COOCON Joins Global Agentic AI Foundation to Advance AI Agent Payments and Data Business Based on MCP
COOCON, a South Korean business data platform company (KOSDAQ 294570), announced it has joined the Agentic AI Foundation (AAIF) as a Silver Member on 1 June. AAIF, an open-source foundation for agent-based AI under the Linux Foundation, includes over 180 members such as Anthropic, OpenAI, Google, Microsoft, Circle, Tron, and Stripe. The foundation focuses on developing and standardising open protocols to enhance interoperability among AI agents, playing a key role in advancing global standardisation across the AI industry.
By joining AAIF, COOCON plans to expand its global network and establish closer collaboration with leading AI agent companies. The company also intends to strengthen its technological foundation by participating in working groups related to AI agent payments and AI-based data businesses built on the Model Context Protocol (MCP). Through these initiatives, COOCON aims to secure next-generation capabilities in payment and data technologies while enhancing its global competitiveness.
As AI agents rapidly evolve from assisting with product searches and purchase recommendations to directly executing payment transactions, payment service providers are increasingly expected to serve as core infrastructure partners facilitating secure and efficient transactions for AI agents. Against this backdrop, COOCON’s participation in AAIF is anticipated to further solidify its position as an infrastructure company leading the AI agent era in the payments and data sectors.
COOCON provides payment, withdrawal, and settlement services through an extensive infrastructure network encompassing 2 million QR merchants, 100,000 franchise partners, and 40,000 ATMs. The company has also been enhancing its domestic and global payment infrastructure competitiveness by completing integrations with major global payment networks, including UnionPay, WeChat Pay, Alipay+, and QRIS, Indonesia’s national QR payment standard.
Furthermore, COOCON operates a business data platform that connects data from approximately 500 domestic institutions and 2,000 financial institutions across more than 40 countries via over 300 APIs. The company is currently transitioning to an MCP-based architecture to enable AI systems to utilise data more efficiently.
By leveraging technology collaboration and standardisation activities within AAIF, COOCON plans to accelerate the expansion of its global payments and stablecoin business. The company will apply international standards across its infrastructure to enhance global compatibility, while focusing its capabilities on three key growth areas for this year: global payments, stablecoins, and AI-based data business.
CEO Kim Jong-hyun stated, “This latest participation marks a significant milestone for COOCON as we move towards full-scale global expansion, alongside the establishment of our subsidiary in Singapore.” He added, “Through technology exchange and collaboration with global companies, COOCON will further strengthen its competitiveness in payment and data technologies to proactively respond to the emerging AI agent era.” He emphasised, “By making our AAIF activities a strategic foundation, we will transform from a data platform company into an AI-based data company and create new growth opportunities in the global market.”