South Korea

Regulation

Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits

Several blockchain associations in South Korea are pushing back against a government proposal they fear will stifle industry innovation.

Policy & regulation  ·  15 August 2018
ICOs

Korea’s Jeju Island Seeks to Become ICO Hub Despite Domestic Ban

Korea's Jeju island is eyeing a plan to allow crypto projects to conduct initial coin offerings in the self-governing province despite a domestic ban.

Markets  ·  14 August 2018
South Korea

Biotech Giant Plans to Securely Share Genetic Data on a Blockchain

A biotech giant based in South Korea is turning to blockchain to allow it to share genetic data without risking patients' privacy.

Business  ·  6 August 2018
Exchanges

Bithumb Sees 40% Trading Volume Drop After User Registration Suspension

Trading volume on South Korea's Bithumb exchange has plummeted since it temporarily stopped offering new account registrations.

Business  ·  3 August 2018
Blockchain

Korea’s Financial Regulator Wants to Use the Blockchain for Stock Trading

South Korea's Financial Supervisory Service has encouraged public and private sector companies to develop a blockchain-based stock trading system.

Business  ·  2 August 2018
Crime

Korean Officials Probe Shipwreck ICO for Possible Fraud

Korean police are investigating a cryptocurrency startup claiming to be selling treasure from a sunken ship, the Korea Joongang Daily reported.

Policy & regulation  ·  31 July 2018
Exchanges

Korean Government Seeks to Strip Tax Perks From Crypto Exchanges

Cryptocurrency exchanges in South Korea may soon lose eligibility for tax benefits currently granted to smaller companies and startups.

Policy & regulation  ·  30 July 2018
Exchanges

Korean Regulator Urges Haste on Crypto Bill After Exchange Hacks

An executive at the Financial Services Commission has called on politicians to pass a bill regulating cryptocurrency exchanges "as soon as possible."

Policy & regulation  ·  26 July 2018
Identity

South Korean Telecoms Giant KT Has Built Its Own Blockchain

The second largest mobile carrier in South Korea has launched its own blockchain network and aims to apply the tech across several sectors.

Policy & regulation  ·  24 July 2018
Regulation

South Korea’s Finance Watchdog Is Forming a Crypto Division

South Korea's Financial Services Commission has revealed it is setting up a department dedicated largely to cryptocurrencies and blockchain.

Policy & regulation  ·  20 July 2018
Tax

South Korea Plans Tax Perks for Blockchain Startups

South Korea is planning to cut tax for companies developing nascent technologies such as blockchain as part of its push for innovation growth.

Policy & regulation  ·  18 July 2018
Blockchain

Korean Government-Backed Researchers File for Blockchain Patent

A South Korean government-funded organization has submitted a blockchain-related patent application to the U.S. Patent and Trademark Office.

Markets  ·  12 July 2018
Regulation

Report: Korean Political Parties to Propose New Crypto Laws

Lawmakers in South Korea are said to be racing to make laws to regulate the sector.

Markets  ·  11 July 2018
Payments

Korea’s Oldest Mileage Program May Convert Cash Points to Crypto

The company behind OK Cashbag, the oldest mileage point program in South Korea, is mulling a plan to convert cash points into cryptocurrency.

Business  ·  3 July 2018
Exchanges

Korean Watchdog Tightens Rules on Crypto Exchange Bank Accounts

Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures.

Policy & regulation  ·  27 June 2018