Chainlink Teams Up With LG CNS to Build Out Korea's Digital Asset Infrastructure

Chainlink has landed a partnership with one of South Korea's largest corporate groups.

What happened

Chainlink announced a strategic partnership with LG CNS, the IT services and AI arm of LG Group, The Block reported Thursday. LG CNS will build Chainlink's cross-chain, data and orchestration tools into the digital asset platforms it offers to Korean institutions.

The two companies also said they will work on expanding the use and distribution of Korean stablecoins, a segment The Block described as having more than 11 million eligible users, and on helping develop the country's digital asset framework.

"Korea's financial infrastructure is entering the tokenization era," said Hongkeun Kim, executive vice president and head of the digital business division at LG CNS, according to the announcement. He said the partnership aims to speed up the growth of Korea's tokenized securities market.

The backdrop

South Korea does not yet have a clear legal basis for issuing and trading stablecoins tied to the won. Lawmakers and the government are working on the Digital Asset Basic Act, which would set rules for won stablecoins and other parts of the market, according to The Block.

LG CNS also leads the technology work on Project Hangang, the Bank of Korea's digital currency pilot. The announcement did not say Chainlink would be part of that project.

Why it matters for crypto

Korea is one of the world's most active crypto markets, which The Block put at about $68 billion. A tie-up with a major conglomerate's tech arm gives Chainlink a foothold with Korean institutions as the country moves toward formal rules for stablecoins and tokenized assets. The Block's market ticker showed LINK near $12.12 late Thursday.