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Upbit and ICEx Sign Strategic MOU to Fortify Indonesia's Digital Asset Infrastructure

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Upbit and ICEx Sign Strategic MOU to Fortify Indonesia's Digital Asset Infrastructure
Business

Business

Upbit and ICEx Sign Strategic MOU to Fortify Indonesia's Digital Asset Infrastructure

2026-04-03 08:00 Last Updated At:08:15

SEOUL, South Korea, April 3, 2026 /PRNewswire/ -- Upbit, a world-class digital asset exchange operated by Dunamu Inc., today announced that it has signed a Memorandum of Understanding (MOU) with Indonesia Crypto Exchange (ICEx), a licensed digital asset bourse in Indonesia. The MOU establishes a strategic framework for technical and operational collaboration aimed at accelerating the development of Indonesia's regulated crypto ecosystem and supporting the growth of a sustainable, well-governed market.

The partnership was marked by a high-level summit held at Upbit's Seoul headquarters, where CEO Kyoungsuk Oh hosted a senior Indonesian delegation comprising high-ranking government officials, representatives from the Chamber of Commerce Indonesia, and key industry players to discuss the evolution of regulated digital finance.

The inclusion of the Chamber of Commerce underscores the mission to integrate it into the broader Indonesian commercial landscape. During the meetings, Upbit's leadership and Kadin representatives discussed future-forward plans to bridge Korean technological prowess with Indonesian market potential, ensuring that the digital asset roadmap aligns with the country's national economic interests and private sector growth.

Building a Regulated Global Standard

Under this strategic framework, Upbit will support the growth of Indonesia's digital asset ecosystem by providing core platform technology and operational expertise to build and operate a resilient, compliant trading venue, including key exchange infrastructure such as matching, risk management, and market operations.

The partnership will also explore innovation in areas such as custody solutions while strengthening regulatory technology to enhance oversight, compliance, and reporting. 

ICEx and Upbit have aligned as strategic partners to leverage Upbit's proven track record as South Korea's leading exchange and its global reputation for maintaining the highest standards in investor protection and regulatory compliance.

Expanding Upbit's Regional Footprint

Upbit is positioning itself as a critical infrastructure partner across Asia, supporting the development of secure, transparent, and trusted digital asset market frameworks.

This collaboration marks another milestone in Upbit's expanding role as a key driver of digital asset development across the region. The company has previously hosted high-level delegations from Vietnam—including senior government and financial leaders such as the Minister of National Defense, Minister of Finance, Chairperson of the State Securities Commission, and the Chairman of Military Bank—to showcase its advanced digital asset exchange infrastructure.

"This partnership reflects our commitment to fostering well-regulated digital asset ecosystems globally," said Kyoungsuk Oh, CEO of Dunamu, operator of Upbit. "By working closely with ICEx, we aim to share the platform technology and operational expertise that have established Upbit as a market leader in Asia and strengthen the foundational infrastructure of Indonesia's digital asset sector."

A New Era for Indonesian Digital Finance

ICEx operates as an important part of Indonesia's regulated digital asset ecosystem under the supervision of the Financial Services Authority (OJK). Established in line with Indonesia's three-layer regulatory framework for digital asset transactions, comprising a licensed bourse, central clearinghouse, and supporting an integrated market structure within the country's regulated framework. Upbit Indonesia is among its founding shareholders, alongside strategic investors including some of Indonesia's largest conglomerates and global exchanges.

 "Partnering with Upbit brings invaluable global expertise to our local ecosystem," said Pang Xue Kai, CEO of ICEx Group. "Upbit's leadership in compliance and technology was a decisive factor for us. We believe this collaboration will contribute to the development of a more secure and trusted market environment in Indonesia."

Through this partnership, Upbit aims to support ICEx in laying the groundwork for a next-generation digital asset ecosystem in Indonesia while contributing to the broader evolution of regulated crypto markets across the region.

The parties formally announced the MOU at the Korea–Indonesia Business Partnership for Resilient Growth Forum on April 1st, 2026, a landmark bilateral event, attended by ministers and high-ranking officials from both countries. The forum featured the signing of MOUs by major companies from both countries across a range of sectors. The MOU between Upbit and ICEx underscored the strategic and institutional significance of the bilateral collaboration in digital finance innovation.

About Upbit

Upbit is a leading digital asset exchange headquartered in South Korea and operated by Dunamu Inc., a fintech company focused on building innovative financial services powered by blockchain technology. Since its launch in 2017, Upbit has become one of the largest cryptocurrency exchanges globally by trading volume, offering a wide range of digital assets and trading pairs.

Upbit provides a secure and user-friendly platform for trading, investing, and managing digital assets. The company prioritizes transparency, compliance, and investor protection, adopting industry-leading security practices.

Through continuous innovation and strategic partnerships, Upbit aims to drive the adoption of blockchain technology and contribute to a more accessible and efficient financial ecosystem.

 

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Upbit and ICEx Sign Strategic MOU to Fortify Indonesia's Digital Asset Infrastructure

Upbit and ICEx Sign Strategic MOU to Fortify Indonesia's Digital Asset Infrastructure

BANGKOK, April 3, 2026 /PRNewswire/ -- WHX Bangkok 2026 organised by Informa Markets is set to be a landmark trade event for showcasing Korea's groundbreaking advancements in AI-driven healthcare and technology. Two leading Korean companies, Korea Body Information Co., Ltd. and maihub, will unveil their flagship solutions at the trade show taking place from 8 – 10 July 2026 at Queen Sirikit National Convention Centre (QSNCC) in Bangkok.

