South Korea
South Korea Budgets $880 Million for Tech Including Blockchain
The South Korean government will invest over $880 million next year in order to boost the development of innovative technologies including blockchain.
Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits
Several blockchain associations in South Korea are pushing back against a government proposal they fear will stifle industry innovation.
Korea's Jeju Island Seeks to Become ICO Hub Despite Domestic Ban
Korea's Jeju island is eyeing a plan to allow crypto projects to conduct initial coin offerings in the self-governing province despite a domestic ban.
Biotech Giant Plans to Securely Share Genetic Data on a Blockchain
A biotech giant based in South Korea is turning to blockchain to allow it to share genetic data without risking patients' privacy.
Bithumb Sees 40% Trading Volume Drop After User Registration Suspension
Trading volume on South Korea's Bithumb exchange has plummeted since it temporarily stopped offering new account registrations.
Korea's Financial Regulator Wants to Use the Blockchain for Stock Trading
South Korea's Financial Supervisory Service has encouraged public and private sector companies to develop a blockchain-based stock trading system.
Korean Officials Probe Shipwreck ICO for Possible Fraud
Korean police are investigating a cryptocurrency startup claiming to be selling treasure from a sunken ship, the Korea Joongang Daily reported.
Korean Government Seeks to Strip Tax Perks From Crypto Exchanges
Cryptocurrency exchanges in South Korea may soon lose eligibility for tax benefits currently granted to smaller companies and startups.
Korean Regulator Urges Haste on Crypto Bill After Exchange Hacks
An executive at the Financial Services Commission has called on politicians to pass a bill regulating cryptocurrency exchanges "as soon as possible."
South Korean Telecoms Giant KT Has Built Its Own Blockchain
The second largest mobile carrier in South Korea has launched its own blockchain network and aims to apply the tech across several sectors.
