Gate News message, April 15 — KKR has announced a definitive agreement to acquire 1.22 trillion Korean won (approximately $820 million) in newly issued convertible bonds from Samsung SDS, a blockchain and IT financial services subsidiary of Samsung, according to CNBC.
Samsung SDS launched digital transformation experience services in 2020, including a blockchain platform. The company has co-developed blockchain-driven certificate services with Shinhan Bank and serves as a technical advisor for South Korea’s central bank-led CBDC pilot project.
KKR will provide Samsung SDS with advisory services in mergers and acquisitions, capital allocation, artificial intelligence products, and global expansion, while accelerating investments in AI infrastructure development.
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