South Korea

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.

South Korea's Finance Watchdog Is Forming a Crypto Division
South Korea's Financial Services Commission has revealed it is setting up a department dedicated largely to cryptocurrencies and blockchain.

South Korea Plans Tax Perks for Blockchain Startups
South Korea is planning to cut tax for companies developing nascent technologies such as blockchain as part of its push for innovation growth.

Korean Government-Backed Researchers File for Blockchain Patent
A South Korean government-funded organization has submitted a blockchain-related patent application to the U.S. Patent and Trademark Office.

Report: Korean Political Parties to Propose New Crypto Laws
Lawmakers in South Korea are said to be racing to make laws to regulate the sector.

Korea's Oldest Mileage Program May Convert Cash Points to Crypto
The company behind OK Cashbag, the oldest mileage point program in South Korea, is mulling a plan to convert cash points into cryptocurrency.

Korean Watchdog Tightens Rules on Crypto Exchange Bank Accounts
Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures.

