A new South Korean exchange called Coinlink opened for trading at 10:00am KST on the 18th of September. Bitcoin, Litecoin and Ethereum markets are open against the South Korean Won, with Zcash and Ethereum Classic soon to follow.
Coinlink is the first exchange in Korea to be operated by a KOSDAQ-listed company, Fourth Link, through its subsidiary, Certon. Fourth Link are looking to build a global network of exchanges through strategic partnerships in countries such as Vietnam, Cambodia, Hong Kong and Singapore.
Various incentives and events are being held to promote the launch of Coinlink, including a Samsung Galaxy Note 8 event, in which members who have signed up to Coinlink and purchase a Galaxy Note 8 or Galaxy S 8 will receive 100 days in free transactions.
Other initiatives include two weeks of free transactions for new subscribers and deposits of 1000 Won into user accounts.
In addition to the five coins initially being made available for trading, Coinlink have listed a number of other currencies currently being reviewed for listing. These include NEO, Ripple, OmiseGo, NEM, Stratis, Ark, Golem, IOTA, Steem and EOS.
The process outlined for a new coin to be listed includes requests from the general public, a marketability, technology, and business review by the Coinlink listing review committee, and a final decision by the Coinlink board of directors.
The Coinlink listing review committee will be made up of prominent figures from both the Korean and international blockchain industry, and will be officially launched in October.