Chainlink Partners With LG CNS to Advance Korea's Digital Asset Infrastructure

Chainlink has announced a strategic partnership with LG CNS, a prominent IT service company and the lead contractor for the Bank of Korea's Project Hangang digital currency platform, to build regulated digital asset solutions and advance technical standards in South Korea.

According to the announcement published on October 22, 2026, the collaboration aims to support Korea's digital asset market, which involves more than 11 million eligible users. The initiative combines Chainlink's oracle and cross-chain infrastructure with LG CNS's digital asset platform solutions for local financial institutions.

Core Partnership Focus Areas

• Oracle Infrastructure: Integrating Chainlink's cross-chain and data connectivity tools into the LG CNS Digital Asset Platform Solution.
• Technical Standards: Combining expertise to help define next-generation technical standards for the Korean digital asset economy.
• Institutional Solutions: Developing interoperability and cross-chain standards to scale regulated digital assets securely.

Background on Project Hangang and Institutional Roles

LG CNS serves as the lead contractor for the Bank of Korea's flagship digital currency initiative, Project Hangang, which previously involved approximately 80,000 customers across seven Korean banks. Through this new arrangement, LG CNS plans to integrate Chainlink's infrastructure to expand its institutional digital currency capabilities.

Executives from both organizations highlighted the strategic significance of the collaboration. Johann Eid, Chief Business Officer at Chainlink Labs, noted that the partnership establishes a foundation for compliant digital asset infrastructure in one of the world's most technologically advanced markets. Hongkeun Kim, Executive Vice President and head of the Digital Business Division at LG CNS, emphasized the company's commitment to leading Korea's transition into the tokenization era.

Practical Implications and Verification

Observers and financial institutions can verify the original announcement through official corporate press releases issued by Chainlink and LG CNS. Stakeholders should review official documentation and regulatory guidelines to understand how technical standards and digital asset solutions are implemented locally.