Hallyu Bank Recognized with 540 Billion KRW Corporate Value through US KPMG

[Asia Economy Reporter Park So-yeon] Hallyu Bank, a global Hallyu platform (FANTOO) company, has been recognized with a corporate value of 540 billion KRW by KPMG.

Hallyu Bank, preparing for a Nasdaq listing in the United States, proceeded with listing and audit procedures through a comprehensive global expansion strategy consulting contract with the global accounting consulting firm KPMG. On the 28th, it announced that it received an analysis result through a recent equity value report indicating that the corporate value ranges from at least $315 million to $460 million (approximately 370 billion to 540 billion KRW).

KPMG is a consulting and accounting professional firm launched in 1987 through the merger of PMI (Peat Marwick International) and KMG (Klynveld Main Goerdeler), and since 1999, it has expanded its business areas beyond the US and Europe to the Middle East, Africa, and Asia regions.

Ranked among the world's top four consulting firms, KPMG currently has member firms in 146 countries and employs more than 140,000 people.

KPMG conducted a multifaceted evaluation using the 'income approach,' which assesses intrinsic earnings through cash flow; the 'market approach,' which uses the GPC (Guideline Public Company) method comparing similar business platforms; and the 'cost approach,' which analyzes based on reproduction or cost value indicators.

Hallyu Bank was also evaluated in three sectors it operates: the Hallyu platform (FNS) business, ERP business, and blockchain technology area.

These include ▲ the Hallyu culture business and advertising business through the global Hallyu fan community platform 'FANTOO' under 'FNS,' ▲ the groupware, ERP, and IB business 'E-Daeri,' which provides management solutions for small and venture companies, and ▲ the pay, fintech, and coin listing (KDC) businesses utilizing the Hallyu culture's blockchain ecosystem 'Fandom Chain.' Notably, KDC (Kingdom Coin) through Fandom Chain is currently listed on global coin exchanges such as E-LBank and XT.com, and this year, additional listings on 3 to 4 major domestic and international exchanges are being pursued.

A Hallyu Bank official stated, “It is significant that through KPMG’s corporate value evaluation report, Hallyu Bank’s progress in various 4th industrial sectors such as Hallyu, AI, blockchain, and metaverse was assessed and its potential achievements recognized.” He added, “Starting with the second opening of FANTOO on the 30th, we will deliver the value of Hallyu to 150 million Hallyu fans worldwide.” Furthermore, he said, “Through next year’s Nasdaq listing, we will continue activities to expand business areas such as R&D, investment, and payment, as well as enhance Hallyu culture and corporate value.”