Shinhan joins a number of existing council members including LG Electronics, Binance and Worldpay, among others.
The move will aid South Korea's OTC securities market.
Binance has joined the governance council of Kakao's Klaytn blockchain network as the project scrambles for partners and use cases.
The "klay" cryptocurrency from messaging app giant Kakao is to make its first official exchange listing on Upbit later this month.
The government may not allow the coin to trade on a domestic exchange so it will look to other countries.
One of the oldest and largest banks in South Korea has partnered with two fintech firms to build a new security system using blockchain tech.
Messaging app giant Kakao – which launched its own blockchain in June – has teased the release of a crypto wallet dubbed "Klip" later this year.
The Klaytn blockchain from the fold of messaging app giant Kakao has launched on its mainnet, with a governing body including big enterprises like LG.
South Korean firm Dunamu, operator of cryptocurrency exchange Upbit, says it invested $46 million in 26 blockchain startups over the last year.
Ground X, the blockchain subsidiary of South Korea's Kakao, has raised $90 million in a private coin offering, Bloomberg says.
South Korean messaging giant Kakao has led an over-$15 million crypto investment in Israeli-based public blockchain project Orbs.
Kakao's blockchain arm Ground X has announced the launch of the test version of its proprietary blockchain network dubbed Klaytn.
Kakao's blockchain subsidiary has announced it will work with a government-backed agency to develop blockchain projects focused on social services.
Jason Han, CEO of Kakao's blockchain subsidiary Ground X, tells CoinDesk his thoughts on how crypto could impact big business.
South Korean internet giant Kakao has confirmed it is setting up a new blockchain subsidiary, but quashed rumors of a planned initial coin offering.