Main navigation

Tron Signs MoU with Leading DLT and Gaming Groups in South Korea

Tue, 12/02/2019 - 9:37
Tron Signs MoU with Leading DLT and Gaming Groups in South Korea
Cover image via U.Today
Read U.TODAY on
Google News

Tron’s chief of business development Roy Liu has had a meeting with several DLT companies of South Korea as well as with top managers of firms working in the computer gaming industry – the Korea Mobile Game Association (KMGA) and Korea Blockchain Contents Association (KBCCA). Upon the results of the meeting, memorandums of understanding (MoU) were signed with both.

Collaboration with local business authorities

Major Korean editions report KBCCA reps stating that they are interested in Tron making investments in small and medium-scale companies in South Korea, which work with blockchain or games.

Now that Tron has created MoUs with the two major companies in these two markets, they will start looking for potential corporate customers for Tron.

Apart from that, the Tron Foundation has already had meetings regarding investments with several local DLT and gaming firms.

Tron CEO Justin Sun Offers Job to Former BitTorrent Employee Who Lost All His Life Savings After Death of QuadrigaCX CEO

Previous attempts to win this market in Korea

Apart from Tron, other foreign blockchain companies have tried to get into the promising blockchain and gaming markets in the country.

In 2018, Enjin also reported that it had created a contract with the same associations – KBCCA and KMGA.

Games in South Korea

Regarding sales, the industry of games in South Korea is considered to be the fourth largest in the world, as per Euromonitor International. In 2017, local consumers spent nearly $2.5 bln on games. The statistics for 2018 have not been published yet.

Tron takes to charity

The Tron Foundation has also begun working with charities. It now uses its open ledger technology to track donations made to support patients with a particular illness – amyotrophic lateral sclerosis (ALS).

First BTT airdrop completed

Earlier this Tuesday, U.Today reported about the successful completion of the BTT airdrop by the Tron Foundation and BitTorrent. Monthly BTT airdrops will continue to happen until 2025, increasing the amount of BTT each February.


Latest Press Releases

ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
Our social media
There's a lot to see there, too

Popular articles