Key Points:

1. Partnership Agreement:
   • Woori Bank and BuySell Standard have entered into a business agreement to promote token securities and fractional investment services.
   • The two companies will collaborate on account management, partnership marketing, participation in councils, innovative financial services, and financial investments.
2. Infrastructure and Market Competitiveness:
   • Woori Bank aims to secure the necessary infrastructure for advancing its token securities business.
   • BuySell Standard focuses on strengthening its competitiveness in the token securities market.
   • BuySell Standard is one of seven companies approved by the Financial Services Commission to provide token securities fractional investment services.
3. Fractional Investment Market:
   • BuySell Standard has gained attention for its fractional investments in tangible assets like luxury watches and artworks.
   • In the two years since launching its fractional investment service, it has conducted 22 public offerings with an average return of 29%.
   • Recently, it partnered with WeMakePrice to launch the country’s first ‘Mutual Finance No. 1’ product and is also working on the first ship finance product, traditionally an exclusive domain for institutional investors.
4. Interview with BuySell Standard’s Representative:
   • Current Market Status:
     • Internationally, the fractional investment market is developed around corporate fundraising and the bond market, while in Korea, it focuses on tangible assets like artworks and Korean beef.
     • The market can be divided into three stages: Phase 1 (tangibles fractionation), Phase 2 (fractional securities), and Phase 3 (securities tokenization). Korea is currently in phases 2 to 2.5.
     • For growth, Korea needs an environment that supports the issuance of various underlying assets.
   • Improvements Needed:
     • Supplementary Requirements:
       • Expand the scope of issuing investment contract securities.
       • Simplify the securities reporting process by eliminating unnecessary administrative procedures.
       • Allow the circulation of investment contract securities to enhance investor protection and create exit strategies.
       • Reduce the investment period for artworks to increase investor autonomy.
   • Long-term Vision:
     • Expand into a ‘digital asset management company.’
     • Develop into a comprehensive financial institution, specializing in investment through an internet-only bank.
     • Establish the ‘Piece Bank’ platform.

Expected Benefits:

• The collaboration between Woori Bank and BuySell Standard is anticipated to invigorate the token securities and fractional investment market.
• Woori Bank will officially embark on its token securities business, while BuySell Standard will enhance its market competitiveness.
• Investors will gain new investment opportunities, contributing to the diversification of the financial market.