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Renault Inks Partnership With The Sandbox to Bring Automotive Experiences to the Metaverse
6.9.2022
The Korean subsidiary of Renault, a historic brand in the automotive industry, is establishing a partnership with The Sandbox, an Ethereum-based metaverse platform, to enter the metaverse space. With this partnership, Renault Korea’s objective is to establish its brand presence in...
Mysterious Elon Musk-themed Crypto Hackers Take Over S Korean Gov’t YouTube Channels
5.9.2022
Multiple South Korean government-run YouTube channels have been hacked by what, at first glance, appear to be crypto scam operators....
Read More: Mysterious Elon Musk-themed Crypto Hackers Take Over S Korean Gov’t YouTube Channels
Elon Musk-crypto video played on S. Korean govt's hacked YouTube channel
4.9.2022
The hacked YouTube account was restored within four hours following a proactive intervention from the South Korean government, confirmed a local news agency
South Korean Government’s Youtube Channel Hacked to Play Crypto Video With Elon Musk
4.9.2022
The official Youtube channel of the South Korean government has been hacked on Saturday and those who did it, broadcasted a cryptocurrency-related clip. The video also featured billionaire and crypto enthusiast Elon Musk, local media reported quoting sources in Seoul. Hackers Air Interview With...
LG to Launch Crypto Wallet Wallypto Later This Year
2.9.2022
LG, the South Korean electronics giant, is currently developing a cryptocurrency wallet app that will be launched later this year. The wallet, called Wallypto, will be part of a new business phase for the company, which recently abandoned its mobile hardware business and pivoted to software...
South Korean authorities arrest 16 individuals connected to $2B crypto forex transactions: Report
31.8.2022
More than $283 million of the $2 billion in crypto transactions were reportedly facilitated through illegal remittance agencies
S. Korean City Busan Taps FTX to Develop Crypto Exchange, Promote Blockchain Businesses
31.8.2022
Busan aims to position itself as a blockchain hub in the coming years and signed on crypto exchange Binance for similar efforts last week
South Korean Telecoms Giant LGU+ Moves Deeper into NFT Space
29.8.2022
LGU+, one of South Korea’s biggest telecoms firms, will issue a new batch of non-fungible tokens (NFTs) next month – as it looks to move further into the crypto and blockchain sectors....
Read More: South Korean Telecoms Giant LGU+ Moves Deeper into NFT Space
South Korean central bank eyes MiCA, says future regulations may allow ICOs again
29.8.2022
A Korean translation of the EU regulatory framework gave the Bank of Korea food for thought, and it shared its views on ICOs, stablecoins and protecting innovation
Binance to Help South Korean City of Busan Grow Crypto Adoption, Develop Blockchain Ecosystem
28.8.2022
Binance is helping the South Korean city of Busan “grow crypto adoption within the city and beyond.” The global crypto exchange will also support the development of the city’s blockchain ecosystem and the Busan Digital Asset Exchange. Binance Signs MOU With Busan City...
178 South Korean Darkweb Users Arrested on Suspicion of Crypto-powered Drug Trading
26.8.2022
Police in Seoul, South Korea, have arrested 178 people on suspicion of buying and selling drugs online using cryptoassets as a means of payment.
According to JTBC, Seoul Metropolitan Police officers said they had arrested 12 suspected drug dealers and 166 of their alleged customers, stating that...
Binance to Help South Korean City of Busan Launch a ‘Digital Assets Exchange’
26.8.2022
The crypto exchange giant Binance will set up shop in South Korea’s “blockchain hub” city of Busan – and although the firm will not be opening a token trading platform in the nation as of yet, the company could help the city launch an exchange of its own....
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Crypto Exchange Binance to Help S. Korean City of Busan Develop Its Blockchain Industry
26.8.2022
Binance and Busan signed a Memorandum of Understanding (MoU) whereby Binance will provide services and education to support the city's blockchain development
Ex-S. Korean Finance Minister Yong-Beom Kim Appointed as CEO of Hashed Open Research
25.8.2022
Yong-beom Kim, the former First Vice Minister of the Korea Ministry of Economy and Finance, has been appointed as the CEO of Hashed Open Research, the research arm of Seoul-based venture capital firm Hashed
‘7 South Korean Securities Firms Will Launch Crypto Exchanges in 2023’ – Report
23.8.2022
A slew of major South Korean securities companies – many of which may be affiliated with major commercial banks and business groups – could be set to launch crypto exchange platforms as early as next year.
Per Newspim, “seven large domestic securities companies” have already applied to financial...
South Korean financial majors want to create virtual assets exchange in 2023: Report
22.8.2022
Samsung Securities, Mirae Asset Securities and Shinhan Financial Investment are among the financial heavyweights in talks with the government to create the exchange
Seven S. Korean Brokerages Plan to Start Crypto Exchanges Next Year: Report
22.8.2022
Authorities in the country have been trending towards stricter oversight since the TerraUSD collapse
Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges
20.8.2022
The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can...
South Korean Kok Play Token Masterminds Reportedly Face Prosecution Probe, Investors 'Must Escape Now'
19.8.2022
South Korean prosecutors are reportedly set to investigate the company behind an Ethereum (ETH)-based altcoin named Kok Play over allegations of fraud.
The coin is, per its white paper, the brainchild of the Kok Foundation, and has been listed on a number of large international crypto exchanges....
Korean financial watchdog to block tens of unregistered exchange websites
18.8.2022
Korea's Financial Intelligence Unit is cracking down on foreign-based cryptocurrency exchanges that are yet to register with relevant authorities in the country