Korea

KB Financial Group, a South Korean based financial holding company, has just been awarded a patent for its application security technology, according to a report in South Korean media outlet The Digital Times. Two Degrees of Separation KB Financial...

South Korean crypto exchange Bithumb sold 38 percent of its stake to a Singapore-based plastic surgeon for $350 million on Oct. 11, as reported by Reuters. Bithumb’s $350 Million Deal Founded in 2013, Bithumb averages over a billion dollars...

Pointing out the government’s delay in regulating initial coin offerings (ICOs) since a year, South Korean lawmakers called for swift regulatory action in a parliamentary forum on Oct. 2, reported Business Korea. After China put forth a resistive stance...

Cryptocurrency exchanges in South Korea faced the dreaded government hammer last week, as the authorities decided to exclude the burgeoning business type from the country’s “Venture Company” certification, reported Business Korea on Oct.1. The certification provides small and medium...

Competition among the so-called “third generation” projects is fast brewing in the South Korean blockchain and cryptocurrency market, as companies scramble to find the industry’s “killer app” and spur widespread adoption. Korea’s Blockchain Push As reported by Business Korea...

Despite a formal crackdown on foreign-made financial products, North Korea is increasingly utilizing cryptocurrencies to circumvent strict U.S. sanctions, reported Asia Times on Sept. 24. North Korea Adopts Bitcoin Spearheading the revelations are two Washington D.C.-based financial analysts, Lourdes...

XRP, the native cryptocurrency of the Ripple network is up another 10 percent as investors speculate on what has caused its price to nearly triple in the past week. According to prominent investors and analysts, the staggering 155 percent...

South Korean telecom company LG U+ revealed Sunday that it will be rolling out a new blockchain-based, cross-carrier payment system (CCPS) via partnerships with mobile carriers in Taiwan and Japan, according to The Korea Times. The new system will...

In a move that could send Japan’s cryptocurrency market skyrocketing into American digital assets trading, Huobi Global’s subsidiary Huobi Japan has been declared a majority stakeholder in Japan’s BitTrade platform. The move also marks how Singapore’s powerhouse entrepreneur Eric...

The Bank of Korea has warned that significant price differences between South Korean exchanges and those abroad, or the “Kimchi Premium,” may emerge in the coming years. Kimchi May Strike Back According to local outlet No Cut News, South...