{"id":67987,"date":"2018-07-15T09:00:40","date_gmt":"2018-07-15T16:00:40","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=67987"},"modified":"2026-04-29T12:03:02","modified_gmt":"2026-04-29T11:03:02","slug":"korea-blockchain-weeks-seek-to-solve-some-of-cryptos-most-pressing-problems","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/korea-blockchain-weeks-seek-to-solve-some-of-cryptos-most-pressing-problems\/","title":{"rendered":"Korea Blockchain Weeks Seek to Solve Some of Crypto\u2019s Most Pressing Problems"},"content":{"rendered":"

South Korea<\/a> has always played a crucial role in crypto development and proliferation. As one of the most technologically connected societies in the world, South Korea is ideally positioned to participate in the burgeoning crypto movement.<\/p>\n

In fact, despite a relatively small population, South Korea only falls behind Japan and the U.S., two countries with substantially larger populations, in Bitcoin<\/a> adoption. Moreover, the country\u2019s 52 million people account for 17%<\/a> of all Ethereum<\/a> trades, and 2\/3 of the world\u2019s crypto exchanges reside in South Korea.<\/p>\n

\"Korean
Related:\u00a0Korean Banks Held $1.79 Billion in Crypto During the 2017 Bull Run<\/a><\/figcaption><\/figure>\n

Recently, South Korean officials were busy making the digital economy more viable in the country. In addition to legalizing crypto exchanges, it seems increasingly likely that ICOs will be sanctioned as well. For a country so immersed in the crypto economy, this is undoubtedly good news.<\/p>\n

However, the crypto boom hasn\u2019t been unambiguously positive for South Korea. According to The Verge<\/a>, 30% of traditional, salaried employees and 80% of millennials invested in cryptocurrencies during their precipitous rise.<\/p>\n

Now that prices are down, many investors are reeling. The impact is so severe that South Korea\u2019s prime minister noted that \u201cserious distortion or pathological social phenomena\u201d are resulting from the so-called Bitcoin bust.<\/p>\n

Therefore, it is particularly apt that South Korea is preparing to host a flurry of cryptocurrency and blockchain related events at its annual Korea Blockchain Week<\/a>. The five-day event features thousands of attendees, dozens of speakers, and a packed schedule focused on the industry\u2019s most controversial aspects.<\/p>\n

More Than Just Meetings<\/h2>\n

Of course, Korea Blockchain Week is more than just meetings<\/a>. Before throwing a free \u201clast man standing\u201d party featuring a DJ and an open bar, the iCapital Blockchain Party<\/a> presents a compelling panel discussion hosted by CNBC\u2019s Ran Nue-Ner. The panel features 14 industry leaders from across the blockchain space, and it includes members of iCapital, MarketAcross, and eToro.<\/p>\n

\"Korea
Related:\u00a0Korea Will Fuel the Development of dApps and Base Blockchain Layers Like Ethereum, EOS and NEO<\/a><\/figcaption><\/figure>\n

This particular panel is primarily comprised of industry leaders from South Korea and Israel, and it\u2019s expected to produce insights to bridge these two burgeoning crypto economies. Focusing on emerging industry trends and the rapid expansion of the blockchain ecosystem, panel presenters, and audience members will grapple with the implications of these changes while developing news ideas the industry\u2019s development.<\/p>\n

Both countries are experiencing prolific blockchain adoption so a better understanding of processes and market intricacies will help support more successful implementation to benefit them both.<\/p>\n

Conference attendees also have access to a collection of meetups that provide intellectual content as well as practical business opportunities. For example, the Blockchain Partners Summit includes opportunities for product demonstrations and pitch meetings for interested investors.<\/p>\n

A Flurry of Presenters<\/h2>\n

When it comes to thought leadership and education, the week\u2019s most expansive event is the Beyond Blocks Seoul Summit<\/a>. This sold out summit is a two-day event with a packed schedule. Prominent industry figures from around the world are set to present on topics including regulation, mass adoption, and payment structures \u2013 three prominent issues in the blockchain realm.<\/p>\n

\"\"
Related Story:\u00a0Hedge Fund Billionaire Mike Novogratz to Launch Crypto Merchant Bank<\/a><\/figcaption><\/figure>\n

The event\u2019s most recognizable presenter, Michael Novogratz, frequently made headlines this year for his outspoken support of cryptocurrencies\u2013 he first planned to launch a crypto-focused hedge fund before deciding to start a merchant bank<\/a> instead \u2013 and he often has an international platform through CNBC and other networks.<\/p>\n

Outcomes May Vary<\/h2>\n

In many ways, South Korea is a microcosm of the decentralized economy. The mass adoption that characterizes the country is quickly being established on an international scale, and the associated problems that plagued South Korea exist on a global scale as well. By bringing together experts and enthusiasts, Korea Blockchain Week may help facilitate new ideas and better solutions for the industry going forward.<\/p>\n

From the beginning, cryptocurrencies were a collaborative enterprise that brought people together with a shared enthusiasm for the digital age. That spirit is being rekindled this week in South Korea, and the event promises compelling content for attendees and for the platforms that they return home to build.<\/p>\n","protected":false},"excerpt":{"rendered":"

South Korea has always played a crucial role in crypto development and proliferation.<\/p>\n","protected":false},"author":20,"featured_media":67992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nKorea Blockchain Weeks Seek to Solve Some of Crypto\u2019s Most Pressing Problems<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/korea-blockchain-weeks-seek-to-solve-some-of-cryptos-most-pressing-problems\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Korea Blockchain Weeks Seeks to Solve Some of Crypto\u2019s Most Pressing Problems\" \/>\n<meta property=\"og:description\" content=\"South Korea has always played a crucial role in crypto development and proliferation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/korea-blockchain-weeks-seek-to-solve-some-of-cryptos-most-pressing-problems\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-15T16:00:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-29T11:03:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/korea-blockchain-week-social.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reuben Jackson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Korea Blockchain Weeks Seek to Solve Some of Crypto\u2019s Most Pressing Problems\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reuben Jackson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/korea-blockchain-weeks-seek-to-solve-some-of-cryptos-most-pressing-problems\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/korea-blockchain-weeks-seek-to-solve-some-of-cryptos-most-pressing-problems\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/reuben-jackson\/#person\",\"name\":\"Reuben Jackson\",\"url\":\"https:\/\/cryptoslate.com\/author\/reuben-jackson\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/reuben-jackson\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/reuben-jackson\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/author-reuben-jackson.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/author-reuben-jackson.jpg\",\"caption\":\"Reuben Jackson\"},\"jobTitle\":\"Contributor\",\"description\":\"Reuben is a blockchain security expert and a freelance writer living in New York along with his wife and two adorable children. 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