Category: South Korea

South Korea Points to North Korea as Cryptojacking Culprit

South Korean intelligence officials are pointing toward North Korea as being the responsible party behind a string of cryptojacking cases across the country.

Korea’s Finance Minister Approves Banks Working With Crypto Exchanges

Choi Jong-Ku, the commissioner of the Financial Services Commission (FSC) of South Korea, has reaffirmed that there exists no issues related to compliance and security in the process of banks providing virtual bank accounts to local cryptocurrency exchanges.

Cryptocurrency Trading Volume In South Korea Soars

After a quiet start to 2018 and a significant contraction in the middle of the year, there is a considerable increase in Korean won (KRW) cryptocurrency trades.

Bitstamp Acquired by South Korean Gaming and Electronics Conglomerate

The cryptocurrency exchange was purchased by NXMH, which is owned by NXC. The price of the deal was not disclosed.

South Korea’s Financial Watchdog Warns Investors Over Crypto Funds

South Korea's Financial Services Commission has warned the public to exercise caution when investing in cryptocurrency funds.

South Korea Mulls Lifting ICO Ban in November, Will Crypto Prices Surge?

While delivering her keynote at the 2018 Korea Blockchain Expo, chairperson of The National Assembly Special Committee, Lee Hye-hoon, said the blanket Initial Coin Offering (ICO) ban will be lifted in the ‚Äúnear future‚ÄĚ.

New Energy Efficient Samsung Chips Could Benefit Crypto Miners

Samsung’s production wing, Samsung Foundry, has launched a new production process of its 7-nanometer (nm) Low Power Plus (7LPP) process node, which could reduce its energy consumption by up to 50 percent.

Crypto Exchange BTCC to Debut in South Korea; Partners with Blockchain AR Startup Scanetchain

BTCC, which was once one of the largest cryptocurrency exchanges in the world by trading volume, is going to launch its operations in South Korea next month.

Major Korean Financial Holding Company Wins Blockchain Patent for Improved Fintech Security

Leading South Korean financial holding company KB Financial Group Inc. has been awarded a patent for a blockchain-based fintech app security solution, South Korean economic news outlets The Digital Times reports Monday, Oct. 15.

South Korean Plastic Surgeon Acquires Bithumb Cryptocurrency Exchange for $353 Million

News coming out of the local media in South Korea indicate the sale of Bithumb to BK Global Consortium. Bithumb is one of the largest cryptocurrency exchange platforms in the market, while BK Global is a Singapore-based firm.

South Korea Remains Firm on ICO Ban Despite Calls for Legality, For Now

The chairman of South Korea’s primary markets regulator has reaffirmed the authority’s initial coin offering (ICO) ban in a top-level meeting on Thursday.

Korean Crypto Exchange Sued for Controversial Token Schemes

A lawsuit has reportedly been filed in South Korea against a local cryptocurrency exchange over its price-pumping schemes involving token issuance. The suit alleges that Cashierest’s token which pays dividends and rebates transaction fees to investors violates the country’s capital markets law. The Lawsuit South Korean law firm Aone filed a complaint with Seoul Central District ...