HomeCryptocurrencyBusiness Giant Hankook Prepares Cryptocurrency, NFT Move

Business Giant Hankook Prepares Cryptocurrency, NFT Move

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Source: Adobe / fabioderby

Hankook Prepares !

Hankook Technology, a South Korean conglomerate and part of a business group that includes one of the world’s largest tire manufacturers ( Hankook Tire & Technology ), announced that it is forking into and non-fungible tokens ().

According to Fn News, the business group will present its plans at a meeting to be held at its headquarters in Chung-gu, Seoul on December 24.

The company explained that it will seek to develop businesses “using NFT and ,” aiming to align this move with its real estate business. The firm plans to create blockchain and -based asset trading and real estate brokerage services, as well as blockchain-related real estate development business lines.

The CEO of the firm explained:

“THIS IS THE FIRST TIME A COMPANY HAS COMBINED THE SALE OF REAL ESTATE AND CRYPTOCURRENCY. THIS NEW SALES PARADIGM WILL BE A GAME CHANGER IN THE SALES MARKET OF THE FUTURE. ”

Hankook Technology plans to release an NFT or crypto asset that will allow parties to pay construction costs, contracts and real estate sales, and plans to hire a new director – an “expert” who can “combine cryptocurrency with real estate sales.” market.”

Hankook has made significant strides in non-core operations in recent months. Using its minority shareholder status in Daewoo Shipbuilding and Marine Engineering (DSME), a troubled shipbuilding company that found itself out of cash after its sales fell 44.7% in the first half of 2021, Hankook successfully turned the company around. DSME now hopes to merge with a rival domestic shipbuilder if it manages to overcome regulatory difficulties with EU antitrust laws.

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Other South Korean companies in NFT-related businesses have received support in recent days. Earlier this week, the chief financial regulator said it did not consider NFTs to be cryptoassets and hinted that it had no plans to tax them under the new capital gains tax legislation.

Meanwhile, NCSoft , the game developer behind Origins Headlines, recently announced plans to launch a game that will use NFT next year – with Bloomberg reporting that the new game helped drive stock prices up a record 30%, which helped her “to reach the highest level since August.”

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