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The largest Korean venture capital fund experiments with blockchain.

According to the Crunch Base, the largest venture capital firm in South Korea, Korea Investment Partners (KIP) invested an undisclosed amount of money into Temco Labs and became project’s lead investor.

Temco is a blockchain-based startup that aims to revolutionize supply chain management systems for small and medium-sized businesses (SMEs). The system allows vendors to track and share the movements of products from distribution to eventual consumption on a blockchain

Company KIP is famous for early investments in major Korean enterprises such as the country's largest web search engine, Naver, and Kakao, the operator of the country's leading mobile messaging app Kakao Talk.

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