South Korea

South Korea's 'Bit-Island,' Jeju, Redoubles Crypto Efforts After Losing Regulatory Bid
Jeju, a small island south of Seoul, is redoubling its efforts to become South Korea's regulation-free Bit-Island after losing out to Busan.

Terra Signs Music Streaming Platform to Crypto Payments Alliance
The music steaming service will join twenty-five partners in a South Korean crypto payments alliance.

Shinhan Bank Teams With Kakao's GroundX for Blockchain Security Boost
One of the oldest and largest banks in South Korea has partnered with two fintech firms to build a new security system using blockchain tech.

Bitcoin's 'Kimchi Premium' Vanishes Again as Trading Range Tightens
The spread between the price of bitcoin on South Korean and U.S.-based crypto exchanges has disappeared after hitting 2019 highs.

Korea Prepaid Card Invests in Blockchain Startup Bezant
Korea Prepaid Card is the second largest investor in BaaS firm Bezant.

South Korea's SK Group Proposes Blockchain-Based Donation Platform and Two Tokens
Two new tokens from South Korea's third biggest corporation will focus on the problem of tracking charitable donations.

Korean Fintechs Are Creating a Blockchain for Trading OTC Securities
A consortium of business are working together to bring smaller securities to a blockchain-based trading system.

South Korean Crypto Exchange Signs With Security Companies to Lock Down Tokens
Coinone has partnered with two security and disclosure firms to ensure compliance with South Korea's new cryptocurrency regulations.

South Korean Watchdog Plans Direct Supervision of Crypto Exchanges
A South Korean financial watchdog under the Financial Services Commission aims to more closely supervise exchanges in line with FATF standards.

The City of Seoul Will Create a Cryptocurrency for Citizen Rewards
The Seoul Metropolitan Government will establish its first blockchain-based administrative services in November.

