South Korea

South Korea

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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

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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

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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

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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

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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

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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

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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.

BTC and won_edited

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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."

(Shutterstock)

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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.

cables

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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