South Korea

South Korea

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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.

Korean won

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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 won

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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.

SKF

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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.

BTC and won

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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.

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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.

South korea FSC chairman

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Korea's Exchange Hacks: What the Country's Crypto Scene Is Saying

Koreans have been up in arms on social media ever since two popular South Korean crypto exchanges were hacked only weeks a part from each other.

SK

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Exchange Leak Puts $620K-Worth of Customer Crypto at Risk

A new exchange from South Korea leaked critical information about 19 of its users, a mistake that could have cost them $620,000 in cryptocurrency.

keys, cryptography

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Korean Government to Lead 6 Blockchain Pilots With $9 Million Fund

A South Korean government agency has announced a plan to boost blockchain adoption in the country.

seoul

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Bithumb Working With Other Crypto Exchanges to Recover Hacked Funds

South Korea's Bithumb cryptocurrency exchange said Thursday that it may be able to reduce the losses arising from a major hack earlier this week.

Korean won