South Korea

South Korea

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Korean Actor Invests in Blockchain Seafood Trade Startup

South Korean actor and businessman Bae Yong-joon has invested an undisclosed sum in blockchain-based seafood trade startup Seamon.

Korea fish

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Kakao’s Blockchain Arm Raises $90 Million in Private Token Sale

Ground X, the blockchain subsidiary of South Korea's Kakao, has raised $90 million in a private coin offering, Bloomberg says.

Jason Han, Ground X

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Developer of Blockchain Project ICON Denies IPO Plan Reports

South Korea-based ICONLOOP, the firm behind blockchain project ICON, has denied reports it's moving to go public.

South Korea

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South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement

South Korean cryptocurrency exchange Coinbin has declared bankruptcy, in part due to claimed embezzlement by a former exec.

Seoul

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South Korean Capital's $1 Billion Startup Fund Will Include Blockchain Firms

The Seoul Metropolitan Government has committed over $1 billion to invest in innovative startups by 2022, including blockchain firms.

Seoul skyline

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Crypto Exchange Bithumb Launches OTC Trading Desk for Digital Assets

Crypto exchange Bithumb has launched a global OTC trading desk for digital assets based in Hong Kong.

Hong Kong

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Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk

A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.

Bank of Korea

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South Korea Will Maintain ICO Ban After Finding Token Projects Broke Rules

South Korea has decided not to lift its ban on domestic initial coin offerings after a watchdog's survey found projects have been violating rules.

South korea FSC chairman

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4 South Korean Crypto Exchanges Team Up to Tackle Money Laundering

Four major cryptocurrency exchanges in South Korea have partnered on an initiative to combat potential money laundering and protect users.

Seoul, South Korea

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Crypto CEO Sentenced to 3-Year Jail Term for Faking Trading Volume

Two execs from South Korean crypto exchange Komid have been given jail time for faking trading volume and deceiving investors.

Handcuffs suit