HANCOM announced on the 22nd that it has signed a memorandum of understanding (MOU) with Tokyo Kiraboshi Financial Group to expand its entry into the Japanese artificial intelligence (AI) market.
The purpose of this agreement is to broaden the understanding of the Japanese financial market and to specify HANCOM's business direction in Japan. The two companies plan to seek the localization of AI solutions and expand their business within Japan through a strategic partnership.
Tokyo Kiraboshi Financial Group is a financial holding company that operates Kiraboshi Bank and UI Bank, an internet-only bank, based in Tokyo, with a strong regional network throughout the metropolitan area.
Kim Yeonsu, representative of HANCOM, noted, "The Kiraboshi Group, based in Tokyo, is the only local bank that has a global system-based UI Bank, making it the optimal partner for HANCOM's AI solution localization and business expansion." He added, "This collaboration will serve as an opportunity to promote technology advancement and business expansion suitable for the Japanese market."