Klaytn, a blockchain project led by internet giant Kakao, announced that cryptocurrency exchange Binance is joining its governance council. In a joint press release shared with Cointelegraph on Oct. 22, Binance announced that it is joining the governance council of the service-centric blockchain project, Klaytn, to further push for the mass adoption of blockchain technologies. Binance joins 24 other member companies such as LG Electronics, Unionbank of the Philippines and Celltrion, to make key decisions for Klaytn’s business and technical developments. According to the press release, Binance is the first blockchain firm to join the council. In addition to working …

Tomorrow, cryptocurrency exchange Upbit Indonesia will list Klay, the cryptocurrency of South Korean instant messaging giant Kakao. South Korean news outlet The Korea Times reported the news on Sept. 25 noting that also UpBit Singapore is also expected to list Klay at a later date. A Kakao official pointed out: “We decided to list Klay on cryptocurrency exchanges in the respective countries, as we aim for Klaytn to become an Asia-based platform.” South Korean messaging giant’s own virtual currency Kakao is South Korea’s largest internet conglomerate, the firm manages mobile applications and has nearly 90 percent dominance in its mobile …

South Korean tech giant Kakao Corp. will issue its affiliate cryptocurrency, KLAY, direct to Samsung smartphone users. According to the Wall Street Journal (WSJ) citing people familiar with the plans on Sept. 5, the latest edition of Samsung’s new Galaxy Note 10 will feature a cryptocurrency wallet — and free coins. “KlaytnPhone” will come with free crypto KLAY is the in-house token of Klaytn, the blockchain network Kakao revealed in conjunction with its dedicated spin-off, Ground X, in October last year. Speaking to the WSJ, the sources said each edition of Samsung’s Klaytn edition of the Galaxy Note 10 would …

South Korean internet giant Kakao is reportedly planning to list its cryptocurrency Klay on a Chinese crypto exchange and one local exchange. Kakao might have trouble listing Klay in Korea According to a report by local news daily News1 Korea on Aug. 31, Kakao’s blockchain arm Ground X is in talks with two popular cryptocurrency exchanges for listing its native coin Klay. While News1 Korea does not specify the names of the exchanges, an official familiar with the internal situation at Ground X reportedly said that Kakao might have trouble listing Klay on a South Korean exchange, because Ground X …

South Korean internet giant Kakao Corp has launched a teaser page for its forthcoming cryptocurrency wallet, Klip. According to a report from News1 Korea on Aug. 12, Kakao has made the wallet teaser page available as part of the “More” tab on its messaging app KakaoTalk — the platform into which the real wallet will eventually be integrated. 50 million active users will have access to the wallet The Klip wallet — developed by Kakao’s blockchain subsidiary, GroundX, will allow users to store the Klaytn they earn online. With a focus on supporting applications such as finance, content creation and …

Ground X, the blockchain arm of South Korean internet giant Kakao Corp, has announced the launch date of its own blockchain platform, a Cointelegraph correspondent learned at Consensus 2019 on May 13. Per the announcement, the Klaytn mainnet will launch on June 27, 2019, and will purportedly be a major driver of blockchain adoption in the country. Kakao has a 96% market share in South Korea, with a presence in messaging, gaming, content services, financial services and mobility services. Kakao announced its intention of launching a blockchain platform last March, and released a testnet version of Klaytn in October. The …

Disclaimer: this article previously implied that Dunamu was a subsidiary of Kakao. It has been updated for accuracy. Dunamu, a firm backed by South Korea’s largest Internet corporation Kakao, is reportedly launching a blockchain service platform designed to help companies start businesses. Korea’s JoongAng Daily reported the news on March 19. The platform, which is called Luniverse and supervised by blockchain technology research lab Lambda256, is geared to help IT startups develop blockchain-based services. The platform reportedly has a high level of security and an automated scaling function, that can adjust blockchain sizes in accordance with the amount of data …

South Korea’s biggest internet corporation Kakao will reportedly integrate its crypto wallet in its messaging app KakaoTalk, local financial news agency Fnnews reported on March 18. According to the report, more than 44 million South Korean KakaoTalk users will be able send peer-to-peer transactions using Kakao’s crypto-powered wallet. The South Korean messaging giant will reportedly integrate the wallet in KakaoTalk after the launch of blockchain platform Klaytn’s commercial service, a spin-off of Kakao’s subsidiary Ground X. Recently, Bloomberg reported that the company will conduct another $90 million-capped initial coin offering (ICO) after already raising $90 million. According to Fnnews, Klaytn …

The crypto unit of South Korea’s largest internet conglomerate Kakao Corp will repeat its initial coin offering (ICO) after netting $90 million from investors, Bloomberg reported on Mar. 11. Klaytn, the blockchain platform which is the responsibility of spin-off firm Ground X, will now seek to raise another $90 million as soon as this week. In December 2018, Kakao had first announced that it was planning to raise around $300 million through Ground X to develop its own token. According to Jason Han, CEO of Ground X, IDG Capital, Cresendo Equity Partners and Translink Capital were some of the venture …

South Korean internet giant and messaging app operator Kakao Corp has published its Q4 2018 report that covers blockchain and AI operating expenses, Korean news website ZDNet reports Thursday, Feb. 14. According to ZDNet, in Q4 2018 Kakao’s consolidated operating income was 4.3 billion Korean won ($3.8 million). At the same time, the company’s operating expenses related to new businesses, such as blockchain and AI, was 65 billion won ($57.5 million), which reportedly led to a net loss for the whole period. As cited by local media News1 Korea, executive vice president at Kakao Bae Jae-hyun confirmed that, despite the …

Kakao, South Korea’s largest internet conglomerate that operates applications and have nearly a 90 percent dominance in their respective markets, is running an Initial Coin Offering (ICO) to raise funds for its blockchain project called Clay. In March, Kakao released its initial attempt to conduct a token sale by establishing an entity in Switzerland. But, with resistance from the Financial Services Commission (FSC), the corporation was not able to pursue its plans. With no changes made to the regulatory framework regarding ICOs in South Korea, how has Kakao been able to raise funds to create a blockchain project? Private Sale …

South Korea mobile messaging giant Kakao Corp. unveiled the testnet version of its new blockchain platform Monday, October 8, ahead of a formal launch in Q1 2019, local media outlet Korea Herald reports. The platform, dubbed Klaytn, is the brainchild of Kakao subsidiary Ground X. Focused on decentralized apps (‘DApps’), developers are currently working with around ten domestic and international partners to experiment with the new ecosystem. A meetup to introduce Klaytn will further run during the San Francisco Blockchain Week October 10, the Korea Herland reports. “The popularization of blockchain requires providing a practical blockchain service for mass adoption …