South Korea

Exchanges

Korea’s Exchange Hacks: What the Country’s Crypto Scene Is Saying

Koreans have been up in arms on social media ever since two popular South Korean crypto exchanges were hacked only weeks a part from each other.

Markets  ·  26 June 2018
Exchanges

Exchange Leak Puts $620K-Worth of Customer Crypto at Risk

A new exchange from South Korea leaked critical information about 19 of its users, a mistake that could have cost them $620,000 in cryptocurrency.

Markets  ·  26 June 2018
Supply Chain

Korean Government to Lead 6 Blockchain Pilots With $9 Million Fund

A South Korean government agency has announced a plan to boost blockchain adoption in the country.

Business  ·  22 June 2018
Crime

Bithumb Working With Other Crypto Exchanges to Recover Hacked Funds

South Korea's Bithumb cryptocurrency exchange said Thursday that it may be able to reduce the losses arising from a major hack earlier this week.

Policy & regulation  ·  21 June 2018
Regulation

Bank of Korea: Central Bank Cryptocurrencies Pose ‘Moral Hazard’

South Korea's central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy.

Policy & regulation  ·  18 June 2018
Regulation

Korean Banks Can Use Blockchain to Verify Customer IDs from July

A national banking group from South Korea is to roll out a blockchain-based ID verification system for domestic banks next month.

Policy & regulation  ·  12 June 2018
Exchanges

Crypto Exchange Bithumb Hit With Bill After Tax Investigation Ends

South Korean cryptocurrency exchange Bithumb has been found not guilty of tax evasion, but now faces a massive tax bill, according to reports.

Policy & regulation  ·  8 June 2018
Regulation

Korean Police Allege Coinone’s Crypto Margin Trading Is Illegal Gambling

A South Korean police department says execs at crypto exchange Coinone will be charged over claims its margin trading service is illegal gambling.

Policy & regulation  ·  7 June 2018
Bitcoin

Korea Seizes Bitcoin Worth $1.4 Million Following Supreme Court Ruling

South Korea's Supreme Court ruled Wednesday that cryptocurrencies can be forfeited in criminal cases, allowing the seizure.

Policy & regulation  ·  30 May 2018
South Korea

Meet Kakao: How Korea’s Largest Mobile Giant Is Embracing Blockchain

Jason Han, CEO of Kakao's blockchain subsidiary Ground X, tells CoinDesk his thoughts on how crypto could impact big business.

Business  ·  29 May 2018
Regulation

Korean National Assembly Makes Official Proposal to Lift ICO Ban

South Korea's legislative arm of government is pushing for the removal of the country's ban on domestic initial coin offerings.

Policy & regulation  ·  29 May 2018
South Korea

Seoul Mayor Pledges Blockchain Boost in Re-Election Push

Seoul mayor Park Won-soon is pledging to focus on blockchain innovation as part of his campaign pitch for potential re-election this year.

Business  ·  22 May 2018
Exchanges

Korea’s Biggest Crypto Exchange Raided Over Suspected Fraud

Prosecutors in South Korea have raided the largest cryptocurrency exchange in the country, UPbit, over suspected fraud, according to a report.

Policy & regulation  ·  11 May 2018
Regulation

New Korean Financial Watchdog Chief Takes Softer Tone on Cryptos

The incoming head of a South Korean financial regulator has noted the "positive aspects" of cryptocurrencies.

Policy & regulation  ·  7 May 2018
Identity

Korea’s SK Telecom to Build Blockchain for Identity and Asset Exchange

SK Telecom has announced plans to launch a blockchain-based platform aimed to simplify payment and subscription processes.

Policy & regulation  ·  24 April 2018