South Korea

South Korea Aims to Put Trade Finance on the Blockchain by 2021
The government-backed program will bring trade and contract data into distributed ledgers.

Token Investors May Sue After Former Korean Social Media Giant Shuts Down
A once hugely popular social media site, Cyworld's abrupt closure brings uncertainty to holders of its recently launched crypto token.

OKEx Korea Reviewing Decision to Delist Privacy Coins Zcash and Dash
OKEX Korea is reconsidering a decision to delist the privacy coins zcash and dash it announced in September.

South Korean Court Issues Landmark Decision on Crypto Exchange Hacking
The Seoul court ruled that a hacking is not the responsibility of an exchange but a transfer of funds is.

Crypto Exchange Bithumb’s $333 Million Acquisition May Be in Jeopardy
A fintech firm's acquisition of Bithumb reportedly hasn't been fully paid for, even after a deadline was extended.

Former Credit Agency Staffers Form Korean Blockchain Rating Firm
With investors lacking information and objective reviews on blockchain projects, a Korean blockchain rating company is formed.

Property Blockchain Projects Announced in Northeast Asia, One Sony-Related
A flurry of announcements related to property and blockchain in Korea and Japan were made in September.

Korean Conglomerate CJ Develops Blockchain for Music Copyright
CJ, one of South Korea's largest conglomerates, is developing a blockchain-based music copyright management system.

OKEX Korea Drops 5 Privacy Cryptocurrencies Citing FATF Rules
The Korean arm of the exchange has dropped support for privacy-enhancing cryptocurrencies including monero, zcash and dash.

K-Pop Music Giant SM Entertainment Is Planning Its Own Cryptocurrency
The driving firm behind the K-pop movement, SM Entertainment, said it's planning to launch a cryptocurrency focused on engaging fans with artists.

