South Korea

Exchanges

Bitcoin Exchange Youbit to Declare Bankruptcy After Hack

A South Korean bitcoin exchange is moving to declare bankruptcy following what it said was a debilitating cyber attack.

Markets  ·  19 December 2017
Exchanges

North Korea Suspected Again in Crypto Exchange Attacks

South Korea's spy agency beileves a recent run of hacking attacks on domestic cryptocurrency exchanges is linked to North Korea.

Policy & regulation  ·  18 December 2017
Regulation

South Korean Officials Weigh New Curbs on Bitcoin Trading

The South Korean government is considering a range of policy options in order to curb what it called an "overheating of virtual currency speculation."

Policy & regulation  ·  13 December 2017
South Korea

South Korean NH Bank Joins R3 Distributed Ledger Consortium

South Korea's NongHyup Bank has joined the R3 distributed ledger consortium, saying it will launch a pilot blockchain project.

Markets  ·  11 December 2017
Regulation

Crypto Corrupts the Youth? South Korea Prime Minister Says So

Prime Minister Lee Nak-yeon reportedly frets about kids selling drugs and pyramid schemes while regulators draft rules for South Korea's exchanges.

Policy & regulation  ·  29 November 2017
Bitcoin

Bitcoin Price Tops $10,000 on Korean Exchanges

The price of bitcoin is trading above $10,000 at several South Korea-based bitcoin exchanges, market data reveals.

Markets  ·  27 November 2017
Exchanges

South Korean Finance Watchdog Has ‘No Plans’ to Regulate Bitcoin Trading

The governor of a South Korean financial regulator has said it has "no plans" to supervise cryptocurrency trading.

Policy & regulation  ·  23 November 2017
Regulation

Bitcoin Is a Commodity Not a Currency, Says South Korean Central Bank Chief

The head of South Korea's central bank has ruled out classifying bitcoin as a currency, according to a new report.

Policy & regulation  ·  25 October 2017
Exchanges

App Maker Kakao Begins Beta Testing New Cryptocurrency Exchange

South Korean fintech firm Dunamu has launched open beta services for its new cryptocurrency exchange platform Upbit.

Markets  ·  25 October 2017
Hacking

Police Confirm North Korean Connection in Bitcoin Exchange Phishing

Law enforcement officials have confirmed that hackers from North Korea sought to steal bitcoins from exchanges in South Korea.

Policy & regulation  ·  2 October 2017
Regulation

South Korean Regulator Issues ICO Ban

South Korea’s financial regulator has prohibited blockchain token sales today, as well as ordering a halt to cryptocurrency margin trading.

Policy & regulation  ·  29 September 2017
Exchanges

Gaming Firm to Buy $80 Million Stake in Korean Bitcoin Exchange Korbit

Gaming firm Nexon has agreed to buy a majority stake in South Korea's Korbit cryptocurrency exchange for roughly $80 million.

Business  ·  26 September 2017
Exchanges

Fintech Firm to Launch Cryptocurrency Exchange in South Korea

South Korea is getting a new cryptocurrency exchange – one backed by an already established fintech firm called Dunamu.

Markets  ·  26 September 2017
Security

North Korea Is Targeting South Korea’s Bitcoin Exchanges, Report Claims

Actors tied to the isolated nation have been involved in attacks on crypto exchanges in South Korea, a prominent U.S.cybersecurity firm said.

Policy & regulation  ·  12 September 2017
Japan

SBI Ripple Asia to Test Blockchain Bank Transfers Between Japan and South Korea

SBI Ripple Asia will reportedly start testing its blockchain-based funds-transfer system between Japanese and South Korean banks by the end of 2017.

Business  ·  12 September 2017