Infosys Shares Drop Amid Earnings Quality Concerns 
San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home 
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts 
S&P 500 Surges Ahead of Trump Inauguration as Markets Rally 
South Korea to End Short-Selling Ban as Financial Market Uncertainty Persists 
Investors value green labels — but not always for the right reasons 
KiwiSaver shakeup: private asset investment has risks that could outweigh the rewards 
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback 
FedEx Pilots and Union Reach Tentative Agreement on 40% Pay Increase 
Rio Tinto's California Boron Assets Attract Over a Dozen Bidders, Valued at Up to $2 Billion 
Investors Brace for Market Moves as Trump Begins Second Term 
Do investment tax breaks work? A new study finds the evidence is ‘mixed at best’ 
Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles 
Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war? 
Chalco Stock Surges as Q1 2025 Profit Forecast Jumps Up to 58% 
MATCH Act: How New U.S. Chip Legislation Could Freeze China's Semiconductor Ambitions 
Hyundai Card entered into a joint venture agreement to launch a non-fungible token or NFT trading platform. The company chose a local programming education startup called the Like Lion to heighten its presence in the booming NFT industry.
According to The Korea Herald, Hyundai Card and Like Lion have teamed up to form a JV which they named Modern Lion. The Korean credit card company said on Tuesday, June 7, that along with Like Lion, it will launch an NFT marketplace and digital wallet service in the second half of this year.
Hyundai Card is one of Korea's leaders in the fintech business field, and it has already set up a series of blockchain-based businesses in recent years. Mostly, the company pushed for the blockchain biz in the areas of artificial intelligence (AI) and data science.
It was said that the company's latest decision to establish an NFT marketplace and wallet came as the popularity of the non-fungible token has recently been drawing huge investments not only in South Korea but overseas as well.
Now, Hyundai Card and Like Lion decided to name their joint venture "Modern Lion," explaining that the term "Modern" represents the card company while "Lion" was apparently derived from the startup's corporate name.
"When big companies and startups push for a joint business, they should be willing to cooperate with each other on an equal footing," Chung Tae Young, Hyundai Card's chief executive officer, and vice-chairman, said in a statement via NFT Evening. "Hyundai Card and Like Lion will do their utmost to maximize synergies by garnering all their capabilities."
Like Lion's chief, Lee Doo Hee, further said that they would turn the JV into a global NFT platform that can provide services worldwide. "We will try our best to make Modern Lion become an influential NFT player and win an outstanding status in the global market," he stated.
Finally, Hyundai Card and Like Lion will also be extending their joint business by engaging in various NFT-related businesses once they have fully established their marketplace. The companies have yet to release more details about their collaboration, especially the date of the rollout of the Modern Lion digital wallet and platform for NFT trading.
