{"id":2206363,"date":"2024-09-04T08:00:50","date_gmt":"2024-09-03T23:00:50","guid":{"rendered":"https:\/\/koreapro.org\/?p=2206363"},"modified":"2024-09-03T17:36:56","modified_gmt":"2024-09-03T08:36:56","slug":"sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/","title":{"rendered":"SK Telecom and Hana Financial invest in BitGo Korea to enter crypto market"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Hana Financial Group and SK Telecom have <\/span><a href=\"https:\/\/www.yna.co.kr\/view\/AKR20240903074600002\"><span style=\"font-weight: 400;\">reportedly acquired<\/span><\/a><span style=\"font-weight: 400;\"> stakes in BitGo Korea, becoming major shareholders in the digital asset custody firm. Hana Financial secured a 25% stake, while SK Telecom took a 10% stake, as announced by BitGo CEO Mike Belshe at the Korea Blockchain Week 2024 in Seoul. The move aims to strengthen BitGo Korea\u2019s position in the digital asset market and promote the institutionalization of virtual assets in South Korea.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BitGo Korea stated that the strategic investments by Hana Financial and SK Telecom underscore the growing importance of regulatory compliance in the virtual asset sector. The partnership will leverage BitGo\u2019s global expertise in digital asset technology and Hana Financial&#8217;s financial services and compliance experience to enhance the security and transparency of digital asset transactions.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Hana Financial Group and SK Telecom\u2019s investment in BitGo Korea is part of a <\/span><a href=\"https:\/\/www.fidelity.com\/crypto\/trading\"><span style=\"font-weight: 400;\">global<\/span><\/a> <a href=\"https:\/\/www.jpmorgan.com\/onyx\/coin-system\"><span style=\"font-weight: 400;\">trend<\/span><\/a><span style=\"font-weight: 400;\"> of traditional financial institutions entering the digital asset space. This investment signals traditional South Korean companies\u2019 willingness to adopt digital assets into their portfolio. Additionally, Hana and SK\u2019s entry into the digital asset space may encourage other financial and tech firms to explore similar partnerships or investments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The involvement of major companies may prompt the South Korean government to introduce clearer regulations and standards for digital assets. To date, South Korea has taken a cautious approach, implementing measures like <\/span><a href=\"https:\/\/www.fsc.go.kr\/eng\/pr010101\/22173\"><span style=\"font-weight: 400;\">real-name account requirements<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.fsc.go.kr\/eng\/pr010101\/22183\"><span style=\"font-weight: 400;\">anti-money laundering compliance<\/span><\/a><span style=\"font-weight: 400;\"> for exchanges. With Hana and SK\u2019s participation, the Financial Services Commission may develop more comprehensive guidelines for digital asset custody and investor protection.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/technology-cyber\/\"><span class=\"tag\">Technology &amp; Cyber<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Hana Financial Group and SK Telecom have reportedly acquired stakes in BitGo Korea, becoming major shareholders in the digital asset custody firm. Hana Financial secured a 25% stake, while SK Telecom took a 10% stake, as announced by BitGo CEO Mike Belshe at the Korea Blockchain Week 2024 in Seoul. The move aims to strengthen [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2206364,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,29],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SK Telecom and Hana Financial invest in BitGo Korea to enter crypto market - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SK Telecom and Hana Financial invest in BitGo Korea to enter crypto market - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"Hana Financial Group and SK Telecom have reportedly acquired stakes in BitGo Korea, becoming major shareholders in the digital asset custody firm. Hana Financial secured a 25% stake, while SK Telecom took a 10% stake, as announced by BitGo CEO Mike Belshe at the Korea Blockchain Week 2024 in Seoul. The move aims to strengthen [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/\" \/>\n<meta property=\"og:site_name\" content=\"KOREA PRO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nknewsorg\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-03T23:00:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-03T08:36:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1870\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"johnleenknews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:site\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"KOREA PRO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d\"},\"headline\":\"SK Telecom and Hana Financial invest in BitGo Korea to enter crypto market\",\"datePublished\":\"2024-09-03T23:00:50+00:00\",\"dateModified\":\"2024-09-03T08:36:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/\"},\"wordCount\":271,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-2.png\",\"keywords\":[\"Business &amp; Economy\",\"Technology &amp; Cyber\"],\"articleSection\":[\"Briefings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/\",\"url\":\"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/\",\"name\":\"SK Telecom and Hana Financial invest in BitGo Korea to enter crypto market - KOREA PRO\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-2.png\",\"datePublished\":\"2024-09-03T23:00:50+00:00\",\"dateModified\":\"2024-09-03T08:36:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/#primaryimage\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-2.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-2.png\",\"width\":1870,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/koreapro.org\/2024\/09\/sk-telecom-and-hana-financial-invest-in-bitgo-korea-to-enter-crypto-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/koreapro.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SK Telecom and Hana Financial invest in BitGo Korea to enter crypto market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/koreapro.org\/#website\",\"url\":\"https:\/\/koreapro.org\/\",\"name\":\"KOREA PRO\",\"description\":\"Be smart about South Korea. 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