Sejong Telecom and Hyosung TNS Strengthen Cooperation to Promote Real Estate STO Business

(From left) Kim Geon-oh, Executive Director of Business Innovation Headquarters at Hyosung TNS, and Park Hyo-jin, Vice President and Head of Blockchain Business at Sejong Telecom, signed a business agreement on the 8th at the Hyosung TNS headquarters to strengthen the real estate STO business. / Photo by Sejong Telecom

Sejong Telecom (CEO Lee Byung-guk) consortium announced on the 12th that its real estate indirect investment and profit-sharing service 'BBRIC' signed a business agreement with Hyosung TNS (CEO Son Hyun-sik) on the 8th to revitalize the real estate STO business and strengthen profitability.

Through this agreement, Sejong Telecom will link the real estate fractional investment 'BBRIC' platform to Hyosung TNS's data information portal ‘NFT Town’ (www.nfttown.io). Following NFT data, NFT Town plans to display various fractional investment information scattered across the STO market in one place.

Sejong Telecom’s BBRIC will promote BBRIC investment products, events, and services on the real estate fractional investment channel within NFT Town, thereby expanding customer touchpoints and strengthening customer acquisition. It is also expected to enhance profitability through diversification of promotional channels. Customers can easily find investment information provided by platforms like BBRIC in one place, maximizing transaction convenience. Moreover, all actual transactions will be connected to the BBRIC platform without separate brokerage fees, enabling safe and simple participation in fractional investment.

Park Hyo-jin, Vice President and Head of Blockchain Business at Sejong Telecom, said, “Through this agreement, we will create an ecosystem where anyone can easily find, compare, and conveniently invest in fractional investment-related information.” He added, “BBRIC, Korea’s first STO service mirroring blockchain distributed ledgers to customer accounts, plans to continue efforts to diversify promotion and sales channels so that more customers can access stable and reliable real estate financial investment products.”

Hyosung TNS is the number one company in the domestic and U.S. cash automatic teller machine (ATM) market share, supplying financial automation solutions in 46 countries worldwide. In the blockchain sector, it operates the NFT specialized portal service NFT Town and plans to provide various STO information, including real estate fractional investment.

Kim Geon-o, Executive Director of Hyosung TNS, said, “Through this agreement, we plan to expand the data service area of NFT Town and contribute to revitalizing the real estate fractional investment market.”