Busan City and Hyundai Pay Wednesday signed a memorandum of agreement to activate blockchain and fintech business.
Under the agreement, Hyundai Pay would relocate its head office by 2021. The port city would provide administrative and financial assistance to Hyundai Pay for relocation.
The two would join hands to foster blockchain and fintech business in the city.
Hyundai Pay is the fintech company, which retains blockchain core technologies, blockchain-based platform, and digital wallets.