South Korea

South Korea

Markets

Korea Prepaid Card Invests in Blockchain Startup Bezant

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

won

Markets

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 won coins

Markets

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.

korea, won

Markets

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.

security, lock

Markets

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.

South Korean National Assembly building

Markets

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.

Seoul

Markets

Korea's Shinhan to Offer Blockchain-Based Securities Lending

A new brokerage account in South Korea will let investors lend securities on a blockchain.

Korean won

Markets

South Korea Declares Partial 'Regulation-Free' Zone for Crypto Companies

South Korea will allow the city of Busan to relax some crypto restrictions in order to become a blockchain testbed.

shutterstock_730868872

Markets

South Korean Financial Overseer Who Banned ICOs Abruptly Quits

During his tenure Chairman Choi Jong-ku took a hard line against ICOs but enacted some favorable policies towards blockchain businesses.

South korea FSC chairman

Markets

South Korea Estimates 2-Year Losses From Crypto Crimes at $2.3 Billion

Nearly 2.7 trillion won (US$2.3 billion) have been lost to cryptocurrency crimes in the last two years, not including exchange hacks.

Korean won, note and coins