Places South Korea

On June 10, the South Korean government integrated blockchain into the public sector. LG CNS and Korean Government Mint, KOMSCO, will work together to develop the “first public blockchain platform” and issue community tokens as a type of digital gift certificate. National Digital Currency According to Business Korea, the Korea Minting, Security Printing & ID Card […]

Korea’s premier court has overturned the law to seize 191 Bitcoin earned through the provision of child pornography, ending a lengthy battle over the legal status of cryptocurrency. Appealing a September 2017 ruling that deemed such confiscation to be illegal, the Supreme Court will see $2.3 million worth of BTC confiscated from a 33-year old […]

The largest Korean blockchain fund and accelerator of the ICON Foundation, Hashed is shaping the Korean blockchain industry through its unique approach to finding and nurturing nascent projects. Chief Business Officer, Alex Shin, shares some of his insights on the dynamics, mission, and future of the $250 million digital assets fund. #Hashed – Introduction Founded just 18 […]

South Korea’s National Assembly — the legislative body of the East Asian Nation — has officially proposed to allow domestic Initial Coin Offerings (ICOs). Nearly eight months after its September 2017 ban on ICOs and cryptocurrency margin trading, the Assembly has recommended both be permitted under strict investor protection. Detailed in a report filed by […]

ICON (ICX) has announced a new partnership with LINE Corporation, the Japanese-based app development company best known for its LINE social media platform. Together, the companies have co-founded ‘Unchain’ in order to construct LINE’s blockchain-related services that will be integrated via the ICON network. With over 200 million daily active users, LINE’s integration into the ICX […]

Founded just 18 months ago, Korean blockchain investments fund Hashed has just reached the quarter billion dollar milestone. Amidst a thriving cryptocurrency market, Hashed has found its niche accelerating high-performance blockchain projects in Korea and abroad. What is #Hashed? Starting in early 2017, Hashed opened one of Korea’s first crypto assets funds with only $600k […]

South Korea continues to make news in the crypto space. Late this week, regulators raided Upbit, the country’s largest crypto exchange, on suspicion of fraud. The actions occurred as crypto enthusiasts around the world are wrestling with regulatory concerns and as more mainstream financial institutions are beginning to enter the space. Accusations of Fraud According to Bloomberg, […]

One of the largest cryptocurrency exchanges in South Korea has recently announced it intends to implement Ripple technology in a new cross-border payments solution. The exchanged has Joined RippleNet and aims to incorporate Ripple’s xCurrent solution in a new cross-border payment and settlement system. With the launch of the new payments system, Coinone will become […]

A legislative body within South Korea is moving to lift the government’s ban on initial coin offerings as a group of lawmakers led by Rep. Hong Eui-rak is drafting a bill to legalize ICOs under government supervision. During a speech brought before the National Assembly on the topic of cryptocurrencies and Blockchain technologies, Hong affirmed […]

Since 1953, North and South Korea have been divided along the 38th parallel – creating what is now known as the famed Korean Demilitarized Zone (DMZ). On April 27, Korean leaders Moon Jae-in and Kim Jong-un signed the Panmunjom Declaration in an effort to end the temporary armistice and call for a new era of peace between the […]

South Korea continues to be a hub of activity in the space of crypto, with Seoul’s announcement that it intends to launch its own regional cryptocurrency, the “S coin.” Seoul’s announcement was made by Park Won-Soon, who also said he intends to create a healthier environment for the development of blockchain and virtual currencies in […]

South Korean exchange, Bithumb, has given VeChain a new set of legs, spurring on an unlikely price rally amongst a bloody sea of red. The South Korean exchange welcomed VET with a brazen show of support for the product management platform, using it as a rewards mechanism to seduce new users. Unlocking the gates to […]

South Korea’s leading messaging platform Kakao Corp said on Tuesday that it would delve into overseas markets and expand its offerings using blockchain technology. Joh Su Yong, co-CEO of Kakao Corp, said that it had included a mix of information services that stretch beyond mobile messaging over the last few months. At present, KakaoTalk is the […]

Bithumb, the behemoth South Korean exchange, announced on Friday an agreement with ‘Korea Pay Services’ that will see virtual currencies made available at thousands of stores across the country. The mobile payment company “Korea Pay Services” operate mobile gift certificates and electronic payment transactions at over 200 franchises, and the partnership will make virtual currencies […]

Amidst a bearish cryptocurrency market, Storm Token surged over 170% following its listing on Upbit, South Korea’s largest cryptocurrency exchange by trading volume. What is Storm Token? Storm Token is an ERC20 utility token that StormX, Inc. used to fund further development of the company’s mobile app, Storm Play. Storm Play utilizes blockchain technology to […]

According to latest reports, the South Korean FSC, Financial Services Commission, is planning to support the adoption of various blockchain technologies in order to foster innovation within the country’s FinTech sector. Korean newspaper JoongAng Daily reported that the nation’s stance towards the crypto-market will be one of inclusivity rather than the other way around. The […]

Amidst intense media speculation, it is being reported that the South Korean government is potentially reconsidering its ICO ban that has been in effect since last September. According to a reputable local newspaper, South Korean financial authorities are in the process of devising new regulations for their country’s crypto sector. Similar to China, South Korea […]

A ranking official responsible for the South Korean crackdown on cryptocurrencies was found dead in his home in Seoul on Sunday. Jung Ki-joon, the head of Economic Policy at the Office for Government Policy Coordination is reported to have died of a heart attack while sleeping on the 18th of February. While South Korean police […]