South Korea

Exchanges

Korea’s Tax Agency to Withhold $70M From Crypto Exchange Bithumb

South Korea's National Tax Service will withhold tax worth $70 million from the country's largest crypto exchange Bithumb.

News  ·  30 December 2019
South Korea

South Korean Central Bank to Organize a CBDC Task Force

South Korea's central bank plans to hire additional experts as it studies digital currencies and blockchain technology.

Policy & regulation  ·  27 December 2019
Exchanges

Bithumb Global Launches Native Token for Exchange Ecosystem

Bithumb plans to launch a native token on top of its namesake blockchain next year.

Markets  ·  12 November 2019
Exchanges

Binance Enters Korean Market With New Business Entity

Binance may have taken another step toward launching a crypto exchange arm in South Korea, according to a new business registration.

Markets  ·  1 November 2019
South Korea

Korean Government to Back Blockchain Startups With $9 Million Fund in 2020

The Korea Internet Security Agency will be supporting blockchain-related projects in 2020 with about $9.0 million in funding.

Markets  ·  29 October 2019
Banks

Major Korean Banks Join Government-Backed Blockchain ID Initiative

Institutions including the Shinhan and NH Nonghyup banks have joined a blockchain identity initiative aimed to securely share personal data.

Policy & regulation  ·  21 October 2019
South Korea

South Korea Aims to Put Trade Finance on the Blockchain by 2021

The government-backed program will bring trade and contract data into distributed ledgers.

Markets  ·  15 October 2019
IEO

Token Investors May Sue After Former Korean Social Media Giant Shuts Down

A once hugely popular social media site, Cyworld's abrupt closure brings uncertainty to holders of its recently launched crypto token.

Business  ·  14 October 2019
Exchanges

OKEx Korea Reviewing Decision to Delist Privacy Coins Zcash and Dash

OKEX Korea is reconsidering a decision to delist the privacy coins zcash and dash it announced in September.

Policy & regulation  ·  10 October 2019
Court Cases

South Korean Court Issues Landmark Decision on Crypto Exchange Hacking

The Seoul court ruled that a hacking is not the responsibility of an exchange but a transfer of funds is.

Markets  ·  1 October 2019
Exchanges

Crypto Exchange Bithumb’s $333 Million Acquisition May Be in Jeopardy

A fintech firm's acquisition of Bithumb reportedly hasn't been fully paid for, even after a deadline was extended.

Business  ·  30 September 2019
South Korea

Former Credit Agency Staffers Form Korean Blockchain Rating Firm

With investors lacking information and objective reviews on blockchain projects, a Korean blockchain rating company is formed.

Markets  ·  27 September 2019
Japan

Property Blockchain Projects Announced in Northeast Asia, One Sony-Related

A flurry of announcements related to property and blockchain in Korea and Japan were made in September.

Markets  ·  26 September 2019
Music

Korean Conglomerate CJ Develops Blockchain for Music Copyright

CJ, one of South Korea's largest conglomerates, is developing a blockchain-based music copyright management system.

Markets  ·  20 September 2019
Exchanges

OKEX Korea Drops 5 Privacy Cryptocurrencies Citing FATF Rules

The Korean arm of the exchange has dropped support for privacy-enhancing cryptocurrencies including monero, zcash and dash.

Policy & regulation  ·  16 September 2019