Contracted Local Representation

This arrangement provided a practical framework for international companies to maintain a local business presence during the early development of Korea's digital asset market.

Blockchain Korea's contracted local representation model provided international blockchain and digital asset companies with a dedicated local operating function, without the immediate need to establish a Korean subsidiary. Under commercial service agreements, local activities were conducted in accordance with the overseas headquarters' business strategy, corporate policies and operational guidelines.

Scope of Services

• Local Business RepresentationServing as the designated Korean contact for customers, exchanges, financial institutions and business partners.
• Outsourced Business OperationsCoordinating local commercial activities, meetings, vendors, documentation and day-to-day business requirements.
• Headquarters CoordinationExecuting approved business plans, maintaining operational reporting and ensuring alignment with corporate objectives.
• Market Development SupportManaging local partnerships, customer engagement, marketing initiatives and business development activities.
• Future Subsidiary EstablishmentSupporting the transition to a Korean subsidiary or joint venture when commercially and legally appropriate.

Operating Framework

The model was structured around flexible outsourcing and service agreements, allowing international companies to develop their Korean operations while retaining strategic control and corporate oversight at headquarters.