South Korea

South Korea

Markets

Korean Crypto Exchange Bithumb to Restart User Registrations

South Korean cryptocurrency exchange Bithumb is reportedly renewing its contract with Nonghyup Bank after solving issues prompted by a June hack.

Bithumb

Markets

Hacked Crypto Exchange Bithumb Made $35 Million Profit in First Half 2018

South Korean cryptocurrency exchange Bithumb made net profits of about $35 million in the first half of this year, despite a rough June for the firm.

Bithumb on phone

Markets

District Judge Forms Blockchain Law Study Group in South Korea

A group of judges, lawmakers and industry experts in South Korea are forming a new law society to discuss legal issues surrounding blockchain.

Korea court 3

Markets

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.

won

Markets

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.

South Korean National Assembly building

Markets

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.

jeju

Markets

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.

DNA

Markets

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.

Bithumb

Markets

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.

stocks on screen

Markets

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.

Dmitrii Donskoi