s capital markets have the institutional depth and regulatory foundation to move decisively in the shift to distributed ledger infrastructure,” he said.

“This partnership with KB Securities and Wavebridge is an important first step in building that future, and Canton Foundation is committed to supporting Korea’s leadership in this space.”

KB Securities is not publicly listed. The share price of its parent company, KB Financial Group, rose 4.51% on Friday, while the benchmark KOSPI plunged 5.54%.

SEOUL, May 20 (UPI) — South Korea’s Mirae Asset Securities said Wednesday it launched the “Sage Beyond” platform geared toward sharing its insights with young business leaders.

The Seoul-based brokerage house said Sage Beyond would pass on its philosophy of innovation-driven growth.

The platform came to light when Mirae Asset Group founding Chairman Park Hyeon-joo delivered a keynote speech to about 140 participants. He is often referred to as South Korea’s Warren Buffett, the legendary U.S. investor.

Park shared insights into the mindset and strategic vision needed for the next generation of leaders, stressing innovation and sustainable long-term growth, according to the company.

It said it plans to strengthen partnerships with young executives through various programs linked to Sage Beyond, including regular forums focused on macroeconomic insights.

The introduction of Sage Beyond is also part of the company’s broader effort to upgrade its premium wealth management service brand, “Sage,” it said.

While Sage Beyond targets young business leaders in their 30s and 40s, “Sage Jr.” is aimed at university-age children from client families as a next-generation leadership development program.

“Sage Beyond is a platform designed to build partnerships with young leaders who value innovation,” Mirae Asset Securities said in a statement. “By continuously providing insights on management and investment, we hope to help them achieve sustainable growth.”

The share price of Mirae Asset Securities dipped 6.63% on the Seoul bourse Wednesday, while the broader KOSPI edged down 0.86%.