South Korea’s third-largest holding, SK Group, will launch its own cryptocurrency through its investment arm, SK Square.
According to the news of Hankyung, the local news site of South Korea on March 23, for companies with which SK Square cooperates to facilitate crypto issuance. providing blockchain services thought to be planned. Both cryptocurrency issuance and blockchain service projects have yet to be in the initial phase Stating that it is, the company has issued its tokens via pre-sale plans to put it on the market.
known as the initial money supply. ICOs are banned in South Korea even though company President Yoon Suk-Yeol Legalization of ICOs He said he would do his best for her. SK Group also more lenient regulationsHe stated that I should.
The holding, which owns SK Telecom, South Korea’s largest wireless technology company, was originally developed for SK Telecom. a blockchain-based token He said he was considering removing it. Then they can create their own ecosystems. to develop blockchain services for it is said.
SK Group joined Korbit, one of South Korea’s largest cryptocurrency exchanges, in November 2021. 70 million dollars investment had done. With this agreement, the company will second largest partner had happened.