Coinplug

Founded in 2013, Coinplug is a bitcoin startup that operates a crypto exchange, mobile wallet and bitcoin pre-paid card services available at convenient stores in the country. Coinplug works with a wide range of financial institutions including Shinhan Bank, Hyundai Card, KB Card and KB Kookmin Bank, and engages with a number of government entities including the Korea Internet Services Agency (KISA) and Korea Post, and with the Busan City Blockchain De-regulatory Zone. Coinplug raised 7.5 billion won (US$6.4 million) in October 2019 from venture arms of major local financial institutions, which it said it would use the new financing on decentralized identification technologies.