Summary
- Jin Ok-dong, chairman of Shinhan Financial Group, emphasized stablecoin, AI, and ERP as core drivers of financial service innovation.
- Shinhan Financial stated its policy to actively respond to digital asset market trends and stablecoin business strategy, embedded finance, ERP banking, and changes in the regulatory environment.
- Chairman Jin said that digital transformation and changes in the regulatory environment will redefine the competitiveness of financial firms and that he will take the lead in securing global competitiveness.
Invited about 30 financial analysts
Shared management issues and growth strategies
Emphasized stablecoin, AI, ERP
"A core driving force that creates new value"
Jin Ok-dong, chairman of Shinhan Financial Group (photo), expressed his intention to actively utilize stablecoin, artificial intelligence (AI) agents, and enterprise resource planning (ERP) in financial service innovation.
At the 'Analyst Day' he held by inviting about 30 financial analysts to Jeju Island on the 28th–29th, Chairman Jin said, "Stablecoin, AI agents, and ERP are core driving forces that reorganize the fundamental functions of finance and create 'new customer-centered value,'" adding, "Based on this, we will focus on creative and practical financial service innovation to build a sustainable financial ecosystem."
It is notable that he mentioned stablecoin as a growth driver. Chairman Jin has shown strong interest in stablecoin, including meeting with Heath Tarbert, president of Circle, on the 22nd. Circle is the issuer of USD Coin (USDC), the world's second-largest dollar stablecoin. Shinhan Financial also invited Kim Min-seung, head of the Research Center at partner cryptocurrency exchange Korbit, as a speaker at the event. Kim explained trends in the global digital asset market.
Shinhan Financial set the theme of this event as "Digital paradigm shift and the financial sector's response," signaling its intention to swiftly pursue digital innovation strategies. In addition to digital assets, it covered topics such as stablecoin business strategy, the status of embedded finance and ERP banking, and the outlook for the financial industry amid changes in the regulatory environment.
Chairman Jin said, "Digital transformation and changes in the regulatory environment are a massive trend that redefines the fundamental competitiveness of financial firms," and added, "We will take the lead to ensure that Korean finance can secure competitiveness on the global stage."
Reporter Kim Jin-seong jskim1028@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
