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Home News Korea University and Huobi Subsidiary announced partnership

Korea University and Huobi Subsidiary announced partnership

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In the name of “industry-academia” cooperation in the field of blockchain development, Korea University is reportedly teaming up with the South Korean subsidiary of crypto exchange Huobi.

Huobi was originally founded in Beijing in 2013, though it is now headquartered in Singapore, with branches in the US, Japan, Hong Kong, and China. The new South Korean subsidiary was opened on March 30, which facilitated the trading of 100 cryptocurrencies in 208 markets. Currently, the Huobi Pro global exchange ranks third worldwide in terms of trading volume.

According to Seoul Daily, the head of Korea University’s Cryptography Center at the Graduate School of Information Security Professor Kim Hyung-jung said they hoped “to be able to conduct empirical research not only on [the] academic aspects of blockchain but also on realistic applications through cooperation with exchange.”

The agreement connecting one of South Korea’s most prestigious universities with Huobi Korea looks forward to bridge academic research of the innovative technology with products helpful for the industry.

Huobi Korea’s CEO reportedly looks at the partnership as a way to “expand the base of domestic blockchain technology research and technical education,” while also accepting the fact that they “have been promoting this industry-university cooperation in order to be reborn as a technology company.”

In June, Huobi also reportedly teamed up with Chinese and South Korean firms to initiate an investment fund designed to facilitate the growth of blockchain startups and promoting collaboration between them.

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