Hansang Lee, CEO of SK Planet, who is in charge of the blockchain business of SK Group in South Korea, announced today at the first shareholder meeting after the spin-off of SK Square that SK Group’s cryptocurrency “SK Coin (tentative name) will be released in the second quarter. Complete the development of blockchain-related services and the release of the white paper, which will be issued in the third quarter and listed on the exchange in the fourth quarter.
If this plan is implemented, SK Square will become the first subsidiary of the top 10 Korean conglomerates to develop a local crypto token.
Earlier news, SK Square, a subsidiary of South Korea’s SK Group, established a blockchain task force (TF) responsible for the cryptocurrency business and plans to issue cryptocurrencies.