iM Bank Signs Strategic Partnership with Darwin KS for "Digital Asset Financial Innovation"

On September 2, iM Bank announced that it had signed a "strategic business partnership for digital asset financial innovation" with blockchain specialist Darwin KS at the iM Financial Center.

This agreement aims to provide differentiated digital financial experiences and services to domestic and international consumers by leveraging iM Bank's financial expertise and infrastructure, as well as Darwin KS's ICT regulatory sandbox solutions, including the "digital asset ATM & POS integrated with a blockchain platform" and the "AI facial recognition-based non-face-to-face real-name authentication service."

Darwin KS, based on its ICT regulatory sandbox approval, has secured an exclusive position in the digital asset ATM and POS sector and is currently operating "digital asset ATMs" at key locations in Seoul and Busan.

Jung-Hoon Kang, Executive Vice President of the Management Planning Group at iM Bank, and Jong-Myung Lee, CEO of Darwin KS, are posing for a commemorative photo. iM Bank

Under the agreement, the two companies plan to establish a strategic partnership and respond jointly in areas such as co-investment and development of digital asset-based financial services, discovering innovative models through the regulatory sandbox, providing specialized financial services for foreign customers, advertising and operating simple payment services using "digital asset ATMs," and issuing Korean won stablecoins.

Jong-Myung Lee, CEO of Darwin KS, stated, "Through our collaboration with iM Bank, we will commercialize new digital asset-based financial models and strengthen our competitiveness in both domestic and international markets."

Byung-Woo Hwang, President of iM Bank, said, "Through this meaningful agreement, in which both companies share common values for the development of the digital financial ecosystem, we aim to respond swiftly to the most pressing issue in the current financial market: digital asset finance. We expect that developing and providing innovative financial services for domestic and international customers will enable us to diversify our business model, and we will strive to develop and offer innovative and differentiated services to customers nationwide."