CRYPTO NEWS

Analysts speculate that South Korean mega-conglomerates like Samsung and LG, known as "Chaebol business groups," may consider issuing crypto assets.

CRYPTO NEWS

According to sources, one of South Korea's largest corporations, SK Square, aims to invest roughly USD 1.6 billion in semiconductor chip and blockchain technology research over the next three years.

CRYPTO NEWS

Cryptonews.com revealed that SK Square wants to launch a new digital asset in 2022 that will connect to a wide range of products and services from the company.

CRYPTO NEWS

Coin issuance has been prohibited in South Korea since 2017; hence, this news is especially relevant.

CRYPTO NEWS

President-elect Yoon Suk-yeol will take office in May. To fire up the economy, he has stated that he wants to "examine" the token issue ban and intends to turn the cryptocurrency sector into one of the most important growth engines.

CRYPTO NEWS

Several blockchain and crypto-related services have also been tested in LG's labs.

CRYPTO NEWS

According to Newspim's article, many chaebol officials in the United States believe that SK's crypto-issuance plan is an encouraging sign for the future of the IT industry in the United States.

CRYPTO NEWS

According to the expert reports, other large corporations may follow suit after SK's token issuing.