ICON (ICX) Reveals Its Close Relationship With South Korean Government

ICON (ICX) Increases Its Collaboration with the Government of South Korean

In a recent post, the Head of Research at Deblock and the VC and accelerator partner at ICON, Markus, highlighted the projects latest development with the South Korean government, saying that they have increased ties with it.

Markus started by emphasizing how crucial government decision can be when it comes to the cryptocurrency industry, considering that the country is a host to some of the largest cryptocurrency exchanges in the world in terms of daily trade volumes.

ICO as the Leading Platform in South Korea

ICON has positioned itself as the top platform in South Korean in serving large corporations utilizing blockchain technology. In light of this, the medium post stated that:

“The business partnerships with companies like LINE (joint venture), Samsung Electronics, SK Planet, and Smilegate. All national leaders in their respective industries.”

Since 2016, ICON has been among the leading technology partners for several government initiatives in different fields, including educational, customer service, healthcare and insurance. The platform has been lucky to get government funding from the Ministry of Science, ICT and Future Planning, and the Ministry of Creation and Science.

Moreover, in July, 2018, ICONLOOP was chosen to support the election development in South Korean, taking the position of the:

“Blockchain technology consultant for ‘Building the Next Generation Election System based on Intelligence Information Technology’, launched by the Korea National Information Society Agency and supervised by Korea National Election Commission (NEC).”

South Korean as One of the Biggest Crypto Powerhouse

When it comes to cryptocurrency markets, South Korea is one of the biggest powerhouses, with its crypto dealings affecting the entire market.

A year ago, cryptocurrency prices in the country were setting global records, with about 30% of country’s working citizens investing in digital assets.