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.
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 “near future”.
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.
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.
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.
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 ...