On the 1st October, CoinPlug, a Fintech company specializing in blockchain technology using bitcoins, announced that it had secured US$4.2m (KRW 5b) in investments from domestic investors. Atinum Investment lead the investment along with other investors including KB Investment and SBI Investments. Uh Jun Sun CoinPlug’s representative said, “This investment activity from local investors highlights the rising importance of blockchain technology”. He added the company was, “Delighted that CoinPlug has become the first blockchain…

eBook store ‘Ridibooks’ just announced an $8 million investment from Neoplux, Atinum Investment, Company K Partners, and Mirae Asset Ventures. Ki-sik Bae, a representative from Ridi Corporation has gained notoriety in the local publishing market as he has consistently been dedicated to returning around 75% of the profits from sales on his platform to the writers since 2008. This was around the time that the first iPhone was released. During a previous…