Former Samsung SDS executive to join Clebus

Lee Jang-hwan

By Lee Kyung-min

Former Samsung SDS executive Lee Jang-hwan will join Clebus as its vice president and chief strategy officer (CSO), the blockchain-tech metaverse platform company said Monday.

Lee led Samsung's IT solution subsidiary, where he put to use his extensive experience in public consulting, solution consulting and corporate marketing.

He is expected to play a crucial role in revitalizing and upgrading the hyper-connected metaverse ecosystem, a prime objective of Clebus, based on his years of experience in high-tech IT services provided by the Samsung affiliate in local and foreign markets.

Clebus is in the process of establishing decentralized peer-to-peer (P2P) exchanges and non-fungible token (NFT) markets.

An NFT is a unique unit of data using technology whereby digital content is logged and authenticated on cryptocurrency blockchains including Ethereum for easier ownership and sales. Examples include videos, songs and images.

Clebus-X, a cryptocurrency exchange that will also function as an NFT market platform to be set up by the firm, will introduce an online open market using “Stay Pending,” a hybrid, decentralized technology, to help reduce user transaction costs.

“We will grow further with the contributions of Lee who will become an integral part of our future-oriented strategy, whereby anyone from around the world will be able to participate in profit generation, enabled by our technology-driven business model,” the firm said.

Lee holds a Ph.D. in Knowledge Management from Korea Advanced Institute of Science and Technology (KAIST) and an MBA in Management Information Systems from the George Washington University School of Business.