Blockchain Apps Take Over South Korea

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“In South Korea, IT behemoths like Kakao and Naver have jumped on the blockchain bandwagon. In March, Kakao revealed plans to launch a reverse ICO for its legacy cryptocurrency called “Kakao Coin.” The largest messaging app operator wants to develop a decentralized platform under the aegis of its blockchain subsidiary, Ground X. LINE, a subsidiary of Naver based in Japan, also plans to expand its reach by embracing blockchain technology. The company, which operates out of Japan to avoid direct competition with its rival, recently signed a partnership with ICON. The partnership enables the two companies to form “Unchain” – which is part of LINE’s blockchain expansion efforts.” (Source: bitcoinist)

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