The Republia Group and PaxNet was a merger
There was a merger of two companies, the Republia Group and PaxNet.
PaxNet is one of the leading companies in the Korean market, there is also a media channel in its group. The total number of users in PaxNet has 6.5 million users, the media group has up to 12 million television connections. Also the company’s assets are traded on the stock exchange. Exchange KOSDAQ. Since the merger took place, the Republia Group and PaxNet created a joint venture, PaxChain, which is registered in the Republic of Korea. In the near future, the sites and the name of the project will be updated on — PaxChain. The project will be developed on the Asian market, first of all on the Korean market, also PaxChain team will focus on the European market. Collaboration with the companies giants and the government is already planned. Korea is a very fast-growing market that opens doors for the blockchain, which is why the management of the Republia Group decided to merge with PaxNet. Since the project is fully funded by PaxNet, Public Sales will not be carried out, as this will not be necessary. PaxChain will have two offices — in Seoul and in Kiev. Thanks to the merger of Republia and PaxChain team, big changes are coming in the field of Blockchain technology!