South Korea

Investments

South Korean Capital’s $1 Billion Startup Fund Will Include Blockchain Firms

The Seoul Metropolitan Government has committed over $1 billion to invest in innovative startups by 2022, including blockchain firms.

Business  ·  19 February 2019
Exchanges

Crypto Exchange Bithumb Launches OTC Trading Desk for Digital Assets

Crypto exchange Bithumb has launched a global OTC trading desk for digital assets based in Hong Kong.

Business  ·  8 February 2019
CBDC

Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk

A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.

Policy & regulation  ·  7 February 2019
Regulation

South Korea Will Maintain ICO Ban After Finding Token Projects Broke Rules

South Korea has decided not to lift its ban on domestic initial coin offerings after a watchdog's survey found projects have been violating rules.

Policy & regulation  ·  31 January 2019
Exchanges

4 South Korean Crypto Exchanges Team Up to Tackle Money Laundering

Four major cryptocurrency exchanges in South Korea have partnered on an initiative to combat potential money laundering and protect users.

Markets  ·  28 January 2019
Exchanges

Crypto CEO Sentenced to 3-Year Jail Term for Faking Trading Volume

Two execs from South Korean crypto exchange Komid have been given jail time for faking trading volume and deceiving investors.

Policy & regulation  ·  21 January 2019
Regulation

Two Thirds of Korean Crypto Exchanges Fail Government Security Check

Only seven out of 21 South Korean cryptocurrency exchanges inspected got a full pass in a recent government security audit.

Policy & regulation  ·  10 January 2019
ICOs

The Biggest Problem for ICOs? In 2018, It Was Their Own Investors

Hashed CEO Simon Seojoon Kim looks at the inherent limitations of ICOs, in particular the belief that "anyone can invest in an initial project."

Business  ·  6 January 2019
Hacking

Court Win for Bithumb Exchange in Case of Crypto Investor’s $355K Hack

A South Korean court has ruled in favor of the Bithumb cryptocurrency exchange after a user sued the firm over a $355,000 hack.

Markets  ·  26 December 2018
South Korea

It’s Time for Local Governments to Break Blockchain’s Regulatory Gridlock

How a South Korean governor is moving fast on blockchain, despite a slow national legislature.

Business  ·  25 December 2018
Exchanges

Executives at Korean Crypto Exchange UPbit Indicted for Fraud

Three executives of UPbit, one of South Korea’s largest cryptocurrency exchanges, have been formally charged by the country’s prosecutors.

Policy & regulation  ·  21 December 2018
Supply Chain

South Korean Government Trials Blockchain for Shipping Efficiency Boost

Two South Korean government ministries are exploring blockchain's potential to bring new efficiencies to port logistics.

Business  ·  18 December 2018
Security

South Korea Eyes More Reliable E-Voting With December Blockchain Trial

South Korea's National Election Commission says it is building a blockchain-based voting platform to be trialed in December.

Policy & regulation  ·  28 November 2018
Regulation

Korean Lawyers Urge Government to Draw Up Blockchain Rules

The Korean Bar Association has called on the government to introduce blockchain regulations, ASAP.

Policy & regulation  ·  8 November 2018
Bitcoin

In Korea’s Ruling Party, A Lawmaker Commits to Ending the ICO Ban

A powerful new voice is standing up to South Korea's ICO ban.

Tech  ·  29 October 2018