Category: South Korea

State of Regulation in South Korea: Banks Required to Provide Fair Services to Crypto Exchanges

On October 30, South Korea’s main financial authority officially cleared banks to work with crypto exchanges for the first time in history, establishing a major milestone for the local cryptocurrency sector.

Major South Korean Hospital to Use Blockchain Tech for Medical Information Services

One of the South Korea's largest hospitals has partnered with a local tech company to develop a medical services platform based on blockchain technology, according to the hospital’s official press release Nov. 12.

South Korean Exchange Upbit Expanding to Thailand and Indonesia

South Korean-based cryptocurrency exchange Upbit has announced its intentions to expand Thailand and Indonesia as part of its global expansion plans, reports.

First Cryptocurrency Fund in South Korea Closes Amid Regulatory Pressure

Zeniex, a minor South Korean cryptocurrency exchange which opened the country’s first cryptocurrency investment fund, is closing down as a result of the general government crackdown.

South Korean Exchange Pure Bit Exit Scams with $2.8 Million

In another incident of what appears to be an exit scam, a South Korean exchange that collected over $2.8 Million in an ICO has suddenly shut down.

South Korea to Triple the Budget for Blockchain Projects Compared to 2018

The South Korean government has agreed to invest $35 million in next year’s budget to develop blockchain technology and industry related to distributed ledger technology (DLT), South Korea's largest economic information service company Korea Economic Daily reported Nov. 8.

South Korean Lawyers Lobby for Cryptocurrency, Investor Protection Laws

The Korean Bar Association has called on the government to establish a legal framework for the cryptocurrency and blockchain sector.

5 Arrested in South Korea For Injecting Crypto Mining Malware in 6,000 PCs

Five men in South Korea were arrested on Thursday for illicitly injecting crypto mining malware into more than 6,000 computers.

South Korean Crypto Market Surges Along With Bitcoin (BTC) Stability and Bitcoin Cash (BCH) Rally

The South Korean cryptocurrency market is surging as daily Bitcoin (BTC) trading volume in the country has jumped by 10-15% in the past two days.

Singapore and Korea to become Hub for blockchain tech and dApps riding on ASTON

The formation of ‘Asia Blockchain Promotion Global Consortium’ was announced by ASTON, a Korean blockchain platform company, on Nov 1, indicating the arrival of the Singapore-Korea region as the hot hub for blockchain technology evolution as well as dApps development.

Top 3 South Korean Crypto Exchanges Expand Overseas

Three of South Korea’s largest cryptocurrency exchanges are expanding overseas.

Korean Crypto Giant Bithumb Makes U.S. Foray with Security Token Exchange Deal

Cryptocurrency exchanges continue to demonstrate resilience despite this year’s downturn in trading volume and prices.