The driving firm behind the K-pop movement, SM Entertainment, said it's planning to launch a cryptocurrency focused on engaging fans with artists.
Despite the apparent boom in blockchain, and the extensive support for the technology, few companies are making blockchain sales
The government may not allow the coin to trade on a domestic exchange so it will look to other countries.
Eun Sung-soo made reformist comments but he was still cautious about crypto and offered no boost to the sector.
The company says that the process has been made significantly more efficient.
It is the eighth funding event in thirteen months using the mining token.
Bithumb will assemble a committee to periodically review its listed cryptocurrencies.
Blocko, a blockchain firm working on enterprise applications of the tech, says it's raised $7.44 million from investors including Shinhan Bank.
The banking company is latest major organization in the country to join the blockchain rush.
Prixbit is one of an estimated 200 players locked out of the banking system