Hana Financial Group, Dunamu, and POSCO International have entered into a strategic partnership aimed at developing a blockchain-powered overseas remittance service by combining expertise from the financial, industrial, and digital asset sectors. The three companies signed a memorandum of understanding on April 29 as part of efforts to modernize cross-border payment systems and improve the efficiency of international money transfers.
The collaboration is centered on integrating Hana Financial Group’s global foreign-exchange infrastructure, POSCO International’s worldwide trade and supply chain network, and Dunamu’s blockchain technology capabilities. Through the partnership, the companies intend to create a real-time overseas remittance system supported by blockchain infrastructure while also testing its operational effectiveness in real-world financial environments where actual funds are transferred.
The partnership aims to develop a blockchain-based real-time remittance platform by combining financial infrastructure, industrial supply chains, and digital asset technology into a unified payment ecosystem. The initiative reflects growing interest among large corporations and financial institutions in applying blockchain technology to cross-border payments, an area often criticized for slow settlement speeds and high transaction costs.
Executives Emphasize Digital Finance Collaboration
During the signing ceremony, Hana Financial Group Vice Chairman Lee Eun-hyung reportedly stated that the initiative represented an opportunity for the finance, industrial, and digital asset sectors to converge through practical collaboration. He indicated that the companies planned to generate new business value by commercializing the blockchain remittance service after successful testing and verification.
POSCO International Chief Executive Officer Lee Kye-in reportedly explained that the agreement established a foundation for long-term cooperation in digital finance and blockchain-related services. He added that POSCO International intended to broaden its participation within the emerging digital finance ecosystem through the partnership and contribute to the development of practical blockchain applications for global commerce.
Meanwhile, Dunamu Chief Executive Officer Oh Kyung-seok reportedly said the company would support the creation of a more transparent and efficient financial environment through its Giwa Chain technology infrastructure. The blockchain platform is expected to serve as a key technical foundation for the remittance service under development.
Roles Divided Across the Three Companies
Under the terms of the agreement, the companies outlined several areas of cooperation that extend beyond simple remittance services. The partnership will reportedly focus on improving global cash management efficiency, enhancing payment systems, and identifying broader business opportunities connected to digital finance technologies.
Hana Financial Group will lead remittance service development using its international banking and foreign-exchange network, while POSCO International will provide trade-related testing environments and operational proof-of-concept support. Dunamu, meanwhile, will oversee blockchain infrastructure development and provide the technical systems necessary to support the platform’s operation.
The project is expected to proceed in multiple stages, beginning with proof-of-concept testing and evaluation before advancing toward broader commercial deployment. The companies also indicated that they plan to identify additional collaborative projects related to digital assets and blockchain-based financial services as the partnership evolves.
Focus on Global Expansion and Future Opportunities
The alliance reflects a broader trend among major Asian corporations seeking to integrate blockchain technology into mainstream financial services. Cross-border remittances have become a key focus area for blockchain adoption due to the technology’s ability to improve transaction speed, transparency, and operational efficiency compared to traditional financial systems.
The companies also plan to expand the initiative into global markets after completing additional testing and identifying new digital asset-based business opportunities. Industry analysts believe partnerships involving financial institutions, industrial firms, and blockchain companies could accelerate the commercialization of enterprise-level blockchain payment infrastructure in international markets.
As digital finance continues evolving, collaborations such as this are increasingly viewed as an important step toward bridging traditional finance with blockchain-powered financial ecosystems capable of supporting large-scale global transactions.
