South Korea

South Korea

Markets

Korea's Crypto Exchanges Pledge Market Cleanup

While the crypto market has seen a major correction recently, Korean exchanges show future optimism and double down on self-regulation efforts.

deconomy panel

Markets

Korean Police Bust Bitcoin Miners Illegally Using Cheap Factory Power

Companies using cheap electricity to mine cryptocurrencies at industrial complexes in South Korea have reportedly been arrested by police.

bitcoin mining

Markets

Report: Korean Insurer Denies Claim from Bankrupt Crypto Exchange

A South Korean cryptocurrency exchange has reportedly had its insurance claim denied months after it closed following a debilitating hack.

Insurance

Markets

Survey: Younger Koreans More Likely to Invest in Crypto

Nearly a quarter of South Koreans in their 20s want to invest in cryptocurrencies, according to a new poll conducted by Bank of Korea.

BTC3

Markets

Kakao Confirms Creation of Blockchain Platform, Denies ICO Rumor

South Korean internet giant Kakao has confirmed it is setting up a new blockchain subsidiary, but quashed rumors of a planned initial coin offering.

kakao

Markets

Korean Regulators to Probe Bank AML Measures for Crypto Exchanges

Two South Korean regulators are reportedly launching an investigation of banks' implementation of anti-money laundering procedures for exchanges.

korean won and bitcoin

Markets

South Korean Financial Watchdog Touts Blockchain in Fintech Plans

South Korea's Financial Services Commission plans to encoureage businesses to use blockchain tech in new payment systems and more.

skflag

Markets

Korea Telecom Announces Blockchain For Network Security

South Korean telecom provider KT unveiled a new system based on a blockchain security-focused network.

telecom portal

Markets

South Korea Raids 3 Crypto Exchanges in Embezzlement Probe

South Korean prosecutors reportedly raided the offices of three cryptocurrency exchanges on suspicion of siphoning off funds from customers' accounts.

S Korea police

Markets

Report: South Korea Could Ease Its ICO Ban

South Korea's ban on initial coin offerings (ICOs) could be relaxed in the months ahead, according to a new report.

BTC3