GS Home Shopping joins TEMCO as a Strategic investor

TEMCO’s blockchain luxury curation platform ‘GUHADA’ has closed 4.5 billion KRW worth of Series A investment, led by Korean Investment Partners, Korea Growth Investment Corp. and POSCO Capital as financial investors (FI), and joined by GS Home Shopping as strategic investor (SI). This deal is rare for a Series A investment deal as a startup has secured both financial and strategic investments at the same time.

Currently alliancing with numerous major luxury suppliers in Europe, TEMCO provides real-time access of global product data using its own enterprise-level blockchain solution and commerce integration technology. Through this, TEMCO became one of most promising tech startups that can ensure the product reliability and reach the top tier in the luxury fashion industry.

This secured funding will be used for innovating TEMCO’s blockchain based supply chain solution and commerce technology. Also, by sharing GS Home Shopping’s expertise and insights, TEMCO will digitalize luxury fashion industry and expand B2B2C commerce global partnerships.

Previously, TEMCO and GS Home Shopping have established the blockchain based supply chain management system that manages the entire production to distribution process of products. GS Home Shopping and TEMCO plan to further develop the technology with new features to fundamentally change the supply chain industry.

Thank you so much for supporting TEMCO.