Chainlink Signs Partnership With LG CNS on Korean Stablecoins and Tokenization

Chainlink and LG CNS, the technology arm of South Korea’s LG Group (which holds ₩186 trillion in assets across 63 affiliates), announced a formal strategic partnership on Oct. 22 to integrate the full Chainlink platform into digital asset systems built for Korean institutions. The agreement expands on an Oct. 6 memorandum of understanding tied to LG CNS's KITL blockchain platform, focusing on widening Korean stablecoin distribution and establishing technical standards for regulated digital assets in a market the companies value at $68B with more than 11M eligible crypto traders. LG CNS serves as the lead contractor for the Bank of Korea’s Project Hangang digital currency initiative, which included about 80,000 customers across seven Korean banks during its first phase, and plans to incorporate Chainlink’s oracle and cross-chain infrastructure into its platform. The two companies did not disclose financial terms or a target date for when Chainlink’s tools will go live on the LG CNS platform. "Korea’s financial infrastructure is entering the tokenization era." — Hongkeun Kim, Executive Vice President and Head of the Digital Business Division at LG CNS.