Hancom, the South Korean software giant, has announced that it has launched a crypto subsidiary called the Arowana Hub.

According to source The company is looking to start its blockchain and cryptocurrency business by launching a cryptocurrency trading platform.

The new crypto company will be led by Jun Dong-wook, the former head of Hancom MDS software development, who also has experience building crypto-backed payment platforms.

The crypto subsidiary plans to distribute so-called “Arowana” coins to all of its distribution and marketing plans, including those coming from Hancom Group affiliates.

An official from the Hancom Group commented:

to run a projectarowana“More directly and transparently, we set up a local operating company after much review and consideration.

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We plan to run it, and we will take the lead in creating a healthier market by successfully creating a virtuous cycle of shared value and coexistence.

According to the aforementioned source, “Arowana Hub” seeks to combine blockchain, artificial intelligence and cloud technologies to enhance services related to cryptocurrencies by issuing digital vouchers and codes and even implementing special and distinctive procedures.

In fact, the company said it plans to open a beta program of Hancom Pay and the Arowana Digital Gold Voucher Service as its first service at the end of the month.

Digital Token Revenue Distribution:

According to the revenue of the tokens, the division and distributions will be determined as follows:

Partners will use a portion of the revenue generated by the token business to buy back the same tokens to contribute to increasing the value of the digital token.

In addition, the partners return a portion of the profits from the distribution of the token to Arwana Huband prepare Arwana Hub A strategy to create an efficient ecosystem for the cycle by reinvesting all proceeds solely in the business of a project arowana .

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Additionally, other local tech giants have shown some interest in blockchain and crypto.

Recently, Naver, Kakao and LG all expressed their interest in submitting their own bid to be part of the won digital prototype program to be run by the Bank of Korea (BOK).

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