South Korea

Regulation

South Korea’s Financial Watchdog Warns Investors Over Crypto Funds

South Korea's Financial Services Commission has warned the public to exercise caution when investing in cryptocurrency funds.

Policy & regulation  ·  24 October 2018
Regulation

South Korea to Decide on ICO Legality in November, Official Says

The South Korean government will decide in November whether it will again permit initial coin offerings in the country.

Policy & regulation  ·  11 October 2018
Investment

Seoul Mayor Plans $100 Million Fund to Build Blockchain Smart City

The mayor of Seoul plans to invest $100 million over the next five years to develop the South Korean capital as a smart city powered by blockchain.

Markets  ·  8 October 2018
Regulation

South Korea’s Policy Chief Calls for Legalization of ICOs

The chairman of South Korea's National Policy Committee has called for the legalization of ICOs at a meeting of the National Assembly.

Policy & regulation  ·  2 October 2018
Investments

South Korea’s Largest Venture Firm Backs First Blockchain Startup

Korea Investment Partners, the largest venture capital firm in South Korea, just invested in its first blockchain startup.

Business  ·  2 October 2018
Japan

LG’s Mobile Arm to Trial Blockchain Payments for Overseas Travelers

South Korean telco LG Uplus is to trial a blockchain-based mobile payment service aimed to let travelers save fees when shopping abroad.

Business  ·  17 September 2018
Supply Chain

Korea Taps Samsung’s Blockchain Tech to Fight Customs Fraud

South Korea's Customs Service is looking to adopt Samsung's blockchain tech to launch a decentralized exports clearance system.

Business  ·  14 September 2018
Regulation

Korean Financial Watchdogs Probing Blockchain Firms Over ICO Activity

South Korean regulators are contacting local blockchain startups as part of an investigation into initial coin offerings, according to CoinDesk Korea.

Policy & regulation  ·  12 September 2018
South Korea

South Korea to Double Blockchain Trials in Public Sector Next Year

The South Korean government is literally doubling down on its efforts to trial blockchain in the public sector for 2019.

Markets  ·  4 September 2018
Regulation

Korea’s Jeju Island Appeals to President in Push for ICO Hub Status

The governor of South Korea's Jeju island is maintaining his push to turn the autonomous region into a blockchain and initial coin offering free zone.

Policy & regulation  ·  30 August 2018
Investments

Binance Backs $32 Million Funding for Unicorn Founder’s Crypto Stablecoin

With an e-commerce company leading the launch of a new stablecoin, its founders and allies believe they can really bring crypto to consumers.

Business  ·  29 August 2018
Exchanges

Korean Crypto Exchange Bithumb to Restart User Registrations

South Korean cryptocurrency exchange Bithumb is reportedly renewing its contract with Nonghyup Bank after solving issues prompted by a June hack.

Business  ·  29 August 2018
Exchanges

Hacked Crypto Exchange Bithumb Made $35 Million Profit in First Half 2018

South Korean cryptocurrency exchange Bithumb made net profits of about $35 million in the first half of this year, despite a rough June for the firm.

Markets  ·  23 August 2018
Regulation

District Judge Forms Blockchain Law Study Group in South Korea

A group of judges, lawmakers and industry experts in South Korea are forming a new law society to discuss legal issues surrounding blockchain.

Policy & regulation  ·  20 August 2018
South Korea

South Korea Budgets $880 Million for Tech Including Blockchain

The South Korean government will invest over $880 million next year in order to boost the development of innovative technologies including blockchain.

Markets  ·  16 August 2018