How South Korea's second-largest bank invested in a crypto exchange and shook up the market

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Quick Take

  • Korean crypto has emerged as a global force over the past year
  • The nation’s chaebols, its giant conglomerates have funded digital-currency ventures and fostered their growth
  • An upstart, Gopax, shows the power of a strong banking relationship in making crypto more secure and accessible
The last year has been a watershed for South Korea’s crypto market as the nation’s giant conglomerates from finance, technology, and telecom have come to dominate the sector. The presence of the behemoths has led to big changes in how business is conducted on the exchanges and also ushered in an era of government regulation. […]
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