South Korea

Seoul Mayor Pledges Blockchain Boost in Re-Election Push
Seoul mayor Park Won-soon is pledging to focus on blockchain innovation as part of his campaign pitch for potential re-election this year.

Korea's Biggest Crypto Exchange Raided Over Suspected Fraud
Prosecutors in South Korea have raided the largest cryptocurrency exchange in the country, UPbit, over suspected fraud, according to a report.

New Korean Financial Watchdog Chief Takes Softer Tone on Cryptos
The incoming head of a South Korean financial regulator has noted the "positive aspects" of cryptocurrencies.

Korea's SK Telecom to Build Blockchain for Identity and Asset Exchange
SK Telecom has announced plans to launch a blockchain-based platform aimed to simplify payment and subscription processes.

Bitcoin Pyramid Scheme Amassed $20 Million in South Korea
Two men in South Korea have been sentenced for building a bitcoin pyramid scheme that swindled around $20 million from investors.

Korea Moves to Limit Crypto Mining Chip Imports
Cryptocurrency miners in South Korea may soon find it more difficult to get foreign-made mining chips imported to the country.

Industry Group to Bring 'Order' to Korea's Crypto Exchanges
A South Korean blockchain industry organization has proposed a self-regulatory framework to set standards for the cryptocurrency exchange industry.

Korea to Inspect 3 Banks Over Crypto Exchange Connections
Three South Korean banks are to be inspected over their compliance with new anti-money laundering rules for cryptocurrency exchange accounts.

Korean Police Detain 4 Crypto Exchange Execs Over Alleged Embezzlement
South Korean police on Thursday detained four executives from two cryptocurrency exchanges over alleged embezzlement.

R3 Researcher: Central Bank Blockchain Could Go Live In 2018
South Korea's first major blockchain conference saw discussion of the possibility of a central bank cryptocurrency Wednesday.

