South Korea

Exchanges

Korean Crypto Exchanges Update Terms to Accept Liability for Hacks

Five South Korean crypto exchanges have been forced to update their terms and conditions to accept liability for potential hacks and service issues.

Policy & regulation  ·  17 June 2019
Security

Korea’s Biggest Bank Is Preparing to Custody Digital Assets

KB Kookmin, the largest bank in South Korea, is partnering with a blockchain startup to launch a digital asset custody offering.

Policy & regulation  ·  11 June 2019
Blockchain

Every Game This South Korean Startup Makes Has Its Own Blockchain

If you have ten games then you need ten blockchains says Planetarium's CEO Kijun Seo.

Markets  ·  5 June 2019
North Korea

North Korean Hackers Target Crypto Exchange UPbit’s South Korean Users

North Korean hackers have been using a familiar phishing tool to steal UPbit customer details, security experts allege.

Markets  ·  31 May 2019
Regulation

Korean Government Plans Action Over Risks of Resurgent Crypto Market

With the price of bitcoin surging, the South Korean government has held an inter-agency emergency meeting over the risk for investors.

Policy & regulation  ·  28 May 2019
Loans

South Korea’s Shinhan Bank Turns to Blockchain to Speed Up Loan Issuance

Shinhan, one of the oldest and largest banks in South Korea, is using blockchain technology to speed up the approval process for loan products. 

Policy & regulation  ·  28 May 2019
Investments

Upbit Operator Dunamu Invested $46 Million in Blockchain Startups in Last Year

South Korean firm Dunamu, operator of cryptocurrency exchange Upbit, says it invested $46 million in 26 blockchain startups over the last year.

Markets  ·  15 May 2019
Exchanges

Crypto Exchange Bithumb Posts $180 Million Loss for 2018

Bithumb, South Korea’s largest cryptocurrency exchange, has posted a net loss of 205.5 billion won ($180 million) for 2018.

Business  ·  11 April 2019
South Korea

South Korea’s Military Acquisitions Agency Plans Blockchain Pilot

The South Korean military acquisitions agency hopes a blockchain system can boost security and efficiency in defense business operations.

Markets  ·  10 April 2019
Crime

Korean Crypto Scam Fleeced Investors for Over $18.5 Million

Police have reportedly used AI to spot a cryptocurrency Ponzi scheme in South Korea that cheated investors out of $18.5 million.

Policy & regulation  ·  8 April 2019
Exchanges

Crypto Exchange Bithumb Hacked for $13 Million in Suspected Insider Job

South Korean crypto exchange Bithumb has had over $13 million in EOS stolen in a hack, but says customer funds are safe.

Policy & regulation  ·  30 March 2019
Exchanges

Korean Actor Invests in Blockchain Seafood Trade Startup

South Korean actor and businessman Bae Yong-joon has invested an undisclosed sum in blockchain-based seafood trade startup Seamon.

Business  ·  12 March 2019
Funding Rounds

Kakao’s Blockchain Arm Raises $90 Million in Private Token Sale

Ground X, the blockchain subsidiary of South Korea's Kakao, has raised $90 million in a private coin offering, Bloomberg says.

Business  ·  11 March 2019
IPOs

Developer of Blockchain Project ICON Denies IPO Plan Reports

South Korea-based ICONLOOP, the firm behind blockchain project ICON, has denied reports it's moving to go public.

Markets  ·  27 February 2019
Exchanges

South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement

South Korean cryptocurrency exchange Coinbin has declared bankruptcy, in part due to claimed embezzlement by a former exec.

Business  ·  25 February 2019