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Crypto

Korea Gold Exchange Digital Asset, Hana Bank expand Hana Gold Trust eligibility to 18K, 14K

Korea Gold Exchange Digital Asset said on Sunday it will expand the list of items eligible for the Hana Gold Trust it operates with Hana Bank to include 18K and 14K gold, in addition to 24K. Eligible items include gold bars and jewellery such as rings and necklaces, with a minimum deposit weight of 30 grams. Deposited gold can be converted into a standard asset and returned as a 99.99 percent new gold bar after a one-year term.

AI & Enterprise

ITCEN Global says first-quarter revenue doubles, targets future finance with digital gold and stablecoin

ITCEN Global said on Thursday its first-quarter consolidated revenue totalled 3.29 trillion won, about 100 percent higher than a year earlier. It said its Web3 unit, led by Korea Gold Exchange, and its IT services business drove growth. Operating profit rose 193 percent to 99.2 billion won and net profit climbed 178 percent to 72.7 billion won. The company outlined plans for digital gold, a gold-backed wallet app and Japan-linked stablecoin research.

AI & Enterprise

Anam145 appoints former ITCEN Global vice president Choi Joong-geun as adviser

Web3 cybersecurity firm Anam145 said on May 7 it has appointed Choi Joong-geun (최중근), a former vice president at ITCEN Global, as an adviser. The company said Choi, a co-founding member of ITCEN Group, took part in efforts including the acquisition of Korea Gold Exchange and participation in a Busan digital asset exchange consortium. Anam145 said he will support the company’s growth as adviser.