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Previous Work: https://www.xrpchat.com/topic/7598-ripplegates-foundationindia/?tab=comments#comment-99889 https://www.xrpchat.com/topic/9189-ripple-india/ https://www.xrpchat.com/topic/9760-ripple-singapore-bahrain-the-uae/?tab=comments#comment-97143 ***THIS IS ALL SPECULATION*** The Korean Government Similar to other Asian Pacific countries, South Korea is being proactive on adopting financial technology. As a society, Korea is trending towards being cashless with credit and bank cards becoming the primary means of conducting trade. http://www.koreatimes.
I came across this article that states that the Bank of Korea tested R3's Corda between 28 institutions. A Google translate of the Korean article contained the following statements: As a result of applying the block chain technology to the banking business, it is said that it is premature. The transfer of funds is slow and the failure recovery is difficult. On the other hand, security was good. (..) The Bank of Korea (BOK) said, "From September last year to January of this year, the Bank of Korea (KDB) conducted a fund transfer test between 28 institutions including banks, secu