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South Korea Vows to Pump USD 111m into Blockchain R&D over Five Years
30.6.2020
South Korea has pledged to inject USD 111 million into the development of blockchain technology, with central government-sponsored research flowing until at least 2025.
The move is the brainchild of the nation’s Ministry of Science and ICT, which has worked jointly on the initiative with...
South Korea OKs Blockchain Certificate Use in Public, Private Sectors
30.6.2020
The South Korean government will allow the use of blockchain-powered public certificates beginning in December this year.
Per Hanguk Ilbo and UPI News, Seoul says that it will make amendments to the nation’s existing Electronic Signatures Law that will allow for citizens and companies to make...
South Korean Government Turns to Blockchain Tech to More Reliably Store Clinical Diabetes Data
29.6.2020
The government has asked startup Sendsquare to develop a proof-of-concept blockchain registry to help analyze, anonymize and store clinical diabetes data
South Korea Looks to Track Crypto Transactions in Light of Recent Scandal
27.6.2020
A South Korean government agency aims to trace crypto transactions conducted on the dark web by developing an AI-based software
Hyundai Adds Another Piece to Their Growing Blockchain Ecosystem
26.6.2020
Hyundai embraces the blockchain and crypto industry with three trademark registrations
Bithumb Exchange to Reportedly File for IPO in South Korea
24.6.2020
The South Korean exchange is reportedly looking into a stock market launch despite local regulatory uncertainty
South Korean Economist Warns New Tax Laws May Slow Down Crypto Market Growth
23.6.2020
South Korea economist worries that tough regulation would slow down crypto’s growth
South Korea Developing Solution that Hunts Down Dark Web Crypto Deals
23.6.2020
Source: Adobe/Антон Медведев
A South Korean government agency will develop software that will trace the movement of cryptocurrencies on the dark web. The move is a direct response to the Telegram Nth Room case, a rape and sexual exploitation video ring that has flummoxed police.
Per New Daily,...
Blockchain Tech May Soon Fuel Medical Tourism in South Korea
20.6.2020
A consortium aims to strengthen medical tourism in South Korea by launching a blockchain-powered platform
South Korean Soccer League Tokenizes Players for Fantasy Football Game
18.6.2020
A new licensing agreement between the South Korean soccer league and Sorare will bring on over 400 K League players on to the fantasy soccer platform
South Korea’s Finance Minister Confirms Plan to Tax Cryptocurrency
17.6.2020
Although scant on details, South Korea’s finance minister has confirmed that taxes will be imposed on cryptocurrency in the country
South Korea Announces USD 680M ‘Digital New Deal’ + More News
16.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Blockchain news
The South Korean government has announced a USD 680 million spending plan on a post-COVID 19 “Digital New Deal,”...
Blockchain Bites: JPMorgan on Bitcoin, South Korea on CBDCs and the Porn Industry on Crypto
15.6.2020
JPMorgan bond analysts think bitcoin has passed its first stress test while South Korea's central bank is continuing to research CBDCs
South Korea to Review Legal Issues Surrounding Potential CBDC Launch
15.6.2020
The Bank of Korea has tapped six experts to assess possible legal issues surrounding the launch of a central bank digital currency
South Korean Experts Say Crypto is a Poor Safe-Haven Asset
12.6.2020
A leading South Korean professor from the Hongik University does not believe cryptocurrencies are safe from market recession
South Korean Police on the Hunt for Ethereum Crime Ring Masterminds
12.6.2020
The Seoul Metropolitan Police seize two unnamed local crypto exchanges in an effort to dismantle an ETH-related crime ring
South Korean Insurance Giant to Use Blockchain Tech for Mobile Messages
11.6.2020
South Korean insurance giant KB Insurance plans to implement a blockchain-enabled mobile message delivery system for its clients
South Korean Merchants Open to Accepting Digital Yuan
10.6.2020
An article published by Yonhap suggests that South Korean merchants are open to accepting digital yuan as a payment method in the near future
South Korea’s NH Bank Forms Blockchain Financial Services Consortium
10.6.2020
The South Korean NH NongHyup Bank has announced a memorandum of understanding to research and develop blockchain-based financial services through a new consortium
South Korea Edges Closer to CBDC Rollout Without Any Comitment
9.6.2020
The Gwangandaegyo or Diamond Bridge in Busan, South Korea. The South Korean central bank has reaffirmed its digital currency plans – but continues to add disclaimers, refusing to commit to launching a digital version of its won fiat currency.
Per newspaper Hankyoreh, the central Bank of Korea (BOK)...