Kim Dong-won (left), chief innovation officer of Hanwha Life, talks with Takashi Okita, CEO of SBI Ripple Asia, a Japan-based crytocurrency and blockchain company, at the “Hanwha Night” event held on the sidelines of the Boao Forum in Boao, China, Tuesday. [Photo provided by Hanwha Group]
South Korea’s eighth largest conglomerate Hanwha Group hosted an official roundtable session at the Boao Forum for Asia (BFA) in China on the theme of blockchain ecosystem.
According to the group, Hanwha held on Wednesday a separate session at the BFA with 15 blockchain experts from 10 countries, including Korea, China, Japan, Germany and the United States. The panelists discussed the formation of the current global blockchain ecosystem and its potential for further growth.
The company said it also hosted a “Hanwha Night” session on Tuesday for 30 blockchain experts to facilitate networking.
During the forum, Kim Dong-won, chief innovation officer at Hanwha Life Insurance and second son of Hanwha Group Chairman Kim Seung-yeon, attended a roundtable session of global business leaders hosted by Chinese President Xi Jinping. He was one of the 50 leaders invited to the event, including Derong Chen, president of China Baowu Steel Group; Minsheng Yang, executive chairman at China Life Insurance Company; Siqing Chen, chairman of Bank of China; and Takeshi Uchiyamada, chairman of the board at Toyota Motor.
Kim was also on the Young Business Leader list at the 2016 BFA and served as a panelist on the forum for three years in a row, according to the company.
Hanwha Life Insurance recently formed a blockchain taskforce team to identify new businesses and process innovations using blockchain technology and has been on the lookout for new talent and investment opportunities with an aim to foster the blockchain ecosystem.
Dubbed the “Asian Davos,” the Boao Forum for Asia is an annual global summit held in Boao, south China’s Hainan province, and is attended by heads of state, business leaders and academics across Asia. The 18th round was held from April 8 to 11 under the theme “An Open and Innovative Asia for a World of Greater Prosperity” and Hanwha Group has attended the forum for five straight years. Ban Ki-moon, the former United Nations secretary-general, was appointed chairman of the BFA for a three-year term.
By Kang Doo-soon and Kim Hyo-jin
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