Compared to the Q1 of 2020, the gross domestic products of South Korea came down by 3.3 percent in the second quarter of 2020. This is considered to be the biggest collapse since the late 1990s, the Asian financial crisis.

A South Korean crypto consultant believes that the fintech industry based on cryptocurrency technologies will <a href="http://www.koreaherald.com/view.php?ud=20200728000553" target="_blank" rel="noopener">improve</a> their momentum in the market.

While sharing his views on the fintech industry’s movement amid the outbreak of COVID-19 pandemic, the CEO at Cryptocurrency Rebalancing, Baek Chun-soo, said, “Some industries, like retail, are on the wane, while fintech is accelerating the ‘fourth industrial revolution,’ despite the recent economic downturn caused by COVID-19. Fintech businesses utilizing digital coins will gather steam down the road.”
<h2>South Korean Crypto Expert Consults G Coin Operator</h2>
To date, a total of 13 tokens have been listed on Korean crypto exchanges and the person who helped in this process is presently in talks with G coin operator for initial public offerings.  

It is to be noted that the Ethereum-based coin would be used as a platform that could predict the price of the coins and it would also be comprised of coins that can undergo a burning process to lessen the total supply, in circulation.
<h2>Baek Developing Crypto Investment Healthy Environment</h2>
Recently, Baek has stated that when he thought of starting investing in cryptos, he searched for a long-term value investment. He further stated that he had earned a substantial profit from 13 cryptos and soon after that, started working as a coin consultant. 

While Baek started working as a consultant, he started preparing an environment that is healthy for crypto investment.

An unknown person recently asserted that initially, he did not know anything about crypto-investment but in recent times, he is one of the professional investors in coin

The person had stated that compared to the price of coins, the mining costs of Bitcoin are fixed at a certain level. 

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South Korean Crypto Expert: Crypto-Based Fintech Firms Will Come Out As A Winner After COVID Pandemic Is Over

A South Korean crypto consultant believes that fintech industry based on crypto technologies will be improving their momentum in the market.

Jyoti is a graduate from GGSIPU and has done her PG Diploma in English Journalism from IIMC. Presently, she is working as a content writer with Agio Support Solution Pvt. Ltd. Her aim is to provide informative content about cryptocurrency and blockchain, to the tech-enthusiasts.

South Korean Crypto Expert: Crypto-Based Fintech Firms Will Come Out As A Winner After COVID Pandemic Is Over

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