Korea's Unique Ability To Make Its Reverse ICO Fad Permanent: Expert Take

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Korea's Unique Ability To Make Its Reverse ICO Fad Permanent: Expert Take

Post by phATstax00 » Wed Jun 06, 2018 8:21 am

By the end of the last century, the Republic of Korea (South Korea) leveraged macroeconomics, industrial engineering, and other relevant fields of knowledge to bring invaluable efficiencies to government-backed heavy industries and become a globally competitive economic powerhouse. Industrial output went from zero to one. On a national scale, South Koreans skillfully mastered economics and technology to catalyze an industrial revolution and rapidly enrich their economy. Once again, by leading the charge with the "reverse" ICO, South Korean companies are hoping to harness the efficiencies that microeconomics and cryptocurrency engineering bring to venture ecosystems to renew national competitivity and prosperity.

Reverse ICO, or reverse initial coin offering, is now a standardized term in the parlance of entrepreneurial South Korea. Not being native English speakers, the Koreans did not coin the term. They might as well have though. The present generation of South Koreans has embraced the economics and technology of cryptocurrencies for wealth generation with the same fervor the previous generation exercised macroeconomics and industrial engineering.

For more established South Korean businesses with active customers and a revenue history, conducting a reverse ICO is the new rage in going public. Business owners, or promoters, see the reverse ICO as a relatively inexpensive method of fundraising and a faster path to liquidity. The present crop of South Korean reverse ICOs include ventures that provide products and services ranging from online content to craft beer to life insurance. Inopportune conditions for IPO promoters, the appealing alignment of economic interest provided by tokens, and a dearth of attractive investment opportunities are the principal reasons the trend may endure.

https://cointelegraph.com/news/korea-s- ... xpert-take

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