Korea Technology Resolves New Business for NFT and Real Estate Coins Utilizing Blockchain

[Asia Economy Reporter Jang Hyowon] Korea Technology, a KOSDAQ-listed company (CEO Shin Yonggu), announced on the 24th that it held an extraordinary general meeting of shareholders on the 8th floor of its headquarters in Jung-gu, Seoul, where it resolved agenda items including the addition of business purposes and the appointment of a new inside director.

On the day, the company added new business purposes for entering new industries, including ▲Blockchain ▲NFT ▲Real Estate Development ▲Real Estate Sales ▲Metaverse, and appointed Lim Jangwon, CEO of Chainstry and a blockchain expert, as an inside director.

New inside director Lim Jangwon graduated from Seoul Science High School in 2003 and majored in biotechnology and computer engineering in the United States. In 2018, he founded GBT Protocol, a blockchain-related platform company, and is regarded as one of the top experts in the domestic blockchain industry.

Under his leadership, GBT Protocol won first place in the world’s first blockchain survival TV program “Block Battle” and participated in the “IEO Global Meetup for Blockchain Industry Development” held in Seoul, where it was recognized for its top-tier domestic technology.

Industry insiders evaluate that Korea Technology, which recruited Lim Jangwon, known as a blockchain specialist, as an inside director, has established the best human infrastructure for its NFT and real estate coin businesses.

According to the global NFT transaction status surveyed by cryptocurrency market research firm DappRadar, the third quarter of 2021 recorded a scale of 12.647 trillion KRW, which is more than eight times the 1.536 trillion KRW recorded in the second quarter.

A Korea Technology official stated, “By appointing the top expert in the blockchain field as an inside director, we have accelerated related new businesses,” and added, “Together with the top domestic expert, we will realize innovation in the domestic real estate sales market by combining NFT, which is creating a global boom, with real estate.”

Meanwhile, Korea Technology announced on the 13th, after holding a board meeting, that it will establish a blockchain-specialized overseas subsidiary in Singapore called 'Virtual Estate Technology PTE. LTD.' to promote a real estate sales business utilizing non-fungible tokens (NFTs).

This content was produced with the assistance of AI translation services.