South Korea’s bank KEB Hana joins The Sandbox

South Korea’s KEB Hana bank has partnered with The Sandbox as part of its plan to expand global business in the banking industry within the Metaverse. Together, the duo will work together on a business plan and build a virtual branch to offer basic banking services in the Metaverse.

Besides being able to access the virtual bank, users can buy virtual lands and earn money from them. They can also access basic banking services including advice on investments, experience coloration opportunities and other services and banking products by KED Hana.

Established in 1967 in Seoul, South Korea, KEB Hana  offers its domestic clients the largest range of foreign exchange products and possesses the most valuable assets in the treasury.

The Hana Financial Group is also growing its presence in K-Verse, a virtual space with a host of Korean content that allows companies to connect with younger customers more meaningfully.

Jung Kin, Deputy President of KEB Hana Bank, says, ‘The metaverse is the way people will experience Web3, and we want to be a part of this new trend. This partnership can open a door for a brand-new type of service, especially for the young generations.'

The announcement comes after South Korea’s pledge to invest millions of dollars in Web3 and the Metaverse and four months after British bank HSBC entered the Sandbox Metaverse.

Photo: The Sandbox