South Korea's traditional financial media outlet "Money Today" hosts the summit "CHAIN PLUS +"
Korean Conglomerates Enter the Crypto Field
In Korea, family-run conglomerates control a large part of the economy. The representative conglomerate Samsung Electronics has announced, through its subsidiaries, Nexledger, a financial platform utilizing blockchain, this June. Recently, Samsung-backed startup AERGO secured $30 million from top investors such as Sequoia Capital China and GBIC.
The major conglomerates involved in Korea's cryptocurrency exchanges are as follows;
Upbit: Operated by Dunamu, a subsidiary of Kakao, the internet company known for the No.1 social network app KakaoTalk. The company has also established Kakao Blockchain Lab.
Korbit: Backed by gaming giants Nexon/NXC and SK Telecom. Nexon acquired controlling stake last year for $80 million.
Coinone: In addition to Yellow Mobile’s support, various stakeholders including mobile commerce, media, and Daily Finance are involved.
Gopax: Funded by Shinhan Bank and Digital Currency Group.
