Medium CEO Kim Pan-joong and CEO John R.Sarson of Sarson Funds in the U.S. are taking commemorative photos after signing an online MOU. (Courtesy of Medium)
Medium said on May 25 that it has signed a memorandum of understanding (MOU) with the U.S. investment group Sarson Funds for strategic business partnership .
The signing ceremony for the partnership between the two companies was held online due to the influence of COVID-19. The amount of investment expressed by Sarson Funds and its affiliates in the MOU will be more than $10 million (about 10 billion won), which includes cooperation for mutual benefit through the full-fledged entry of Medium into the U.S. market.
Sarson Funds is a company that specializes in providing technology, cryptocurrency marketing and education services in the block chain market based in Indianapolis, the U.S.
It is specialized in digital asset investments based on research, risk management and transparency in the block chain.
Through this partnership, Sarson Funds plans to introduce world-class block chain technology owned by Medium to investors and financial experts in the U.S. and provide objective analysis and indicators on investment.
Medium will promote joint marketing for marketing and technical support for education projects under way at the Saarson Funds.
"The U.S. is a very important market for commercializing block chain hardware around the world, and it is expected to become a strategic area," said Kim Pan-jong, CEO of Medium. "Medium will not only sell solutions but also cooperate with global partners in the U.S."
