South Korea is well positioned to emerge as a global hub for the new digital financial order as blockchain and digital assets reshape the foundations of the global financial system, according to Herald Media Group CEO Choi Jin-young on Monday.
"We are standing at a turning point in the history of finance, where a new chapter is being written. Finance has evolved through continuous innovation, driven by the pursuit of faster, safer and more efficient ways to exchange value," Choi said during an opening speech at the Herald Media Group's inaugural World Digital Assets Forum held at The Grand Lotte Seoul.
"Today, we are witnessing another moment of fundamental transformation — the emergence of a new financial order shaped by blockchain and digital assets," he said.
Choi likened the current evolution of digital assets to the early days of the internet, suggesting that the technology is still at the beginning of a broader transformation.
"The transformation we are witnessing goes far beyond the emergence of new investment products. It is about fundamentally reshaping how assets are issued, owned and transferred — and, ultimately, how the financial system itself operates," he said.
Choi said Korea is at a critical juncture as it works to establish regulatory frameworks for the emerging digital asset ecosystem, adding that the transition presents an opportunity for the country to take a leading role in shaping the new financial regime.
"With its world-class digital infrastructure, highly skilled workforce and dynamic financial and fintech industries, complemented by sound regulatory frameworks and international cooperation, Korea has the potential to become a global hub for the emerging digital financial order."
silverstar@heraldcorp.com
