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South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains
9.12.2019
Capital gains taxation on crypto transactions could be introduced by the first half of 2020, South Korea’s Ministry of Economy and Finance has confirmed
South Korea to Donate $5 Million to WHO for Humanitarian Aid in North Korea
6.12.2019
South Korean government will donate $5 million to the World Health Organisation (WHO) for the first time in 5 years. The donation will help provide humanitarian aid in North Korea, which will make medical treatment more accessible for women and children. The announcement was made by the unification...
South Korea Telecoms Giant Ramps Up Blockchain Roaming Deal With China
5.12.2019
KT Corporation and China Mobile stay committed to blockchain rollout as part of a deal to boost roaming
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
UpBit Hack: Stolen ETH Worth Millions on the Move to Unknown Wallets
3.12.2019
One of the addresses associated with the Upbit theft last week has successfully moved $1.5 million in Ether to an unknown wallet
Kakao to Launch Browser Extension Wallet for Klay Crypto Before Dedicated App
2.12.2019
Kakao's in-development wallet for its "klay" cryptocurrency will support dapps and tokens based on the firm's blockchain tech. The bad news is the launch has been delayed
Regulatory Roundup: Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia
2.12.2019
Some major regulatory developments in the crypto space have transpired this week. Not only has Germany passed a bill allowing banks to sell and store cryptocurrencies, but South Korea and Thailand are also amending their laws to better regulate the crypto industry. We also cover crypto news...
UpBit Promises Swift Reimbursement, Theories Over Missing Funds Swell
28.11.2019
Details are still sketchy after UpBit hack, although some experts are skeptical to call it an “inside job.” Meanwhile, exchange’s operator confirms they are planning a quick reimbursement
Klaytn Blockchain Ahead of Facebook’s Libra Network, Says Kakao CEO
28.11.2019
The CEO of Kakao said that the Klaytn blockchain is similar to Facebook’s Libra network but more developed
Signs Point to Inside Job in Upbit Crypto Exchange Hack, Says Commentator
27.11.2019
In the wake of a 342,000 ETH theft from South Korean crypto exchange Upbit, commentators deem an inside job to be more likely than a hack
BREAKING: Crypto Exchange UpBit Confirms Theft of 342,000 Ether — $50M
27.11.2019
South Korean crypto exchange UpBit has confirmed that 342,000 ETH was sent to an unknown wallet and customer losses will be compensated
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...
South Korea Progresses Bill to Provide Legal Foundation for Cryptocurrencies
26.11.2019
The national policy committee of the South Korean National Assembly has approved a bill that would provide a legal basis for cryptocurrencies in the country
South Korea Might Put Cryptocurrency Exchange AML Offenders to Jail
26.11.2019
South Korean regulators and parliamentarians are rapidly building up a legal framework that will help them police cryptocurrency exchanges, with non-compliant exchange operators potentially facing jail time.
Per news outlet Ilgan Today, the regulatory Korea Financial Intelligence Unit is seeking...
China's Dive Into Blockchain, Digital ID Spurs Rest of World to Action
24.11.2019
How is China implementing blockchain in the public sector and will it be a blockchain-driven country of the future?
South Korea to Make Government-led USD 383m Blockchain R&D Drive
22.11.2019
The South Korean government will stump up USD 383 million worth of funding for Seoul-led blockchain research incentives over the next six years.
Per a report from ZDNet Korea, the country’s Ministry of Science and ICT plans to utilize the funds to develop original blockchain technology, with...
South Korea Takes Legal Step to Stamp Out Unregistered Crypto Exchanges
21.11.2019
A legal amendment to an act addressing the South Korean crypto industry would criminalize unregistered exchanges, but has loosened other requirements
LG and Kakao Partner to Bridge Public and Private Blockchains
21.11.2019
LG’s IT affiliate and Kakao’s blockchain subsidiary, Ground X, are teaming up to bridge public and corporate blockchains
Bithumb Global Launches Native Token for Exchange Ecosystem
12.11.2019
Bithumb plans to launch a native token on top of its namesake blockchain next year
Did South Korea Just 'Sentence Blockchain Gaming to Death'?
11.11.2019
South Korean gaming industry representatives say that the government may have doomed blockchain gaming to oblivion – after a regulator banned Infinity Star, a game that makes use of Ethereum ERC 721 Non Fungible Tokens (NFTs).
Late last week, the Game Rating and Administration Committee (GRAC)...