The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. With the presidential election now decided, expectations are rising towards a friendly business environment for the platform industry. Considering positives in play for the sector, including anti
SM Brand Marketing announced on Feb. 23 that it has signed a business agreement with Binance for collaboration in the blockchain industry.According to the agreement, the two companies will collaborate to expand their play-to-create (P2C) ecosystem in which users can create games, music, dance and go
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Despite tepid earnings in 2021, Netmarble’s share price is primed to rise this year in response to both earnings growth expectations and planned new game releases. The acquisition of SpinX Games
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. A series of new titles that Neowiz has been readying for the past several years is to be released in 2022, and it is to develop NFT-related games in earnest.Anticipate new title momentum in 2022-
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Gamevil is striving to transform into a platform player specializing in blockchain and metaverse, fields which are undergoing rapid developments as of late. We positively view the company’s recen
Shinhan Bank announced on March 8 that it has established a pilot blockchain-based digital currency platform in preparation for the issuance of a central bank digital currency (CBDC) by the Bank of Korea.Shinhan Bank built the pilot platform based on an assumption that when the Bank of Korea issues
South Korea’s large commercial banks have been keeping their distance from cryptocurrencies in line with the government’s policy. But they are making an aggressive move to introduce blockchain technology. They are making a direct investment in blockchain companies or joining hands with startups to d
Dunamu Inc., operator of global crypto-asset exchange Upbit, announced on May 15 that the company has invested more than 55 billion won (approximately US$46 million) since announcing a three-year plan to invest a total of 100 billion won (approximately US$84 million) into the blockchain industry in
Samsung Electronics Co. is supporting blockchain-based startups through Creative Lab (C-Lab), an in-house startup incubator program. As the Samsung Galaxy S10 flagship smartphone to be unveiled on Feb. 20 is expected to feature a cryptocurrency wallet, there is growing speculation that Samsung Elect
The South Korean government has decided to exclude cryptocurrency exchanges from venture firm certification. As a result, cryptocurrency exchanges will see their corporate and income taxes double and cannot benefit any more from a 75 percent cut in acquisition tax. In addition, their privileges in s
KT, which set up a blockchain research arm three years ago, is planning to launch a community currency service based on blockchain technology, in cooperation with Gimpo City. The company and Gimpo City announced on September 17 that a platform for the service will be established before the end of th
The Jeju Special Self-Governing Province is planning to launch a series of blockchain-related projects as part of its efforts to turn the island a hub for blockchain technology and initial coin offerings (ICOs). According to industry sources, the province is going to apply the technology to land man
These days, governments in advanced countries such as the United States, China, Japan, Britain, Australia, Switzerland and the Netherlands are pushing hard to create a blockchain ecosystem.According to the Korea Intellectual Property Office, the number of blockchain-related patent applications amoun
With many countries seeking to integrate the blockchain technology into actual service models, expectations are growing that an advanced model will first appear in the gaming industry.According to industry sources on April 9, HanbitSoft Inc. has announced a global game asset trading blockchain platf
According to the data from the Korean Intellectual Property Office on March 21, the number of blockchain-related patents filed in the world’s top five regions in intellectual property – South Korea, the United States, Japan, China and the European Union – stood at 1,248 by the end of January.By coun
The overseas initial coin offering (ICO) market is attracting much attention. The overseas ICO market shows the development of new virtual currencies and related projects and raises funds online. Concern is growing that the IPO market, a major financing channel for corporations, is likely to shrink
According to industry sources, 10 South Korean securities firms, including Mirae Asset Daewoo, NH Investment & Securities and Yuanta Securities, are planning to test their blockchain-based authentication platform late this month.The Korea Financial Investment Association, 26 securities and futures t