South Korean financial majors have applied to create virtual assets exchange in 2023
Mirae is looking for technical staff to work on crypto assets while Samsung tries to find a way into the blockchain-based security tokens market
On Wednesday, August 22, Samsung Securities and six other members of the South Korean Financial Investment Association reportedly applied to the government for permission to establish a virtual asset exchange. The companies include Mirae Asset Securities and Shinhan Financial Investment, among other big names. The preliminary approval would allow the companies to set up and operate virtual asset exchanges.
According to an official, "Currently, discussions necessary for the establishment are being finalised." (Translated to English from the original source in Korean)
It is worth noting that Mirae Asset Securities has a subsidiary under its affiliate Mirae Consulting. Mirae is South Korea's largest investment bank by market capitalisation. It has $648 billion in assets under management. It is looking for technical staff to work on various crypto assets such as Bitcoin, Ethereum, and non-fungible tokens (NFTs). Mirae is also reportedly looking to hire technical staff for blockchain-based platform research and development.
Meanwhile, Samsung Securities is researching the way to enter the market for blockchain-based security tokens. It attempted to find enough human resources last year to launch the development and operation of a security token trading platform. The attempt was made by developing blockchain smart contracts.