Oct 11, 2018
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Huge User-base South Korean Startups Flock to The Blockchain

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Some of the largest startups in South Korea with over 10 million users are turning to the blockchain.

“Baedal Minjik,” a food delivery startup whose annual revenue surged 80 percent last year, and “Joonggonara,” a major used goods marketplace in South Korea, have shown interests in integrating the digital ledger technology. Baedal Minjik, for instance, recently partnered with Terra, a blockchain-based digital money project backed by a $32 million fund, to develop a cryptocurrency-enabled payment system within its food delivery app. The duo plans to roll out the said service by the end of this year.

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