Local companies such as Kakao had already planned to conduct an ICO.
Considered that Kakao is real internet and fintech giant in the country,
the exchange has access to high-level cybersecurity.
So even if NetMarble or Kakao takes over Nexon, they would
still have the tentacles of Tencent running through their business veins.
For NetMarble, Tencent has a 17.66% stake in the company,
while they have the second largest controlling interest in Kakao at 6.7%.
South Korean FinTech startup Dunamu,
an affiliate of South Korea's largest messaging platform Kakao, has opened its new cryptocurrency exchange
Upbit for testing in a beta phase.
Kakao Corp's popular KakaoTalk messaging application
is arguably the most widely used application in all of Korea, with an estimated 93% of the country's population communicating over the platform.
So, video calls, text messages and payments- that sounds like the basis of a mobile platform in line with services like WeChat in China,
Line in Japan and Kakao in Korea.