Korean Rental Specialist ZipToss Enters Strategic Partnership with Blockchain Services Provider Agit

January 9, 2023
Share this Post: 

Korean real estate trading platform ZipToss has teamed up with real estate services provider Agit to move closer to the blockchain.

ZipToss is a specialist, regulated rental platform for foreign (specifically Chinese and English-language) tenants moving to Seoul, while Agit is an alliance of companies that provides real estate services including contracts, moving, and cleaning via blockchain technology.

The two companies will jointly develop blockchain-based products and services linked to real estate electronic contracts and brokerage services. They will also actively promote each other through marketing to increase awareness and competitiveness for each respective platform.

The partnership will also see ZipToss and Agit collaborate on developing new business models related to housing, living, and leisure and recruiting strategic partners.

Jaeyoon Lee, CEO at ZipToss, said:

"We plan to maximize the know-how accumulated through various challenges in the real estate brokerage market over the past 8 years from 2015 by joining the Agit Alliance.

"We will gather our capabilities to become a market leader through non-face-to-face electronic contracts and customized brokerage based on actual products."

The Korean housing market is interesting because it is dominated by its vast number of brokerages—where most housing buildings have their own designated brokers.

ZipToss' move into more tech-savvy services does somewhat mirror similar business expansions by another major Korean player, Zigbang, made last year; Agit also offers internet of things (IoT) services similar to the Samsung SDS' IoT unit.



Read more

January 9, 2023
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 1932382865
$13 Billion Adevinta Takeover Deal To Go Ahead After 11th Hour Drama

The acquisition bid made by Aurelia Bidco for the Oslo-listed online marketplace operator Adevinta has finally reached the approval threshold...

Read More
Shutterstock 2245599643
Zillow Adds Individual Room Listings to Its Portal

The U.S. real estate portal Zillow has announced the addition of individual room for rent listings to its portal. The...

Read More
Blank 705 X 430 5
Immowelt's German Parent Company Rebranded to 'AVIV Germany'

The local parent company of the German real estate portal Immowelt has changed its name to 'AVIV Germany'. Immowelt is...

Read More
Untitled Design 15
REA Group Sees Strong Domestic Growth in HY1 Results

The Australian real estate marketplace operator REA Group has released its results for the first half of its 2024 financial...

Read More