LG Electronics, based in South Korea, has expanded its operations into blockchain and cryptocurrency.
Plans for Blockchain and Cryptocurrency by LG
LG Electronics shareholders approved “blockchain-based software” development and “selling and brokerage of cryptocurrency” as two new business areas at the company’s Annual General Meeting on March 24.
Despite the fact that cryptocurrency sales and brokerage are listed in LG’s corporate charter, the company does not appear to be planning to create a digital exchange just yet. “Nothing has been determined yet,” a firm spokeswoman stated in response to a question about whether the company planned to create a trading platform for digital assets. We’ve only highlighted a few business topics in general.”