South Korea

South Korea

Markets

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

Markets

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

Markets

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

Markets

Bank of Korea: Central Bank Cryptocurrencies Pose 'Moral Hazard'

South Korea's central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy.

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Markets

Korean Banks Can Use Blockchain to Verify Customer IDs from July

A national banking group from South Korea is to roll out a blockchain-based ID verification system for domestic banks next month.

mobile banking

Markets

Crypto Exchange Bithumb Hit With Bill After Tax Investigation Ends

South Korean cryptocurrency exchange Bithumb has been found not guilty of tax evasion, but now faces a massive tax bill, according to reports.

won

Markets

Korean Police Allege Coinone's Crypto Margin Trading Is Illegal Gambling

A South Korean police department says execs at crypto exchange Coinone will be charged over claims its margin trading service is illegal gambling.

south korea police

Markets

Korea Seizes Bitcoin Worth $1.4 Million Following Supreme Court Ruling

South Korea's Supreme Court ruled Wednesday that cryptocurrencies can be forfeited in criminal cases, allowing the seizure.

gavel korean won

Markets

Meet Kakao: How Korea's Largest Mobile Giant Is Embracing Blockchain

Jason Han, CEO of Kakao's blockchain subsidiary Ground X, tells CoinDesk his thoughts on how crypto could impact big business.

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Markets

Korean National Assembly Makes Official Proposal to Lift ICO Ban

South Korea's legislative arm of government is pushing for the removal of the country's ban on domestic initial coin offerings.

South Korean National Assembly building