South Korea

S. Korean Lambda256 Closes $60M Series B at $300M Valuation
The Dunamu company offers BaaS to corporations.

SK Square to Demand Metaverse Presence for Portfolio Companies: Report
The requirement marks a move into a new environment compared with the traditional investments of South Korea’s largest industry groups.

Banks Stablecoin Project, Watch for Fed Taper in 2022
Binance Asia Services takes an 18% stake in HG Exchange. Korea’s Shinhan Bank and South Africa’s Standard Bank show off stablecoin project. Fed tapering a potential crypto market catalyst in 2022. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Crypto Crash Hits Korean Game Developers; Rug-Pull Red Flags
Japan’s financial regulator seeks limits on domestic stablecoin issuance. Korean game developers hit by crypto flash crash. How to spot rug-pull red flags. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

South Korea’s Hashed Under Tax Investigation
The investment firm announced $200 million in new funding last week.

South Korea Delays Plans to Tax Crypto to 2023
Lawmakers, likely seeking support from young voters, decided to postpone the virtual assets tax.

Korea Crypto Tax Postponed, CoinDCX Looks to IPO
Korea’s KB Kookmin Bank develops virtual banking services. Imposition of Korea’s crypto tax postponed. India’s CoinDCX looking to IPO when legislation allows. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

SK Telecom Spinoff Acquires $75M Stake in Crypto Exchange Korbit: Report
SK Square has become Korbit’s second-largest shareholder behind NXC, the owner of video game company Nexon.

Top Blockchain University: Korea Advanced Institute of Science and Technology
The 26th-ranked KAIST has partnered with the World Economic Forum to survey global blockchain standards.

S. Korean Regulators Call for Criminal Punishments for Crypto Market Manipulation
The law is unlikely to go through Parliament this year.

