Share this article
South Korea's Largest Venture Firm Backs First Blockchain Startup
Korea Investment Partners, the largest venture capital firm in South Korea, just invested in its first blockchain startup.
Updated Sep 13, 2021, 8:26 a.m. Published Oct 2, 2018, 5:00 a.m.
Korea Investment Partners (KIP), the largest venture capital firm in South Korea, is investing in its first blockchain startup.
Announced Tuesday, KIP is investing an undisclosed amount of money into Temco, a blockchain-based startup that aims to revolutionize supply chain management systems for small- to medium-sized businesses (SMEs) using blockchain technology. Specifically, according to Temco's website, vendors can track the movements of products from distribution to eventual consumption on a blockchain, and then share the data as well.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Temco is more than prepared to disrupt contemporary supply chain process," Jong Hyun Kim, the fintech investment board member of KIP, stated in the official press release, adding:
"Not only does Temco exceed existing business solutions, but also is a prime example of the potential of blockchain technology."
KIP is widely regarded for investing in major billion-dollar Korean enterprises such as the country's largest web search engine, Naver, and Kakao, the operator of the country's dominant mobile messaging app Kakao Talk.
The news further signals a thawing of some resistance to the still-nascent blockchain industry, after domestic financial regulators in South Korea laid down strict restrictions for the sale and other operations of cryptocurrency about a year ago. Since then, there has been considerable renewed support for friendlier policies toward blockchain.
For instance, in early August, the governor of Jeju province, Won Hee-ryong, proposed allowing South Korea's Jeju Islands to become a so-called "free zone" for crypto startups that want to conduct initial coin offerings (ICOs).
Plus last month, the South Korean government was reported to be investing over $880 million in 2019 to boost technological innovation in the country, with a portion of that fund going into developing blockchain technology for "data management security and boosting the sharing economy."
Korean money image via Shutterstock
Больше для вас
Что нужно знать:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Больше для вас
These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
Что нужно знать:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Top Stories
