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Some of the projects are really promising, as they are linked to traditional Korean conglomerates that have years of experience and goodwill in breeding technology. Once these projects are fulfilled in the best of cases, South Korea will become the most advanced blockchain and cryptography.
Some of the projects that José has presented are:
SK Telecom, the largest telecommunications company in South Korea, invests in Korbit along with billionaire investor Tim Draper.
Shinhan Banks invests in Gopax, an important exchange of cryptocurrencies. It is considered that this direct participation of Shinhan Bank as principal investor in a major cryptocurrency exchange plays a vital role in maintaining favorable relationships between cryptocurrency companies and long-term financial institutions.
The participation of 65 percent of the gaming company Nexon in the exchange of cryptocurrencies of South Korea Korbit
Kakao, the Korean internet firm that operates the country's largest messaging application, joined crypto after it launched a blockchain-centric business unit and a crypto exchange called Upbit.
Squire, an agreement of the cryptographic mining firm based in Canada with Samsung, the largest conglomerate in South Korea, to manufacture ASIC chips.
All this development has occurred even when the cryptographic space is currently in a state of flux. The cryptographic market has had its ups and downs in the last year. He enjoyed a great bullfight as of the end of 2017 and peaked at more than $ 800 billion in market capitalization at the beginning of January. But the market has since seen a massive correction. The collective capitalization of cryptocurrencies is now only around 200 billion dollars.
Because the block chain is causing a furore in technology over the past year, the country has also made significant advances in the adoption of technology. South Korea is now an important cryptocurrency market. Its two main cryptographic exchanges, Upbit and Bithumb, are among the 25 most important exchanges in the world and combine for a daily transaction volume of more than $ 200 million.
While the world is looking for answers for stability, prices, regulations and other Bitcoin issues, South Korea is slowly moving to be in the number one position with regards to blockchain and cryptocurrency. The investments that are taking place in the sector and the number of traditional companies that embrace blockchain are increasing in South Korea and will surely make it a leader.
Chaebol (Korean family-owned conglomerates) that accepts blockchain
According to a tweet published by Joseph Young, the South Korean conglomerates are assuming world leadership in terms of real investments and the advance of blockchain and cryptocurrency.