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S Korean Telecoms, Food Giants Team up for Blockchain Project
19.7.2019
Two of South Korea’s most blockchain-keen conglomerates say they will team up for a joint food supply chain project that makes use of the technology.
Telecoms giant KT has sealed a deal with food producer Nongshim’s own tech arm, Nongshim Data System (NDS). The companies say they will create...
S Korean Blockchain Sandbox ‘Leaving Crypto Companies in Limbo’
12.7.2019
Companies hoping to use South Korea’s regulatory sandbox to pioneer blockchain-powered overseas remittance operations have been left treading water – with ministers still undecided as to whether they will grant operating permits seven months after beginning deliberations.
Per media outlet Next...
Korean Watchdog Warns of Financial Stability Risk From Facebook’s Libra
8.7.2019
Facebook's Libra cryptocurrency project threatens the stability of financial systems, according to South Korea's Financial Services Commission
Argentinian, S Korean Local Governments Set New Blockchain Goals
8.7.2019
Local governments around the world are looking to revitalize their economies using blockchain technology.
Officials in the Argentinean province of Río Negro, on the northern edge of Patagonia, have been briefed on the technology underpinning cryptocurrencies. Senior officials were given...
South Korean Parliament Offers Pro-Crypto Advocates a Glimmer of Hope
5.7.2019
Campaigners hoping to sway Seoul away from its two-tiered blockchain and cryptocurrency policy have been buoyed by an announcement from a senior National Assembly committee member – hinting that the country’s parliament may be prepared to lend its support to two pro-cryptocurrency private members’...
Longenesis Brings South Korean Medical Records to the Blockchain
2.7.2019
A new partnership lets patients and doctors store medical records privately on the blockchain using Bitfury's Exonum platform
Major Korean Bank Clamps Down on Accounts Linked to Crypto Exchanges
1.7.2019
One of South Korea’s biggest banks is reportedly planning to intensify regulations on accounts linked to crypto exchanges
South Korean Gaming Companies 'Investing Heavily' in Blockchain Titles
1.7.2019
South Korean IT and gaming companies are racing to release blockchain game titles – and experts say this could lead to a new wave of interest in cryptocurrencies in the country.
Per a report from Fn News, Dunamu – the operator of the Upbit cryptocurrency platform, which fosters its global expansion...
LG Using New Blockchain DApp Platform From Korean Internet Giant Kakao
27.6.2019
Ground X, the blockchain arm of South Korean tech giant Kakao, has launched the mainnet of its Klaytn platform
South Korean FSC Approves ICONLOOP’s Blockchain based Digital Identity Service – my-ID
26.6.2019
South Korean government’s top budgetary controller, FSC (The Financial Services Commission), has reported the incorporation of ICONLOOP’s ‘my-ID’ administration into the ‘Innovative Financial services and Regulations Sandbox’ which was created under the special...
Crypto-keen S Korean Tech Giants ‘Six Months ahead of Facebook’
24.6.2019
A report in South Korea claims that two of the country’s biggest IT companies are hoping their blockchain technology related activities of recent months will help them steal ahead of Facebook and its new Libra project – both domestically and abroad.
Fn News claims that the Kakao Group and Naver–...
Major Korean Crypto Exchange Bithumb Prosecuted for Failure to Protect User Data
21.6.2019
Korean crypto exchange Bithumb has been prosecuted for its alleged failure to take adequate measures to protect personal data, allegedly leading to a subsequent hack in 2017
PR: Legislators Support V20 Summit in Response to New FATF Rules
18.6.2019
Legislators have shown their support for the V20 Summit which is set to take place alongside the G20 Leaders Summit in Osaka, Japan, 28 & 29 June 2019. The event will convene G20 representatives, national blockchain associations, the world’s leading Virtual Asset Service Providers (VASPs)...
Major South Korean Exchange Joins SBI Ripple Asia Payment Solution
17.6.2019
Ripple is continuously growing its network in Southeast Asia. It is continually adding clients to its payment network RippleNet. The major cryptocurrency exchange of South Korea has lately announced to join the chain. Coinone, the major digital currency exchange of the county has joined SBI-Ripple...
S Korean Exchange Joins Ripple’s Cross-border Payment Network
17.6.2019
South Korean cryptocurrency exchanges are looking to expand the scope of their activities – with one of the country’s market leaders joining Ripple’s Asian blockchain pay project.
Coinone, one of the nation’s “big four” exchanges has announced that it is to join SBI-Ripple Asia, an international...
Korean Crypto Exchanges Update T&Cs to Accept Liability for Hacks
17.6.2019
Five South Korean crypto exchanges have been forced to update their terms and conditions to accept liability for potential hacks and service issues
5 South Korean Crypto Exchanges Take On New Responsibility for User Losses
17.6.2019
Five cryptocurrency exchanges in South Korea, including Bithumb, have increased their liability to users in line with demands from regulators
Appetite for Blockchain Tech Builds Among Korean Banks, but Without Crypto
15.6.2019
Banks and former officials in South Korea turn to blockchain for fintech improvement but still without incorporating cryptocurrency
S Korean Crypto-Pay Company Dragged into Mega Burning Sun Scandal
13.6.2019
Seungri. Source: a video screenshot, Youtube/CNBC Indonesia
A South Korean cryptocurrency payments platform Nupay is the latest company to be pulled into the aftermath of the long-running major Burning Sun K-pop drug, sex and prostitution scandal.
The scandal originated with a police investigation...
Major Korean Bank Signs MoU With Atomics Lab to Explore Crypto Asset Management
11.6.2019
Major South Korean commercial lender KB Kookmin Bank has signed an MoU with blockchain technology firm Atomics Lab to jointly explore digital asset management solutions