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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)...
Binance Enters Korean Market With New Business Entity
1.11.2019
Binance may have taken another step toward launching a crypto exchange arm in South Korea, according to a new business registration
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...
Korean Government to Back Blockchain Startups With $9 Million Fund in 2020
29.10.2019
The Korea Internet Security Agency will be supporting blockchain-related projects in 2020 with about $9.0 million in funding
As China Goes Blockchain, South Korea Pledges New Investment
29.10.2019
After China announced its new focus on the blockchain technology last week, South Korea follows suit with additional investments.
The country's government will invest some USD 12.8 million in blockchain projects in 2020, the Ministry of Science and ICT has confirmed.
Per Fn News, the ministry...
South Korea’s Jeju Island Announced the Launching of Blockchain Ecosystem for Tourism Industry
26.10.2019
Jeju Island, a Korean tourist destination, will soon have a blockchain-based ecosystem for its tourism industry. The Olefang Global Consortium of Chinese, Japanese, and Korean companies led by iFang Korea is developing the ecosystem, which will include restaurants, hotels, car rentals, and shops....
South Korea to Shug off WTO’s ‘Developing Nation’ Tag
25.10.2019
In a new development that could set a precedent for many other countries, the government of South Korea today announced that it is going to voluntarily drop the ‘developing’ nation tag at the World Trade Organization. Over the years, there has been a lot of discussion about the fact that there...
Binance Joins Council of Internet Giant Kakao’s Blockchain Project
22.10.2019
Major cryptocurrency exchange Binance is joining the governance council of Klaytn, a blockchain project led by South Korean internet giant Kakao
Major Korean Banks Join Government-Backed Blockchain ID Initiative
21.10.2019
Institutions including the Shinhan and NH Nonghyup banks have joined a blockchain identity initiative aimed to securely share personal data