South Korean financial institution Shinhan Financial Group’s credit card subsidiary announced Friday that all of its employees are headed to the metaverse for training on data usage in business operations.

See related article: S. Korean, S. African banks team up for stablecoin-based remittances

Fast facts

  • Shinhan Card employees will complete missions on the metaverse to better understand the company’s new vision: “More friendly, more secure, more creative.”
  • Shinhan Bank launched a beta version of its own metaverse earlier this week, becoming the first major financial institution in South Korea to establish a metaverse platform.
  • South Korean banks such as KB, Hana, Woori and NH Nonghyup have forayed into the metaverse business.

See related article: South Korea’s KB Bank unveils a metaverse bank testbed