Memecore is preparing to enter the Korean market by acquiring the company listed on Kosdaq

Memecore, a startup focusing on Singapore memes, plans to enter the Korean market by purchasing a company listed on the Kosdaq Stock Exchange.

According to a recent press release from the company, the Layer 1 blockchain project has declared it is currently in the negotiation stage for the acquisition of a South Korean listed company. The company has declared it is currently reviewing several companies listed on one of the country’s leading stock exchanges.

At the press conference, the company has not announced the names of the companies listed on Kosdaq that it plans to purchase. However, they revealed what they intend to do after the acquisition. The company hopes to take the next step by registering a license for ISMS certified and virtual asset service providers in Korea.

Memecore CEO Jun said the company is hoping to expand its operations into the Korean market as demand for digital assets in the region is growing.

“By acquiring a company registered with Kosdaq, we aim to establish a stronger foothold in Korea, one of the most active markets in crypto trading, further encouraging expansion into the region,” Jun said.

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Memecore Eyes Korea’s Crypto Boom

The adoption of cryptocurrency has been a hot topic in Korea, considering both presidential race candidates support the initiative. Recently elected president Lee Jae-Myung hopes to legalize domestic crypto ETFs and invest $884 billion from the national pension funds in crypto assets.

According to bank data, in South Korea, a third of South Korea’s population owns crypto assets, totaling up to $74.5 billion worth of assets.

Memecore recently made the headline when he became the second largest owner of the official Trump memecoin, which owns 1.3 billion Trumps (Trumps). The company was invited to an exclusive dinner with President Donald Trump on May 22 for the Top 220 Meme Coin Holder. Ice, co-founder of MemeCore, took part in the event on behalf of the company.

The company hopes to “redefine the meme coin as a permanent cultural and economic asset” by introducing a new wave called Meme 2.0, known as Meme 2.0.

The protocol argues that meme evidence works to increase the on-chain value and connectivity of various community-driven meme coins in the market.

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