Editor’s Note
Korea Electronic Gold & Currency has expanded its presence with a new research branch in Seoul’s premier Jongno 3-ga precious metals district, underscoring its strategic focus on the heart of the country’s jewelry trade.
Korea Electronic Gold & Currency (CEO Kang Yong-su) announced on the 23rd that it has opened a research branch in the Jongno 3-ga precious metals district in Seoul, the largest jewelry complex in Korea.
The company explained that through the co-located community, including gold exchanges and precious metal analysis and appraisal institutes, it can actively exhibit and distribute its flagship product, the AI gold coin ‘Smart Gold Coin’. It also stated that the location provides optimal conditions for collaboration with various master craftsmen related to gold within the complex.
The Jongno precious metals district is a place with historical traditions established in the 1960s. It is considered a representative Korean landmark. Furthermore, it is the world’s only cluster-type jewelry industry mecca where manufacturing, wholesale, retail, and design of precious metals all take place in a single complex, with 40% of Korea’s practitioners concentrated here. It is also Seoul’s primary and central commercial district with explosive potential, having accounted for 80% of the nation’s precious metal transaction volume in the past.
Korea Electronic Gold & Currency, with AI gold coin expert researchers at its core, has recently completed domestic and international patent applications and trademark registrations, including technology development related to gold balls. ‘Smart Gold Coin’ refers to a physical AI gold coin product that can be traded digitally like Bitcoin and Ethereum, and is recently being evaluated as a new digital asset class.