Blockchain News, Events and Companies
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... 2 min read →
Bithumb, a South Korean cryptocurrency exchange, is allegedly being exploited by a sophisticated group of traders who have created a fake trading volume to the tune of $250 million-plus a day on the exchange’s... 2 min read →
This week, South Korean lawmakers observed the government’s confusing stance on distributed ledger applications, with blockchain technology promoted across the board and ICO projects facing strict crackdowns. In response, Korean representatives have called for... 3 min read →
This past June, ICON, the most valuable blockchain project in South Korea, secured a strategic partnership with Kyobo Life, the country’s largest insurance firm alongside Samsung, to develop blockchain-based services. In 2017, prior to... 3 min read →
Blockchain is pervading countries around the world, even those that have kept isolated. North Korea is hosting its first-ever international cryptocurrency and blockchain conference on Oct. 1, 2018. North Korea Joins the Blockchain Movement... 2 min read →
The South Korean National Assembly has kickstarted an “extraordinary” meeting for discussing ICO regulation, cryptocurrency and blockchain frameworks, as well as other steps to support optimal growth of the digital assets sector, Business Korea... 2 min read →
Despite showing reluctance toward cryptocurrencies, the South Korean government revealed its intention to “nurture” eight growing sectors of the domestic economy–including blockchain technology. Korea’s Blockchain Push On Aug. 13, local news outlet Yonhap reported that... 1 read →
Spearheading development to establish Jeju Island as a blockchain and cryptocurrency hub, Governor Won Hee-ryong issued a formal request to the Korean government, Aug. 14, to designate the island as a special economic zone... 2 min read →
An increasing number of blockchain companies are flocking to the initial coin offering (ICO) market to initiate token sales and raise millions of dollars in an unregulated market. According to several local projects, brokers... 2 min read →
In mid-June 2018 Bithumb was hacked for $31 million worth of cryptocurrency and subsequently halted all withdrawal and deposit services. On Aug. 4, however, Bithumb resumed the services for 10 specific cryptocurrencies. Recovery from... 2 min read →
After a police raid over allegations of fraud and insolvency, UpBit, South Korea’s leading cryptocurrency exchange demonstrated full financial competence after a final audit report. Dunamoo, UpBit’s parent company, cited a report proving the exchange has... 2 min read →
A possible ICO scam is under investigation in South Korea after a much-publicized shipwreck attracted the suspicions of local authorities. Sunken Treasures As reported by local outlet Korea Joongang Daily on August 1, 2018,... 2 min read →
Emerging cryptocurrency regulations are putting greater scrutiny on exchanges and companies worldwide. Starting August 1, 2018, Korean cryptocurrency exchange Bithumb will no longer issue new virtual accounts due to the failure to renew a... 2 min read →
Days after marking its first-year anniversary, leading exchange Binance is reportedly poised to enter South Korea. Seeing more than $600 million worth of cryptocurrency traded every day, the South Korean market is the fifth-most... 2 min read →
South Korea’s financial authority confirmed on July 19, 2018, the implementation of a policymaking department focused exclusively on blockchain technology and related domains. Rising Technology “Leads Financial Innovation” As reported on The Korea Times,... 2 min read →
With the impending legalization of cryptocurrency exchanges and businesses, South Korea continues to make way for blockchain development. A leader in the industry, South Korea is considering reducing taxes for blockchain startups to fuel... 2 min read →
In 2018, within a span of two months, the largest crypto exchanges in Japan and South Korea were hacked. A New York-based cyber security firm declared more breaches are yet to come. According to... 3 min read →
Bithumb, the largest crypto exchange in South Korea by trading volume and user base, is expanding to Japan, the biggest market for cryptocurrency investors. 3 min read →
South Korea has always played a crucial role in crypto development and proliferation. 3 min read →
The investigation, executed by the KBA, is aimed at creating transparency standards as well as eliminate money laundering and insider trading. 2 min read →