TechFlow news, blockchain infrastructure provider Blocko confirmed that Lotte Group's marketing subsidiary has decided to invest 50 billion KRW (approximately $3.84 million) after conducting due diligence for over two months. This investment is expected to advance Blocko's listing process on Korea’s KOSDAQ stock exchange.
Earlier reports indicated that in April this year, South Korea's Lotte Group planned to invest 50 billion KRW in blockchain infrastructure provider Blocko to enter the crypto asset business. Founded in 2014, Blocko's core business involves providing hosted services. In 2018, it developed the blockchain mainnet Aergo and launched its native cryptocurrency, AERGO.




