Brian Jeong remembers the frenzy that swept through South Korea this time last year.

Z-POP Dream, a global entertainment platform headquartered in South Korea, said Friday it would make use of blockchain technology to discover the next K-pop superstar and build infrastructure in the pop music scene.

The South Korean government is drafting major new industry classification standards for the domestic blockchain industry, local crypto news outlet The BChain reports Thursday, July 5.

For months, Seoul resident Ye-won Oh monitored cryptocurrency markets voraciously, refreshing her phone practically every minute of every day.