‘Boom’ in Big South Korean Firms Investing in Crypto Startups
Large South Korean companies are pouring money into crypto and blockchain startups, media outlets have noted – while the nation’s market-leading crypto exchange is set to make a sports investment of its own.
Per a report from Fn News, there has been a “boom” in crypto and decentralized finance (DeFi) investment – with mega-rich companies like Samsung, GS Retail, CJ, and Nexon leading the way.
The media outlet quoted an unnamed industry insider as noting that South Korean companies are more likely to avoid investing “directly” in cryptoassets, but rather look to foster promising businesses in the crypto field. “We are increasing our investment,” the insider was quoted as saying.
The electronics giant Samsung has made its investments through its
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