South Korea

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

