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Briefing
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- New Blockchain Consortium – Formed by established finance companies and technology startups in South Korea to develop tools that manage securities trade processes, cutting on costs and operational risks
- Membership – Composed of 27 members, including Daishi Securities, which is already pursuing own blockchain applications, Dongbu Securities, Yuanta Securities Korea, and Kiwoom Securities
- Earlier Public-Private Consortium – Established by South Korean government in October 2016, backed by major banks and the Financial Services Commission (FSC) that will create a task force to regulate blockchain technology, forums for information sharing, and platform for joint projects execution
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Accelerator
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Sector
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Financial Services
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Organization
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Daishi Securities Co. Ltd., Dongbu Securities Co. Ltd., Kiwoom Securities Co. Ltd., South Korea Financial Services Commission, Yuanta Securities Korea Co. Ltd.
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Source
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Original Publication Date
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December 12, 2016
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