Primas in Korea: How blockchain projects around the world are turning to Korea for global reach

Primas
is devoted to the building of an Internet for content that can be trusted

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SEOUL, SOUTH KOREA - Media Outreach - 20 November 2018 -  Continuing the recent
expansion into Korea, on November 9th, Primas held an offline meet-up in Seoul.
In attendance were hundreds of blockchain enthusiasts, investors and representatives
from research institutes across the country. This was the first sizeable
offline event since the Primas Token’s (PST) listing on Korea’s largest
exchange – Bithumb.

 

In attendance, Kitty Lan,
Co-founder of Primas, revealed to the audience: “Korea is one of the most
important markets in Primas’ global development strategy with the community on
Kakaotalk and the Primas Naver already established and growing. Our Korean team
has been assembled and we have reached strategic partnerships with some local Korean
teams.”

 

Taking a strategically
very open stance to cooperation in the country, the Primas team made the most
of their time visiting a large number of blockchain and non-blockchain
companies, including the Head of Gifto in Korea, and the Head of Pentabase.

 

Primas see the current
state of the Internet as being filled with, fake news, plagiarism and generally
low quality content as a result of the click economy and relationship between
centralized platforms and ad services. Primas stands as an alternative to
this system with the belief that the single defining factor in whether online
content should be seen, monetised and believed, is quality. 

 

Kitty expressed Primas welcoming any
Korean company, research institute, blockchain project or content platform to
step forward and help each other in achieving a more credible Internet.

 

Korean market has always
been enthusiastic for blockchain technology.

 

Korean traditional media
outlets have associated blockchain news portals with even some TV stations
planning blockchain-related programs.

 

The Korean Institute of
Science and Technology (Kaist), often referred to as Korean MIT, has also
started extensive research around blockchain technology and is actively working
with blockchain companies.

 

At the end of this month,
Korea will host 2018 BUIDL Seoul, which is Korea’s largest blockchain
technology summit so far, aiming to promote communication between blockchain
practitioners, technology developers, and researchers worldwide. It is expected
more than 400 blockchain technology developers from around the world will
participate.

 

Primas has accepted the
invitation and will attend the summit.