South Korea

Exchanges

Korea Prepaid Card Invests in Blockchain Startup Bezant

Korea Prepaid Card is the second largest investor in BaaS firm Bezant.

Markets  ·  12 August 2019
South Korea

South Korea’s SK Group Proposes Blockchain-Based Donation Platform and Two Tokens

Two new tokens from South Korea's third biggest corporation will focus on the problem of tracking charitable donations.

Markets  ·  9 August 2019
Trading

Korean Fintechs Are Creating a Blockchain for Trading OTC Securities

A consortium of business are working together to bring smaller securities to a blockchain-based trading system.

Markets  ·  8 August 2019
Security

South Korean Crypto Exchange Signs With Security Companies to Lock Down Tokens

Coinone has partnered with two security and disclosure firms to ensure compliance with South Korea's new cryptocurrency regulations.

Markets  ·  7 August 2019
Exchanges

South Korean Watchdog Plans Direct Supervision of Crypto Exchanges

A South Korean financial watchdog under the Financial Services Commission aims to more closely supervise exchanges in line with FATF standards.

Policy & regulation  ·  7 August 2019
Blockchain

The City of Seoul Will Create a Cryptocurrency for Citizen Rewards

The Seoul Metropolitan Government will establish its first blockchain-based administrative services in November.

Markets  ·  6 August 2019
Lending

Korea’s Shinhan to Offer Blockchain-Based Securities Lending

A new brokerage account in South Korea will let investors lend securities on a blockchain.

Markets  ·  3 August 2019
Regulation

South Korea Declares Partial ‘Regulation-Free’ Zone for Crypto Companies

South Korea will allow the city of Busan to relax some crypto restrictions in order to become a blockchain testbed.

Markets  ·  2 August 2019
South Korea

South Korean Financial Overseer Who Banned ICOs Abruptly Quits

During his tenure Chairman Choi Jong-ku took a hard line against ICOs but enacted some favorable policies towards blockchain businesses.

Markets  ·  23 July 2019
Crime

South Korea Estimates 2-Year Losses From Crypto Crimes at $2.3 Billion

Nearly 2.7 trillion won (US$2.3 billion) have been lost to cryptocurrency crimes in the last two years, not including exchange hacks.

Policy & regulation  ·  22 July 2019
South Korea

Someone Is Trying to Trademark ‘Samsung Coin.’ It’s Not Samsung

Someone in South Korea appears to be trying to take advantage of Samsung's blockchain efforts by nabbing the "Samsung Coin" trademark.

Business  ·  19 July 2019
Exchanges

Binance Eyes Launch of Crypto Exchange in South Korea

Binance is "working with local partners" on the launch of a branch in South Korea, CEO Changpeng Zhao has reportedly said.

Markets  ·  16 July 2019
Regulation

Korean Watchdog Warns of Financial Stability Risk From Facebook’s Libra

Facebook's Libra cryptocurrency project threatens the stability of financial systems, according to South Korea's Financial Services Commission.

Policy & regulation  ·  8 July 2019
Regulation

South Korea’s Shinhan Bank Is Cracking Down Harder on Anonymous Crypto Users

The bank plans to make it even harder to create anonymous crypto exchange accounts in South Korea.

Policy & regulation  ·  4 July 2019
Blockchain

Longenesis Brings South Korean Medical Records to the Blockchain

A new partnership lets patients and doctors store medical records privately on the blockchain using Bitfury's Exonum platform.

Markets  ·  1 July 2019