PANews reported on May 30 that according to the Busan Daily, the Busan Digital Asset Exchange and Naver Pay, the digital payment division of South Korean Internet giant Naver, signed a memorandum of understanding (MOU) to jointly develop a Web3 wallet for Busan residents. As part of Busan's broader super application plan, the three companies will work together to develop a wallet that is both secure and user-friendly.