Binance is helping the South Korean city of Busan “grow crypto adoption within the city and beyond.” The global crypto exchange will also support the development of the city’s blockchain ecosystem and...
Tag: Korean
Former South Korean Deputy Minister Yong-beom Kim Joins Blockchain Research Institute
Yong-beom Kim, former first deputy minister of the Ministry of Planning and Finance of South Korea, will join Hashed Open Research, a blockchain and digital technology research institute, as CEO. Yong...
Hashed taps ex-South Korean finance official to lead research institute
Crypto venture capital firm Hashed has appointed a former South Korean vice finance minister to head the company’s new research institute. Hashed Open Research will connect blockchain experts a...
Crypto Exchange Binance to Help S. Korean City of Busan Develop Its Blockchain Industry
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Former South Korean Finance Minister Joins Hashed Research as CEO
First Vice Minister of Economy and Finance Kim Yong-beom Hashed, the South Korean blockchain investment firm, has scored a coup with the appointment of the country’s former First Vice Minister of Econ...
South Korean companies plan to set up crypto companies in early 2023
Some of the largest companies in South Korea, including Samsung and Mirae Asset Securities, are planning to set up cryptocurrency exchanges next year. The companies are paying attention to the buzzing...
South Korean financial majors want to create virtual assets exchange in 2023: Report
Samsung Securities is among seven large South Korean securities companies that have applied for government approval to create a virtual assets exchange, according to a report in South Korean publicati...
South Korean Brokerages Looking to Open Crypto Exchanges Despite Terra (LUNA) Collapse
Seven of the largest brokerages in South Korea have started proceedings that will enable them to open digital currency exchanges in the first half of next year. The large domestic expansion companies ...
Samsung Working on South Korean Crypto Exchange
Key Takeaways Samsung and other members of the Korea Financial Investment Association are constructing a crypto exchange. The major financial firm Mirae Asset Securities is also involved. Other partic...
South Korean Finance Ministry Says Airdrops Are Subject to Gift Tax South Korean Finance Ministry Says Airdrops Are Subject to Gift Tax
The Ministry of Strategy and Finance of the South Korean government has said that virtual asset airdrops are subject to gift tax as per existing tax laws. Gift tax has to be paid when free virtual ass...
Seven S. Korean Brokerages Plan to Start Crypto Exchanges Next Year: Report
Mirae Asset Securities and Samsung Securities are among the seven firms, the newspaper reported citing anonymous industry sources. Mirae has established a subsidiary under its affiliate Mirae Consulti...
Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges – Regulation Bitcoin News
The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entit...
South Korean professor invents toilet that turns waste into energy and pays out crypto
The creation of so-called ‘meme coins’ and, for lack of a better expression in the blockchain industry, ‘shitcoins‘, which refer to worthless coins or tokens that have little to no utility outside spe...
South Korean Beevi Toilet Project Came to an End!
In July, 2021, a community of active scientists named Science Walden brought a weird project. The project named ‘BeeVi’ toilet proposed to use human waste. People behind this plan thought to turn huma...
South Korean Toilet Turns Poop into Cryptocurrency
Shitcoins are here, and they are a stroke of genius. This is definitely one of the coolest things in crypto so far. Ulsan National Institute of Science and Technology’s Cho Jae-weon is an urban and en...
These 16 Crypto Exchanges Have Been Flagged By South Korean Financial Regulator
A Total 16 Crypto Exchanges Have Been Picked Out The move from the financial watchdog arrived after a supposed request from the intelligence unit that the local branch of these exchanges need to be sc...
Korean Police to Accept Cryptocurrencies For Traffic Fines
The South Korean police have just completed a successful trial program that allows it to take crypto from individuals to pay their traffic fines. Gunpo, a small city in the northwestern Gyeonggi provi...
Korean police seize crypto for unpaid traffic fines in trial
A South Korean town near Seoul has been successfully operating a pilot program that allows police to seize crypto from the exchange accounts of individuals with delinquent traffic fines. Gunpo, a city...
North Korean Hackers Have Looted $1,000,000,000 From DeFi Protocols This Year: Chainalysis
Hacking groups affiliated with North Korea are responsible for much of the theft occurring on decentralized finance (DeFi) protocols, according to blockchain analysis platform Chainalysis. The market ...
South Korean Regulator Flags 16 Overseas Crypto Exchanges for Lack of Domestic Licenses (Report)
South Korea’s financial sector regulator Financial Services Commission (FSC), is planning to stop domestic access to foreign crypto exchanges that are not registered in the country. These trading plat...
Korean police completes trial to accept crypto for traffic fines 1
South Korean police are set to take crypto from individuals with traffic fines after a successful trial of the pilot program. According to the details of the program, the police will be able to take t...
South Korean Pilot Allows Police to Seize Crypto for Non-Payment of Fines
As per a report by South Korean paper Joongboo Ilbo, the National Police Agency of the country is experimenting with virtual asset seizure for non-payment of fines. The pilot is being tested to facil...
‘Flower Of Evil’ Becomes ‘Duranga’ As India’s First Korean Drama Remake
‘Duranga,’ the remake of ‘Flower of Evil,’ stars Gulshan Devaiah and Drashti Dhami. Studio Dragon/Zee5 Popular Korean drama Flower of Evil, starring Lee Jun-ki and Moon Chae-wo...
Terra’s Do Kwon reportedly seeks assistance from Korean law firm as investigation heats up
Days after appearing in public following the demise of his company that has sent ripples across the cryptocurrency sector, the CEO of Terraform Labs Do Kwon has reportedly lawyered up in preparation f...
Korean Regulators Probe Banks Over $6.5 Billion Linked to Kimchi Premium – crypto.news
South Korean banks are under investigation for their role in facilitating $6.5 billion in suspicious overseas remittances that have been linked to firms arbitraging cryptocurrencies. Korean Banks Prob...
South Korean Regulators Investigate Banks Following $6.5B in Suspicious Remittances
Banks based in South Korea are under investigation for allegedly enabling $6.5 billion in illegal overseas remittances. These remittances were linked to the companies dealing in cryptocurrency arbitra...
Banks Tied To Kimchi Premium Over $6.5B Investigated By Korean Regulators
South Korean financial regulators are looking into the massive amount of foreign remittances Regulators have been concerned about Kimchi premium trading Large remittances have raised red flags South K...
‘Running Man’ Booth Invites LA Fans To Join In The Fun
‘Running Man’ is a long running fan favorite reality show. KOCOWA Running Man is the name of the popular Korean reality-variety show that stars Yu Jae Seok, Kim Jong Kook, Haha, Jee Seok J...
Fresh Trouble for South Korean Banks Over Bitcoin Kimchi Premium Trades Worth $6.5B
South Korea’s integrated financial regulator – Financial Supervisory Service (FSS) – is reportedly investigating domestic and commercial banks after detecting a significant amount of illegal overseas ...