First Generation Domestic Blockchain Entrepreneur, Kim Tae-won Has Died

Representative Kim Tae-won of Glosper, who received attention as a first-generation entrepreneur on the domestic blockchain, passed away.

According to industry officials on the 13th, Kim was found dead at Ilsan Paik Hospital on the 12th and the exact cause of death is unknown.

Kim Tae-Won’s Journey

Born in 1985, CEO Kim Tae-won graduated from the Department of Computer Engineering at Dongguk University, after joining Korea Credit Rating Information, he became interested in blockchain, and in 2014, founded LC Company, a blockchain company.

Since then, Kim launched ‘Bitcoin’, Korea’s second virtual asset (cryptocurrency) exchange in 2015. And launched the first ‘Bitcoin’ based international bitcoin money transfer service in the same year.

In 2017, he founded five junior colleges and Glossoper, issued Hycon virtual assets in 2018, and made his name known to the domestic blockchain industry. Since then, he has undertaken various blockchain-related public projects, such as the development of the blockchain-based local currency Nowon-gu.

CEO Tae-Won Kim received the Minister of Small and Medium Enterprises award at the ‘2022 Venture Entrepreneurship Award,’. Dan served as Vice President of the Korea Blockchain Industry Promotion Association and Director of the Korea Fintech Industry Association.

Grossper, led by Kim, acquired a stake in GMR Materials, a company listed on KOSDAQ, through Glossfer Holdings. The wholly owned subsidiary in September last year, and became the company’s largest shareholder. After that, GMR Materials changed its name to Glosser Labs, and Kim became CEO.

However, it was in December of the same year, when Glosper Labs suddenly announced that it would acquire 74.5% of Glosper’s shares from Kim for 25 billion won. This is because it corresponds to the total stake in Glossfer held by Kim.

“Kim was prepared in the special funeral room of Ilsan Paik Hospital. It is now 7:30 am on the 15th, Osanri Christian Memorial Park.”

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