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Nalezeno "South Korean": 1023

South Korean Co-Working Space Operator SparkPlus Turns to Blockchain

17.12.2019
Seoul-based SparkPlus plans to open co-working centers in properties listed on the blockchain funding platform Kasa Korea

South Korean Police Charge Operators of USD 18m Bogus ‘Thai Crypto’

16.12.2019
South Korean prosecutors in the city of Daejeon have busted what appears to be a USD 18.4 million multi-level pyramid scheme centering around a fake token. Per news agency Yonhap, police say that executives from at least one unnamed company convinced “a large number of investors” to invest in...

Accusations Pile Up Against ‘Big’ South Korean Exchange

12.12.2019
The storm around an unnamed major South Korean cryptocurrency exchange is continuing to rage – with a senior politician allegedly involved, an ongoing assault/kidnapping case ongoing and now claims of artificially inflated trading volume figures. As previously reported, the head of a major...

South Korean Government Falsified Report Claiming 10% Tax on Crypto Transactions

9.12.2019
The Ministry of Finance of South Korea has put an end to the speculations and claims that were hovering over the Korean crypto industry in the past few weeks by refuting the report that stated that the regulatory authority had imposed 10% income tax on cryptocurrency investments. Cryptocurrencies...

South Korean Startup Claims to Have Solved Blockchain’s Speed Problem

4.12.2019
South Korean startup reportedly develops a new technology that reduces blockchain transaction times to fractions of a second

Police Hit CEO of ‘Top 3’ South Korean Exchange with Assault Wrap

28.11.2019
South Korean cryptocurrency exchanges are enduring a torrid week – with the CEO of what media outlets are calling a “top-three” crypto trading platform facing assault and extortion charges. Per Maeil Kyungjae, police in Gangnam, Seoul, have charged the unnamed exchange’s CEO, who for legal reasons...

South Korean Committee Passes Bill Enforcing FATF Crypto Rules

27.11.2019
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task...

Big South Korean Companies Continue Blockchain Spending Drive

18.11.2019
South Korea’s biggest businesses are continuing to dominate the nation’s blockchain industry. Per news outlet Maeil Kyungjae, the country’s Software Policy & Research Institute has revealed that seven out of South Korea’s top 10 largest companies have begun integrating blockchain technology...

South Korean Exchange CEO Sentenced to 16 Years in Prison

13.11.2019
A South Korean district court has sentenced executives of a local crypto exchange to prison. The CEO of the exchange got a 16-year jail sentence while other executives and their accomplices got between six and 11 years. They duped thousands of investors, promising them up to 200% return within...

8 South Korean Crypto Exchange Execs Jailed in USD 386m Fraud Wrap

12.11.2019
Source: iStock/st_lux A court in South Korea has jailed the head of cryptocurrency exchange Coinup for 16 years, after convicting him of fraud. Eight other executives from the exchange were also given jail time, with the company’s vice president given an 11-year prison term. The Seoul court ruled...

Korean Presidential Committee Pushes to Legalize Crypto

31.10.2019
A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto...

More Than Thirty South Korean Firms Come Together to Launch a New Blockchain ID Verification Platform

24.10.2019
Taking pride in being South Korea’s largest English daily, The Korea Herald has reported that over thirty South Korean firms are coming together to curate and put to use an ID verification solution governed by the blockchain technology. The top-tier thirty business houses and firms have partnered...

800+ South Korean Companies Dealing in Crypto Despite ‘Dead’ Market

22.10.2019
South Gate of Seoul. Over 800 South Korean companies are doing business in cryptocurrencies, per figures compiled by the regulatory Financial Supervisory Service (FSS). Aju News reports that a parliamentary committee asked the FSS to reveal how many companies in the country had corporate...

South Korean Trade to Venture into Blockchain by 2021, Says Government

16.10.2019
South Korean Trade finance is about to take a leap in the blockchain according to the news by the local press. The government is on a spree to consolidate a foundation for seamless digital trade, at the same time cutting down the blockchain costs by around 90%, with introducing blockchain...