Category: South Korea

South Korea’s Crypto Market Overview: How Largest Banks and Conglomerates Back Exchanges

The crypto market and blockchain sector of South Korea, the third-largest digital asset exchange market in the world behind the United States and Japan, have some of the most robust systems and infrastructure in place to protect investors and facilitate the growing demand for cryptocurrencies.

South Korean Gov’t Pledges Support for Blockchain Startups to Facilitate Industry Growth

The Korean Ministry of Science and Information Communications Technology (MSICT) has pledged further support to facilitate the growth of the domestic blockchain industry, Business Korea reported September 21. Second Minister of Science and ICT Min Won-ki held a meeting with blockchain startups as part of the government’s effort to establish contact with organizations in what it has dubbed the 10 key ICT sectors ...

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Korean Mobile Carrier Will Provide Blockchain Payments Overseas

Korean mobile carrier LG Uplus will provide blockchain-based overseas payment services to its subscribers via partnerships in Japan, Taiwan, and the United States. The service, based on the cross-carrier payment system (CCPS), is expected to go on trial early next year. Subscribers will be able to complete foreign purchase transactions using payment networks of carriers other than ...

Seoul-Based Food Delivery Service Now Accepts Bitcoin Cash

This week Bitcoin Cash (BCH) fans were pleased to hear another well-known merchant is now supporting BCH for payments. The South Korea-based food dispatch platform called Shuttle Delivery now accepts BCH for door-to-door meal deliveries throughout the Seoul region. Click here to see more.

Fiat withdrawals in South Korean exchanges for verified accounts only

Two of the biggest cryptocurrency exchanges in South Korea are requiring accounts to provide real names before allowing withdrawals in Korean won, news.bitcoin.com reported. Click here to see more