## Section 1
Koocon (CEO Kim Jong-hyun, KOSDAQ 294570), a business data platform company, announced on the 21st that it is expanding global partnerships across Asia by joining ‘Asia FinTech Alliance (hereinafter AFA)’, Asia’s largest fintech council, as an Affiliate Member.
AFA is a council participated in by fintech associations from 15 major Asian countries, including Korea, Singapore, Japan, Taiwan, Indonesia, Malaysia, Thailand, and India. It aims to promote fintech [[KSTERM:혁신]], expand [[KSTERM:금융]] inclusion, and enhance [[KSTERM:연결성]] among Asian fintech ecosystems, and is regarded as a representative regional alliance organization that supports the sharing of regulatory trends in each country and networking among industry leaders.
AFA operates with a structure where individual companies do not directly [[KSTERM:가입]], but acquire Affiliate Member status through national associations. Koocon joined AFA through the Korea FinTech Industry Association, thereby securing a foundation for [[KSTERM:협력]] with fintech networks in 15 Asian countries.
This [[KSTERM:가입]] is expected to create substantial synergy, aligning with Koocon’s ongoing strategy to expand its global pay [[KSTERM:사업]]. Koocon is continuously enhancing its global [[KSTERM:결제]] infrastructure capabilities by integrating with major global payment companies such as WeChat Pay, UnionPay, and QRIS, Indonesia’s standard QR [[KSTERM:결제]] system.
Going forward, Koocon aims to partner with over 50 global payment companies in 20 countries worldwide, including major Asian regions. In particular, it plans to actively discover [[KSTERM:협력]] opportunities with promising Asian companies based on the AFA network and further solidify its [[KSTERM:입지]] within the global [[KSTERM:결제]] ecosystem.
Furthermore, Koocon plans to establish a strategic base in the Asian market through the [[KSTERM:설립]] of a Singapore subsidiary within the year, and gradually expand its global business from there. Utilizing the network secured through AFA, it intends to build a [[KSTERM:결제]] infrastructure [[KSTERM:협력]] model optimized for local environments and strengthen its role as a key infrastructure partner supporting the entry of foreign payment companies into the Korean market.
Kim Jong-hyun, CEO of Koocon, stated, “Through this AFA [[KSTERM:가입]], we have further strengthened [[KSTERM:협력]] relationships with promising fintech companies across Asia.” He added, “We will actively leverage the various opportunities gained through the alliance to accelerate our global pay [[KSTERM:사업]].” He further commented, “By combining the establishment of our Singapore base with the AFA network, we aim to contribute to enhancing the [[KSTERM:연결성]] of the Asian fintech market.”
## Section 2
Koocon’s [[KSTERM:가입]] in the Asia FinTech Alliance and the [[KSTERM:설립]] of its Singapore subsidiary are interpreted as strategic steps to solidify its [[KSTERM:입지]] in the global fintech market, extending beyond Asia. It remains to be seen whether Koocon will grow into a key player in the global [[KSTERM:결제]] ecosystem based on AFA’s strong network.
It remains to be seen whether Koocon will grow into a key player in the global [[KSTERM:결제]] ecosystem based on AFA’s strong network.
