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Big South Korean Companies Preparing For 'Crypto-powered' Era

12.8.2020
More and more big South Korean companies are registering trademarks for crypto exchanges, wallets and other crypto-related services in an attempt to "prepare for the upcoming era of crypto asset-powered finance," per a new report. According to Chosun, recent moves from conglomerate...

South Korean’s Silicon Valley Turns to Blockchain-powered Pay

11.8.2020
Seongnam, a major satellite city on the outskirts of the capital Seoul, South Korea, is set to expand its blockchain-powered payment program with a new digital gift certificate issuance project. The new platform will make use of an app called Chak, and will be built by the Korea Minting...

South Korea’s Largest Bank Unveils Bitcoin Custody Services

9.8.2020
KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with...

Another Major S Korean Bank Now Set to Join Bitcoin Custody Race

7.8.2020
Kookmin Bank (KB), one of South Korea’s biggest commercial banks, could be set to move into crypto sector business after the KB Group, the company that operates the bank, signed a “digital assets” cooperation deal with three major domestic blockchain firms. And it looks as though KB could...

Blockchain-based Pay’s the Way for South Korean Highways

7.8.2020
Blockchain-powered payments are coming to South Korea’s highways – with the nation’s motorway operator sealing a deal that will see it use blockchain technology to power toll payments across the country before the end of the year. Per D Daily, KEB Hana Bank, one of the nation’s biggest commercial...

How a South Korean Crypto Firm Became a Global Face Mask Exporter

4.8.2020
A “medium-sized” South Korean crypto firm that built a facial mask factory as a response to the coronavirus pandemic has doubled down on its new line of business – and has won Amazon approval to start exporting its personal protective equipment to “Europe and the United States,” as well as approval...

South Korean Politician Pushes for Tougher Crypto Exchange AML Rules

4.8.2020
Source: Adobe/david_franklin More restrictive anti-money laundering (AML) compliance measures could be incoming for South Korean crypto exchanges after a lawmaker lodged a private member’s bill in the National Assembly. The National Assembly, South Korea’s parliament, will likely debate and vote...

Pack Your Bitcoin: Busy South Korean Beach Says ‘Yes’ to Crypto

29.7.2020
Haeundae Beach. Holidaymakers at Haeundae, South Korea’s busiest and most popular beach, will be able to pay for services such as sun umbrella and inflatable tube rentals in bitcoin (BTC), ethereum (ETH) and other tokens next month. Haeundae Beach, in South Korea’s second city Busan, is a...

Local Stabelcoin in Sleepy South Korean County Is a Runaway Success

27.7.2020
Statue of the Lying Buddha of Miamsa Temple in Naesan-myeon, Buyeo-gun, South Korea. A quiet South Korean county with a high proportion of elderly residents said its blockchain-powered local stablecoin is booming, with USD 48.5 million worth of tokens used since the coin was issued last year. Buyeo...

Angry South Korean Crypto Traders Threaten to Quit over New 20% Tax

25.7.2020
Active crypto traders in South Korea said they are prepared to walk away from the scene forever – slamming “unfair” 20% crypto trading tax law proposals unveiled by the government earlier this week. It is a sign, perhaps, of what traders in other nations will have to deal with in the near future...

South Korean Crypto Tax Plans to Be Unveiled this Wednesday

21.7.2020
The South Korean government is reportedly set to unveil further details about its plans to introduce tax for cryptoasset holders. Per an unsourced report by SBS CNBC, Seoul will unveil a document outlining its proposals in a Tax Law Amendment bill – to be unveiled on July 22. The bill will seek...

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