Four major banks in South Korea will provide foreign exchange rate data for DeFi platforms

According to the Korean media ddaily, four large Korean banks (Shinhan Bank, IBK Bank, KEB Hana Bank, and NH Bank) will participate in a joint project involving cooperation with Chainlink (LINK) and South Korean financial technology platform Center Prime. The bank will input the USD/KRW exchange rate data into the Chainlink node in real time, allowing DeFi service providers to access the decentralized exchange rate data when creating smart contracts on the blockchain platform. All four banks have shown active interest in blockchain technology, but this is the first time they have made meaningful investments in the DeFi field.