BAKU, Azerbaijan, October 6. Agency of
Kazakhstan for Regulation and Development of the Financial Market
and South Korean financial company Hanwha Life discussed prospects
for expanding the company's presence in Kazakhstan's financial
market, the agency said on October 5.


Chairwoman of the Agency Madina Abylkassymova held a meeting
with representatives of Hanwha Life, one of South Korea's leading
financial companies and part of the Hanwha Group financial and
industrial conglomerate.


The Korean delegation was led by Kang Bumdu, Managing Director
and Head of Hanwha Life's representative office for the Middle East
and North Africa.


The sides also discussed potential areas for long-term
cooperation in financial technologies and digital financial
instruments.


Representatives of Hanwha Life shared the company's experience
in developing digital financial solutions, tokenization of
financial instruments and the introduction of modern digital
services.


"Attracting foreign financial organizations contributes to the
development of competition, the introduction of modern technologies
and improving the quality of financial services for the population
and businesses," Abylkassymova said.


The sides also discussed further development of Kazakhstan's
regulatory framework for digital financial assets.







Hanwha Group is one of South Korea's largest financial and
industrial groups. Founded in 1952, the group operates in defense
and aerospace, energy and shipbuilding, financial services, as well
as technology and service sectors. Hanwha Corporation is the
group's flagship company.


Abylkassymova also held a meeting with representatives of
Presight AI, led by CEO Thomas Pramotedham.


The sides discussed the development of tokenization, the use of
digital financial assets and modern technological solutions in the
financial sector.


The development of these areas could expand investment
instruments, improve the efficiency of financial operations and
enhance risk management, according to the agency.


The meeting also highlighted that the introduction of digital
innovations requires further development of the regulatory
framework, greater transparency of operations and stronger
protection of the rights of financial services consumers.