On the 27th, virtual asset exchange Korbit announced that it will fully pursue corporate sales in cooperation with Shinhan Bank. Through this collaboration, the two companies plan to respond quickly to attracting corporate customers based on a close partnership and gradually expand corporate services in accordance with the roadmap announced by the Financial Services Commission.

Korbit is currently actively developing strategic sales with Shinhan Bank, targeting various corporations such as government agencies, listed companies, for-profit corporations, and non-profit organizations, focusing on the corporate sales department. Shinhan Bank is strengthening its bridging role between the traditional financial sector and the virtual asset industry. This is a strategic move to preempt the virtual asset trading market targeting corporations.

Shinhan Bank recently established a task force (TF) to respond to the virtual asset market and has begun a full-scale market attack. The formed TF is discussing strategies to preempt the virtual asset market. It is also pursuing a plan to expand its influence in the market in line with the permission of virtual asset transactions by corporations. It plans to further strengthen cooperation with Korbit, with which it has a real-name account partnership, and seek active marketing measures. It is also considering expanding partnerships with virtual asset custody companies.

A Korbit official said, “The collaboration with Shinhan Bank will be an important opportunity to pioneer the virtual asset market for corporate customers,” and added, “We will do our best to provide a stable virtual asset trading environment for corporate customers in line with the Financial Services Commission’s roadmap.”