{"id":9730,"date":"2022-03-31T03:17:19","date_gmt":"2022-03-31T03:17:19","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/meet-the-steel-company-that-wants-to-become-an-nft-brokerage\/"},"modified":"2022-03-31T03:17:21","modified_gmt":"2022-03-31T03:17:21","slug":"meet-the-steel-company-that-wants-to-become-an-nft-brokerage","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/meet-the-steel-company-that-wants-to-become-an-nft-brokerage\/","title":{"rendered":"Meet the Steel Company that Wants to Become an NFT Brokerage"},"content":{"rendered":"<div>\n<figure class=\"image\"><figcaption>Source: Adobe\/\u0412\u0430\u043b\u0435\u0440\u0438\u0439 \u041c\u043e\u0438\u0441\u0435\u0435\u0432<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>A publicly listed South Korean steel company has reiterated its intention to reposition itself as a crypto brokerage and NFT issuer.<\/p>\n<p>The firm \u2013 <strong>Jaeil Steel<\/strong> \u2013 is listed on the <strong>KOSDAQ<\/strong> exchange, but at a summit of major and minority shareholders, agreed to change its name to <strong>Jesco Holdings<\/strong>. The company first announced its intentions back in mid-March, Newsis reported at the time, following the resignation of one of its directors \u2013 who left in January to head a Swiss subsidiary of the <strong>BitMEX<\/strong> crypto exchange, as reported by the exchange itself.<\/p>\n<p>The former director has since \u201cdecided to maintain a close cooperative relationship\u201d with the firm and its \u201cnew virtual currency and NFT projects,\u201d Fn News reported yesterday.<\/p>\n<p>A number of proposals made by minority shareholders were rejected at the meeting. The minority shareholders \u2013 a group of six individuals \u2013 had opposed the crypto move, and had gone so far as to file an application for an injunction at the Ansan branch of the Suwon District Court last month.<\/p>\n<p>The group had demanded that new directors and auditors be appointed, but appear to have failed in their bid to derail the company\u2019s plans to \u201cgo crypto.\u201d The majority shareholders stated that they had \u201crejected\u201d the injunction application \u201caccording to due legal procedures.\u201d<\/p>\n<p>Instead, the firm reiterated its wishes to change its business avenues to include a digital contents business, a virtual reality platform development department, a blockchain-based software development arm \u2013 as well as \u201cvirtual currency-related business operations.\u201d<\/p>\n<p>It also outlined its wishes to launch a range of NFT services, including minting, authentication, brokerage, and sales \u2013 in addition to continuing with its steel-related business operations.<\/p>\n<p>In March, the firm also said it would appoint a number of experts in fintech, crypto, and NFTs as \u201coutside directors.\u201d<\/p>\n<p>Per EDaily, the firm posted annual operating profits of over USD 4.3m in February, in addition to a growth of over 120% in sales.<br \/>____<br \/><strong><\/strong>\u00a0<br \/>&#8211; Another Expensive NFT Gets Mistakenly Sold at Large Discount &#8211; How Does That Happen?<br \/>&#8211; Former Mt. Gox CEO Releases \u2018Commemorative\u2019 NFT Collection<\/p>\n<p>&#8211; NFTs in 2022: From Word of the Year to Mainstream Adoption &amp; New Use Cases<br \/>&#8211; Ukraine Launches NFT Museum of War to Help its Army and Civilians<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Source: Adobe\/\u0412\u0430\u043b\u0435\u0440\u0438\u0439 \u041c\u043e\u0438\u0441\u0435\u0435\u0432 \u00a0 A publicly listed South Korean steel company has reiterated its intention to reposition itself as a crypto brokerage and NFT issuer. The firm \u2013 Jaeil Steel \u2013 is listed on the KOSDAQ exchange, but at a summit of major and minority shareholders, agreed to change its name to Jesco Holdings. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-9730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Meet the Steel Company that Wants to Become an NFT Brokerage | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/nft\/meet-the-steel-company-that-wants-to-become-an-nft-brokerage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meet the Steel Company that Wants to Become an NFT Brokerage | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"Source: Adobe\/\u0412\u0430\u043b\u0435\u0440\u0438\u0439 \u041c\u043e\u0438\u0441\u0435\u0435\u0432 \u00a0 A publicly listed South Korean steel company has reiterated its intention to reposition itself as a crypto brokerage and NFT issuer. The firm \u2013 Jaeil Steel \u2013 is listed on the KOSDAQ exchange, but at a summit of major and minority shareholders, agreed to change its name to Jesco Holdings. 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