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Nalezeno "South Korean": 889

South Korean Doctor Says Blockchain ‘Must Be Used’ to Fight Crisis

3.11.2020
A South Korean doctor said that it is an “inevitability” that medics in the country will turn to blockchain and other industry 4.0 technology advances in the wake of a flu vaccine error that has killed at least 59 people. Kim Mi-ri, an ear, nose and throat specialist who works in Seoul’s busy...

South Korean Regulator Bans Privacy Coin Trading, Beefs up Crypto AML

2.11.2020
South Korea’s financial regulator is flexing its muscles with a series of new amendments to forthcoming crypto regulations – with new anti-money laundering (AML) provisos and a ban on privacy coin trading. On Monday, Per Fn News and ZDNet Korea, as well as Paxnet, the regulatory Financial Services...

Leading South Korean Hospital Group Readies Blockchain Move

30.10.2020
South Korean hospitals could be set to usher in a new era of industry 4.0-era healthcare, and will look to use blockchain technology to upgrade the quality of the medical care they provide. Taking the lead is one of the country’s most prestigious hospital groups, Yonsei Medical Center, whose Vice...

South Korean, Mongolian Banks Prepare Crypto, Digital Fiat Offerings

29.10.2020
The Genghis Khan Equestrian Statue in Ulaanbaatar, Mongolia. Asian banks are edging yet closer to crypto and digital currency adoption – with South Korean and Mongolian banks unveiling ambitious new developments in the wake of reports of the launch of Singaporean giant DBS’ forthcoming digital...

EY, Samsung SDS & Naver-Line Consortium Bids to Test South Korean CBDC

22.10.2020
There has been mixed news for the central Bank of Korea (BOK) as it prepares to launch its first pilot for the digital won. The bank is still yet to make an official decision on whether it will actually launch the central bank digital currency (CBDC) or not, but recently claimed that it would...

South Korean MP Calls Tax Authority's Bithumb USD 67m Bill ‘Baseless’

9.10.2020
South Korean trading platform Bithumb has won a powerful supporter in its quest to fight an unprecedented multi-million tax bill after an MP and parliamentary finance committee member claimed the nation’s tax authority’s USD 67m tax bill – served to the crypto exchange late last year – has no legal...

South Korean Central Bank to Launch CBDC Pilot in 2021

7.10.2020
The South Korean central bank, the Bank of Korea (BOK) has announced that it is to begin a central bank digital currency (CBDC) pilot next year, in conjunction with major firms and domestic banks. Per Seoul Shinmun and the Fourth Journal, the BOK has stated that it has completed the design...

South Korean MP Calls on Seoul to ‘Urgently’ Boost Crypto Innovation

7.10.2020
Korean lion dog statue and the National Assembly building, Seoul. A politician has called on South Korea to “urgently” prioritize the development of crypto security technology – stating that blockchain-powered finance is now an inevitable reality for the country, and the rest of the world. Lee...

South Korean Bank NH Launches Blockchain-powered Document Wallet

29.9.2020
South Korean financial services provider Nonghyup (NH Bank) has begun issuing over a dozen forms of digital certificates using a blockchain-powered system and an e-wallet that will be able to hold hundreds of types of blockchain-verified forms of authentication. Per the Electronic Times, the bank’s...

NFT Issues Freeze South Korean Gaming Regulator into Inaction

25.9.2020
The debate about blockchain gaming, non-fungible tokens (NFTs) and regulation continues to rumble on in South Korea – with the nation’s gaming commission speaking out about its reasoning for long delays in issuing ratings to blockchain game developers. As previously reported, video game developer...

South Korean Crypto Exchanges Search for ‘Seamless’ AML Solutions

19.9.2020
With just months to go before new legislation comes into force requiring all of South Korea’s crypto exchanges to implement strict anti-money laundering (AML) policies, the race is now on to adopt solutions ahead of time – and avoid falling foul of the law. So which AML solutions are South Korean...

South Korean Police Seize Shares From Major Bithumb Shareholder

18.9.2020
South Korean police have seized shares in Bithumb, the country’s biggest crypto exchange. The shares belong to Bithumb Korea director and major shareholder Kim Byung-Geon. According to a local media report, the police raid – the third on the exchange this month – follows...

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