SHINHAN Bank

Shinhan Bank is the first traditional financial institution in South Korea to join Klaytn's governance council, which has more than 30 members so far. The bank is also the first institution of its kind among members including tech companies like LG Electronics and some major within the crypto domain like Binance . As being one of the largest financial entities, Shinhan Bank has emerged as a major commercial bank in South Korea involved in a wide number of digital currency and blockchain-related initiatives. In March, Shinhan completed a blockchain-based pilot platform for a central bank digital currency (CBDC) in partnership with LG Corporation' s IT services arm, LG CNS .