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DeFi market has room for growth in Korea: 1inch co-founder — KBW 2022

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Korea’s DeFi journey is just getting started. 1inch co-founder Sergej Kunz reveals the decentralized finance aggregator’s plans to expand at KBW 2022.

Speaking to Cointelegraph during Korean Blockchain Week 2022 on Monda, co-founder Sergej Kunz said that despite the DeFi market being relatively small in Korea and Asia, there are a number of Asia-based Web3 companies that 1inch is looking to partner with.

“As soon as people understand that they can [yield] farm, they can swap, they can exchange and get easy access to cryptocurrencies on Ethereum with a few simple EVM-compatible networks, the market will grow a lot.” “Here, there are a lot of people who like gaming and a lot of things like that, so I think the DeFi market can grow a lot in South Korea.”

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