By acquiring company listed on KOSDAQ, MemeCore enters South Korean market

An important step in MemeCore’s expansion into the South Korean market has been taken with the official announcement that the Singapore-based blockchain company has begun the acquisition process for a company listed on the KOSDAQ.

Redefining meme coins as enduring cultural and financial assets is MemeCore’s goal as a leader in the viral economy, the company said in a statement on Wednesday.

The project’s proprietary Proof of Meme (PoM) consensus algorithm, which boosts the on-chain value and connectivity of various community-driven meme coins, propels the introduction of a new paradigm known as Meme 2.0.

MemeCore recently gained international attention for being the second-largest owner of $TRUMP and attending a private dinner that former US President Donald Trump hosted.

MemeCore co-founder ICE was present at the invite-only event, which was only open to the top 25 holders of $TRUMP. This indicates that the project is becoming more and more well-known worldwide.

“By acquiring a KOSDAQ-listed company, we aim to establish a stronger foothold in South Korea — one of the most active markets in crypto trading — and further accelerate our expansion into the region,” said Jun, Chief Executive Officer of MemeCore.

The acquisition is a calculated move that puts MemeCore in a position to register as a Virtual Asset Service Provider (VASP) and obtain ISMS certification in Korea.

The foundation for a strong domestic dApp ecosystem based on MemeCore’s native mainnet will also be laid by this milestone.

To concentrate on Web3 innovation and digital assets, the acquired company is anticipated to realign its business operations.

Several listed companies are currently the subject of negotiations and due diligence by MemeCore.

Following the acquisition, the project intends to introduce community-powered dApps and MRC-20 token services in a sequential manner that are specific to the Korean market.

Designed specifically for Meme 2.0, a paradigm shift that transforms meme coins from transient fads into long-term cultural and economic movements, MemeCore is the first Layer 1 blockchain.

By rewarding content virality and transaction activity, the company uses the viral economy model to make sure that every meaningful interaction contributes to a sustainable, value-generating ecosystem.