• Agreement simultaneously ensures security and user accessibility through integration of public and private blockchains, initiating Web3 B2B solutions
• NEAR Protocol accelerates Web3 business expansion in Korea through collaboration with customers of SK Inc. C&C

SEOUL, South Korea, Sept. 21, 2023 /PRNewswire/ — NEAR Foundation has announced a strategic business partnership with SK Inc. C&C, a global leader in the IT industry and a provider of comprehensive technology and industry platform-based solutions for the expansion of Web3 business.

Through this agreement, NEAR Foundation and SK Inc. C&C aim to enhance their capabilities to expand the Web3 business domain by joint research and cooperation in blockchain technology across various industry sectors, business network enhancement, and co-marketing and event initiatives to raise brand awareness and activate the ecosystem.

NEAR Protocol, a global Layer 1 open source blockchain protocol known for its strong usability, supports the seamless transition between public and private blockchains. This simultaneously satisfies the needs of enterprises where both security and accessibility are vital, while also providing enhanced accessibility to users. By integrating with SK Inc. C&C’s blockchain platform, a hybrid Web3 ecosystem supporting both public and private blockchains is anticipated.

Furthermore they will continue to collaborate closely to promote mutual growth, secure momentum, and lead the Web3 industry across financial, gaming, content, distribution, and more. In SK Inc.

C&C’s global market expansion, NEAR Foundation’s network will be leveraged to strengthen their technological and business growth, connecting with SK Inc. C&C’s local corporate clients to accelerate the recruitment of outstanding companies in the Korean market.

Cheol Choi, Head of the Web3 and Convergence Group at SK Inc.C&C, stated: “Various attempts are being made to discover Web3 services connected with public blockchains across various industries, including public, financial, manufacturing, and distribution sectors. Starting with NEAR Protocol, we will strengthen our collaboration with already market-validated public blockchain companies and embark on expanding the Web3 service ecosystem.”

Expressing her support for the partnership, Marieke Flament, CEO of NEAR Foundation, said:  “I am very pleased to collaborate with a leading company in South Korea’s IT industry like SK Inc.C&C. This partnership is expected to serve as a significant milestone, leading to the emergence of various use cases and the creation of a user-centric ecosystem.”

Scott Lee, General Manager, NEAR Korea, emphasized, “NEAR Protocol is actively making moves to conquer the Korean market. As evidenced by the management team’s visit to Korea during Korea Blockchain Week (KBW), where discussions were held with leading companies in various industries, we expect significant results initially led by SK Inc.C&C.”

More information can be found on the NEAR Protocol’s official Website, Blog and Twitter.

Press Contacts

Georgia Hanias
PR for NEAR Foundation

Luis Shin / Manager
NEAR Korea

About SK Inc. C&C:

SK Inc. C&C is spearheading the growth and development of the domestic IT service industry across all sectors, including telecommunications, finance, manufacturing, and services.

Aiming to become Korea’s No. 1 Digital ITS Partner, SK Inc. C&C develops in line with its customers’ needs via digital convergence based on its central ITS business.

For more information, please visit : 

About NEAR Foundation: 

NEAR Foundation is a non-profit that supports the growth and development of the NEAR ecosystem and the Blockchain Operating System (BOS), a full stack Web3 development and app distribution platform at the heart of an open web. The BOS is compatible with all blockchains, making it the entry point to the open web for users and developers alike. Founded on the principles of openness and sustainability, the NEAR Foundation is driven by the vision of putting information and technology in the service of humanity rather than political or corporate interests.

For more information, please visit: NEAR Foundation 

About NEAR Korea:

NEAR Korea is a multi-function regional hub that manages the overall business in Korea and East Asia. Specifically, NEAR Korea Hub supports project onboarding, fostering developer community, marketing, and more.

For more information, please visit: NEAR Korea