South Korea-headquartered LG Electronics has added blockchain and cryptocurrency to its business portfolio.
LG’s Blockchain and Crypto Game Plans
At the Annual General Meeting on March 24, LG Electronics’ shareholders approved “blockchain-based software” development and “sale and brokerage of cryptocurrency” as two new business areas.
Although LG has included the sale and brokerage of cryptocurrency in its business charter, it doesn’t seem to be opening a digital exchange just yet. Replying to a question if the company plans to open a trading platform for digital assets, a company spokesperson said, “Nothing has been decided yet… We just mentioned business areas in a broad manner.”
However, LG Electronics has been working with the blockchain company GroundX and NFT solution provider Seoul Auction Blue to introduce Smart TVs with NFT features, a version of which was introduced last month, according to a local news report.
In the past year, LG has exited from smartph
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