GlobeNewswire
Strategic move affirms VivoPower’s commitment to the important South Korean market
VivoPower presented at XRP Seoul and attended Korea Blockchain Week
South Korea holds $30 billion of XRP circulating supply, representing 20% of the total
VivoPower International PLC a publicly traded company listed on NASDAQ with an XRP-centric treasury strategy, announced the establishment of a South Korean office and the appointment of a local representative director, Mr. Chris Kim. This affirms VivoPower’s long-term commitment to the strategically important South Korean market and follows a successful week where VivoPower presented at the XRP Seoul event together with its partner, Girin’s Doppler Finance, and attended Korea Blockchain Week.
Mr. Kim is a seasoned venture capitalist who has successfully managed his own funds as the managing partner of Lean Ventures and previously worked for Platform Partners Asset Management, Pine Venture Partners, Union Investment Partners, Hyundai Corporation, and Mitsui & Co. in Canada.
Mr. Kim said: “I am honored to be joining the VivoPower team and look forward to helping expand its activities and presence in the South Korean market. South Korea is a digital asset-friendly ecosystem with a very high rate of XRP ownership across the population, and VivoPower is well-positioned to engage with this community and beyond.”
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Mr. Kevin Chin, Executive Chairman and CEO of VivoPower, said: “We are delighted to welcome Mr. Chris Kim to the VivoPower team, given his extensive rolodex and deep knowledge of the South Korean market. As announced previously, we see South Korea as a strategic long-term market for us in the context of building our XRP focused digital asset treasury and decentralized finance solutions business unit, as well as our other businesses.”
VivoPower International PLC (NASDAQ: VVPR) is a sustainability-driven enterprise undergoing a digital treasury transformation. The Company’s new direction centers on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications.
Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining.
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