Source: Adobe/fabioderby

Hankook Technology, a South Korean corporation and part of business group that makes up among the world’s biggest tiremakers ( Hankook Tire & Technology), has actually revealed that it is branching off into crypto and non-fungible tokens (NFTs).

Per Fn News, business group will reveal its strategies at a conference to be held at its head office in Jung-gu, Seoul, on December 24.

The business discussed that it will seek to pursue industries that “utilize NFTs and cryptocurrency”– aiming to connect the relocation in with its genuine estate-related service operations. The company prepares to produce “blockchain and crypto”- powered realty “property trading and brokerage” services and “blockchain”- associated realty “advancement” service opportunities.

The company’s CEO was priced quote as discussing:

” This is the very first case where a business has actually integrated realty sales and cryptocurrency. This brand-new sales paradigm will be a game-changer in the future sales market.”

Hankook Technology prepares to release NFTs or a cryptoasset that will permit celebrations to spend for building expenses, agreements, and home sales, and prepares to work with a brand-new director– an “professional” who will have the ability to “integrate cryptocurrency with the realty sale market.”

Hankook has actually had substantial success with non-core company operations in current months. Utilizing its status as a minority investor in Daewoo Shipbuilding & Marine Engineering(DSME), a struggling ship-making company that discovered itself cash-strapped after its sales fell by 44.7%in the very first half of 2021, Hankook effectively turned the business around. DSME is now wanting to manage a merger with a competing domestic ship-maker, if it can conquer regulative troubles with EU anti-monopoly laws.

Other South Korean business pursuing NFT-related organization have actually gotten an increase in current days. Previously today, the leading monetary regulator mentioned that it does rule out NFTs to be cryptoassets and hinted that it has no strategies to tax them under brand-new capital gains tax laws.


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