NHN KCP (CEO Park Joon-seok) is partnering with NH NongHyup Bank to build next-generation payment infrastructure based on digital assets and blockchain. NHN KCP announced on the 22nd that it signed a “strategic business agreement (MOU) for creating a stablecoin-based payment ecosystem” with NH NongHyup Bank at NH Financial Tower on the 21st.

Present at the signing ceremony were NHN KCP CEO Park Joon-seok, NHN KCP Vice President Jung Seung-gyu (CEO of NHN Payco), and NH NongHyup Bank Vice President Kim Joo-sik (Head of AI Data Division), along with other key officials from both companies. The agreement was prepared to enable both institutions to proactively respond jointly to the rapidly changing digital finance environment and to lead a new financial and payment ecosystem utilizing stablecoins.

In the global financial market, stablecoins have recently emerged as a next-generation core payment infrastructure, going beyond being mere virtual assets. The two institutions plan to secure a leadership position in domestic and overseas digital payment markets by combining their expertise in traditional finance and digital payments.

Through this agreement, NHN KCP and NH NongHyup Bank will cooperate in multiple areas, including: △joint planning of new service models utilizing digital assets △expansion of the payment ecosystem through linkage of merchant and platform networks △linkage with and interoperability with domestic and overseas digital payment infrastructure △joint response to changes in policies and systems.

To this end, NH NongHyup Bank will provide a trust-based financial infrastructure capable of linking with stablecoins, and support business planning and responses to financial regulation to expand digital asset-based financial services. NHN KCP will be responsible for the practical planning and operation of stablecoin-based service models, leveraging its merchant payment network.

NHN KCP CEO Park Joon-seok said, “At a time when stablecoins are heralding a new transformation in the payment market, this partnership with NH NongHyup Bank, which possesses top-tier financial infrastructure, will be a powerful driving force to lead the next-generation digital payment market,” adding, “By combining NHN KCP’s extensive payment network with the trust of NH NongHyup Bank, we will open a new horizon for digital payments in everyday life.”

NHN KCP Vice President Jung Seung-gyu said, “NHN KCP’s true competitiveness lies in its vast merchant network that directly connects with customers,” and added, “Based on infrastructure that spans not only everyday offline merchants such as convenience stores, shopping malls, and large franchises, but also the corporate welfare domain, we will build an ecosystem in which stablecoins can rapidly establish themselves as a simple and convenient payment method in daily life.”

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