Japanese bank SBI Holdings advances into Korean market after appointing former Bank of Korea employee as executive

The cryptocurrency division of SBI Holdings, a major Japanese bank, has appointed a former Bank of Korea employee as an executive in order to enter the Korean market, cryptocurrency media outlet The Block reported on the 10th (currently
According to the report, SBI Digital Market has appointed Byun Jae-yeon, a former head of the international planning team at the Bank of Korea, as its chief consultant and will be responsible for market regulation in Korea.
During his time at the bank, he was in charge of international policy planning and foreign exchange analysis, and also served as chief representative of the Bank of Korea's Washington DC representative office.
He served as an advisory committee member for SBI Digital Market, a subsidiary of SBI Digital Asset Holdings, Inc., in 2023. Prior to joining SBI, he was a director at Northern
"He has extensive experience and a deep understanding of the Korean market," said Winston Kwek Ki-yock Han, CEO of SBI Digital Market.
"Through this appointment, SBI is committed to protecting the interests of its institutional investors and partners."
To achieve this, the company plans to strengthen governance and regulatory compliance standards.