LG CNS, the technology arm of LG Group, entered a strategic partnership with Chainlink announced Oct. 22 to build infrastructure for Korea's $68B digital asset market (announcement, Chainlink post).

LG CNS, the technology arm of LG Group, entered a strategic partnership with Chainlink announced Oct. 22 to build infrastructure for Korea's $68B digital asset market (announcement, Chainlink post).

LG CNS will integrate Chainlink's cross-chain, data and orchestration infrastructure into its digital asset platform solution, and the two will collaborate on digital asset solutions for Korean institutions using the full Chainlink platform while advancing technical standards.

Chainlink described LG CNS as lead contractor for the Bank of Korea's Project Hangang digital currency initiative, whose first phase involved about 80,000 customers across seven Korean banks, and as part of LG Group with about ₩186 trillion in assets across 63 affiliates. Korea is framed as Asia's second-largest digital asset market, with the won consistently second in crypto trading volume behind the U.S. dollar (CoinMarketCap summary, Cointelegraph summary).

The stated goal is compliant digital asset infrastructure in Korea with scope for global expansion. No deal value, timeline or specific bank clients were disclosed in the material provided.