South Korea is now a major cryptocurrency market. Its top two crypto exchanges - Upbit and Bithumb - are among the top 25 exchanges in the world and combine for a daily trading volume of over $200 million. The Ministry of Science and ICT also announced that it will be investing $9 million to pilot blockchain projects in the public sector. The projects involve using the technology for online voting, customs clearance, supply chain management, logistics, real estate, and, cross-border e-document distribution.