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"For US semiconductor companies, who today are the world leaders in chip design, that revenue is super important because roughly a fifth of US semiconductor revenue is reinvested back into research and development that totals billion annually," he said.

"Given that the military exercise clearly puts us as an enemy in its concept, they should think that an inter-Korean contact itself will be difficult unless they put an end to such a military exercise or before they make a plausible excuse or an explanation in a sincere manner for conducting the military exercise," Kwon said.

"Going ahead, the industry will see more innovative and customized services to meet consumers' growing demand," Wang said.

"Following extensive and fruitful work, we are entering into a partnership with the Gao family and I am excited about what we will achieve together," she said. "Today is the start of a new and exciting chapter for our club. Mr Jisheng Gao and his daughter, Mrs Nelly Gao, with whom I have built a close relationship, share our values and ambitions. As a team, we will strive to build upon the strong foundation that is in place toward sustain-able long-term success."

"Governments across the world, including in both China and the UK, are actively exploring the potential to develop, harness, and apply distributed ledger technologies to a wider range of problems and scenarios," said Hedley, who noted that blockchain also appeared in China's 13th Five-Year Plan (2016-20) and has benefitted from more than 0 billion of Chinese investment.