From Left: Foundation X Ceo, Sungjae Hwang and Leroy Mah, Interim NEM Korea Head

The MoU with Incublock is not the only partnership and signing that NEM has made in South Korea. NEM has also signed an MoU with Foundation X, a South Korean based blockchain accelerator. The MoU was signed between Leroy Mah, Interim NEM Korea Head and Sungjae Hwang, the CEO of Foundation X back in July 2018.

“We believe Nem’s blockchain technology platform and education infrastructure will create many synergies in the Korean market. We welcome our partnership with Nem,” said Foundation X’s Sungjae Hwang.

The signing of the MoU will see NEM assist Foundation X in the co-development blockchain accelerator programs, provide blockchain education through the Blockchain Business Studygroup program as well as run Hackathons and blockchain bootcamps with South Korean education institutions.

“Foundation X is more than a South Korean blockchain accelerator as they have projects and good relationships with key industry players globally and so does NEM with our physical offices and global ecosystem of projects. Hence we are very excited to work together to connect the fast-growing blockchain industry of South Korea globally and vice versa.” adds NEM’s Leroy Mah