Korean Internet Firm Kakao Eyes Blockchain Expansion To Singapore

Korean Internet Firm Kakao Eyes Blockchain Expansion To Singapore

Kakao pushes its expansion plan to Singapore for Klaytn, its legacy blockchain platform, following its globalization quest. Reporting on Monday, The Korea Herald disclosed the city-state establishment of the Klaytn Foundation and Krust, the new blockchain-based entities by Kakao. Krust is a worldwide accelerator for the adoption of blockchain. On the other hand, the Klaytn Foundation is a charitable organization. According to its plan in Singapore, The Internet firm will utilize the two entities to facilitates a broad-based infiltration of its Klaytn blockchain project. In addition, the....


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Korean internet giant Kakao expands blockchain presence to Singapore

Kakao wants to keep up with the enterprise blockchain competition in Asia as it eyes expansion to Singapore. Singapore is reportedly the next port of call for Kakao’s globalization agenda for its legacy blockchain platform Klatyn.According to a report by The Korea Herald on Monday, Kakao has established two new blockchain-based entities — the Klatyn Foundation and Krust — in the city-state. The Klatyn Foundation is a non-profit organization while Krust serves as a global accelerator for blockchain technology adoption.Kakao plans to use both entities to foster broad-based penetration of its....

South Korean Tech Giant Kakao Acquires Majority Stake In A Japanese Crypto Ex...

A subsidiary of South Korean internet and technology giant Kakao has acquired a majority share in a Japanese cryptocurrency exchange, paving the way for the company to integrate its web-based cartoon content with its crypto services. Kakao Piccoma, a subsidiary of Kakao in Japan, has bought more than 50% of the Japanese cryptocurrency exchange Sakura […]

Webtoon platform Kakao Piccoma buys 50% of Japan's Sakura Exchange

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Bank of Korea selects Kakao’s blockchain arm for digital won tests

ConsenSys, a major Ethereum software company, will contribute its technology to South Korean CBDC simulations led by Ground X. The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency pilots.Kakao’s Ground X had won the Bank of Korea’s central bank digital currency (CBDC) tender, becoming the principal technology supplier for blockchain-based digital won simulations, local news agency Korea JoongAng Daily reported Tuesday.The central bank announced that Ground X will participate in the South Korean....