Korea Investment & Securities Co. said on the 26th that it signed a memorandum of understanding (MOU) with the virtual asset exchange Bithumb to provide wealth management services.
The signing ceremony, held on the 24th at Korea Investment & Securities Co.'s headquarters in Yeouido, Seoul, was attended by the chief executive officers of both companies and other key officials. Bithumb is a leading domestic virtual asset exchange established in 2014.
Through this agreement, the two companies decided to cooperate in various ways to provide customized wealth management services for customers. Korea Investment & Securities Co. said it plans to hold regular conferences to offer various wealth management insights and broaden the service base by cross-providing content that the two companies have accumulated in their respective fields of securities and virtual assets.
Previously, Korea Investment & Securities Co., through its dedicated organization for ultra-high-net-worth clients, GWM (Global Wealth Management), held two conferences for Bithumb customers. In addition to customized consulting on taxation and real estate, it covered a wide range of areas, including asset succession solutions using family corporations and value investing in artworks, drawing strong interest from high-net-worth investors.
Kim Seong-hwan, the chief executive of Korea Investment & Securities Co., said, "We expect to be able to provide customers with a wide range of digital wealth management services through cooperation with Bithumb," and added, "With this agreement as a starting point, we plan to continuously expand the areas of collaboration between the two companies."