Real PT: Revolutionising Musculoskeletal Healthcare

Korea Body Information Co., Ltd. will debut its flagship solution, Real PT, an AI-powered musculoskeletal diagnostic and exercise prescription system. Real PT is an integrated digital healthcare platform that combines posture assessment, range of motion (ROM) testing, functional musculoskeletal evaluation, and personalised exercise prescription into a single, user-friendly system. Designed for hospitals, clinics, rehabilitation centres, and wellness facilities, Real PT offers:

  • AI-based posture analysis with 99.3% diagnostic accuracy for non-contact assessments in just 40 seconds.
  • Portable design requiring only 2.2 meters of space, wheelchair accessibility, and visualised reports for seamless progress tracking.
  • Proven success with over 2.8 million users across 500+ facilities in Korea, including hospitals, public health centres, and fitness centres.

Real PT's debut at WHX Bangkok marks Korea Body Information's first official entry into the Thai medical device market. With Thailand's growing demand for rehabilitation and preventive healthcare solutions, Real PT is uniquely positioned to meet these needs. Live demonstrations at the Korea Body Information booth will showcase its real-world applications in medical and rehabilitation settings.

"The future of healthcare is not only about diagnosis—it is about continuous management. Through AI-based musculoskeletal diagnosis and personalised exercise prescription, we aim to present a new paradigm that connects assessment with long-term care. Our participation at WHX Bangkok 2026 is a key milestone in our strategy to expand into the Thai market," said Jae-hoon Jeong, CEO of Korea Body Information Co., Ltd

maihub: Easy way to meet AI

maihub, another leading innovator from Korea, will present maiLink and maiReport. maihub is a Korea-based company developing a medical AI orchestration platform designed to make AI more accessible and practical in clinical settings — under the slogan "Easy way to meet AI." maiLink is already deployed across more than 1,300 medical institutions worldwide. With regulatory approvals from the U.S. FDA 510(k), Malaysia's MDA, and Indonesia's BPOM, the company is expanding into global markets.

maiLink — the medical AI orchestration platform optimised for the diverse network environments across Southeast Asia. Designed to minimise changes to existing hospital IT infrastructure, it enables stable AI operation and allows local hospitals to adopt AI immediately — without significant upfront investment. Its hybrid architecture keeps patient data processed and managed on-site, while anonymization and encryption ensure compliance with data protection regulations and cybersecurity requirements across the region.

maiReport, an approach that extends medical AI beyond clinicians to patients. AI analysis results — previously accessible only to medical staff — can now be delivered directly to patients through automated reports and a mobile app, maiReport. This allows hospitals to differentiate their services while enabling patients to take a more active role in managing their own health.

"WHX Bangkok 2026 is the perfect opportunity for us to showcase our solutions to Thailand and the regional market," said Hyuck Yang, CEO of maihub. "Southeast Asia is a market where the impact of medical AI can be most profound, precisely because healthcare infrastructure has not kept pace with demand. Through a platform that connects medical AI in a truly usable form, we aim to become the core infrastructure that enhances clinical efficiency and helps bridge the gap in healthcare access across the region."

Korea's Strategic Market Entry at WHX Bangkok 2026

Korea's AI-driven solutions exemplify the future of healthcare innovation. Their debut at WHX Bangkok 2026 highlights Korea's leadership in leveraging artificial intelligence to improve diagnostics, treatment, and patient care. Visitors to the event will have the unique opportunity to experience these transformative technologies firsthand, setting the stage for a new era in healthcare.

About WHX Bangkok 2026
World Health Expo (WHX) Bangkok (formerly Medlab Asia and Asia Health), is an exhibition that covers medical devices, medical laboratories, hospital services and healthcare system. The trade event will take place from 8 – 10 July 2026 at Queen Sirikit Convention Centre (QSNCC) in Bangkok. Attendee registration for the event is now live. For more information visit https://www.worldhealthexpo.com/events/healthcare/bangkok/en/home.html.

About Informa Markets

Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world's leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.

For Media enquiries, please contact:
Gautam Jatwani
Senior Marketing Manager
Informa Markets
Gautam.jatwani@informa.com

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Korea's AI-Driven Healthcare Technologies Take Centre Stage at the upcoming WHX Bangkok 2026

Korea's AI-Driven Healthcare Technologies Take Centre Stage at the upcoming WHX Bangkok 2026

Korea's AI-Driven Healthcare Technologies Take Centre Stage at the upcoming WHX Bangkok 2026

Korea's AI-Driven Healthcare Technologies Take Centre Stage at the upcoming WHX Bangkok 2026

Korea's AI-Driven Healthcare Technologies Take Centre Stage at the upcoming WHX Bangkok 2026

Korea's AI-Driven Healthcare Technologies Take Centre Stage at the upcoming WHX Bangkok 2026

Korea's AI-Driven Healthcare Technologies Take Centre Stage at the upcoming WHX Bangkok 2026

Korea's AI-Driven Healthcare Technologies Take Centre Stage at the upcoming WHX Bangkok 2026

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