[Asia Economy Reporter Jang Hyowon] HancomWITH's stock price is also showing strength following news that Arowana Token, created by Arowana Tech in which HancomWITH invested, surged after being listed on a cryptocurrency exchange.
As of 9:49 AM on the 21st, HancomWITH is trading at 13,100 KRW, up 1.95% from the previous day.
On the 13th, HancomWITH announced its investment in the global digital asset company Arowana Tech. The Arowana project aims to provide a digital platform that enhances trust in the gold distribution process through blockchain technology and contributes to the legitimization of the gold business.
The day before, Arowana Token, created by Arowana Tech, was listed on the cryptocurrency exchange Bithumb. The initial price of Arowana Token was 50 KRW, but it once recorded 53,000 KRW, more than 1,000 times the price of the listed company. It is currently trading around 34,000 KRW.
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