South Korea's LG and Financial Group KB form a joint venture to develop blockchain solutions such as payment

Recently, South Korea's LG Group and KB Financial Group have signed a memorandum of understanding to establish a joint venture in the field of blockchain technology and artificial intelligence (AI). The two companies will jointly develop a variety of blockchain-based solutions, including blockchain based payments and automated insurance compensation. In addition, LG subsidiary LG CNS has also joined the enterprise Ethereum Alliance (EEA).