South Korea Witnesses Inrush of Blockchain Based Platforms Facilitating Trading Of Unlisted Stocks

The South Korean blockchain domain is witnessing a continuous succession of platforms with expertise in trading for unlisted stocks, ensuing a key offering from state-backed financial Information Technology firm Koscom last year.

On 11th May, Business Korea mentioned unidentified industry sources, who have asserted that two blockchain based platforms – PSX and Dunamu will be beginning this September and in the month of February, next year. As per the report, several local critics anticipate the establishment of safe trading settings for unlisted stocks to enhance investment in local start-ups.

Meanwhile, both Dunamu and PSX are using the financial regulation sandbox of Korea for growing their respective endeavors into blockchain-powered unlisted stock trading services. Moreover, both are reported to be collaborating with Samsung Securities and Shinhan Financial Investment respectively.

In the interim, the Ministry of Science and ICT and KISA, together with Korea’s internet technology regulator, are leading a blockchain-based platform for storing and authenticating the identities of self-driving automobiles. It will be positioned as part of a program for smart city solutions in the city of Sejong, which is scheduled to be the administrative capital of South Korea.