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According to The Elec, South Korea's integrated payment company KG Financial (formerly KG Mobilians) announced that it has signed a strategic memorandum of understanding (MOU) with the Solana Foundation to jointly develop Web3-based digital asset payment infrastructure. The two parties have been exploring cooperation in the digital asset payment field since April and have conducted proof of concept (PoC) projects focused on stablecoin issuance and real-world payment services.