Korea Maritime & Ocean University Grad School Signs MOU

Graduate School of Maritime Finance ( President Ki-Hwan Lee ) signed a business agreement with International Currency Settlement Technology Co., Ltd. (WACEP, CEO Beom-Hee Lee ) on the 14th and decided to cooperate with each other .



This agreement was prepared to prevent inconveniences and crimes occurring during ship operation, such as having to always hold dollars on board as ‘ shipboard payment reserve ‘ , and to reduce losses due to currency exchange at each port of call .



Exchanging money at each port of call not only inconveniences sailors, but exchange costs produce a diminishing effect on source income, which in turn leads to an increase in wages and welfare costs . Naturally, this is a situation that affects management efficiency as a burden on shipping companies .



With this agreement as an opportunity, joint research will be conducted for convenience and welfare, including the payment of salaries for maritime employees .



In addition , international currency settlement technology ‘WACEP ( Waseop )’ decided to jointly research ship construction costs, repair costs, and operating costs through mutual information exchange with Korea Maritime and Ocean University Graduate School of Maritime Finance . As it is an agreement related to the world’s first fintech technology based on the patents of ‘ Warseop ‘ , this agreement is expected to contribute to the public interest as an industry-university research .



In addition, as international organizations strictly apply regulations to protect the global environment , and as shipbuilding costs increase due to advanced shipping industry facilities, the investment cost issuance of NFT ( Non-Fungible Token ) to improve the environment so that investors can easily participate. created _



In addition, research on the return of profits and profits from STO ( Security Token ( Token Securities )) market prices to participating customers is also conducted .



Lee Ki -hwan, dean of the Graduate School of Maritime Finance, said, “ For the development of Korea’s maritime finance industry, world-leading Fintech technologies such as ‘ Wasup ’ must be incorporated into capital participation in the maritime industry to further vitalize our future. ” We will discover and prepare a solid foundation for maritime finance in accordance with the change of the 4th industry . ”