“This week has been, what many consider, a positive turning point for the crypto and digital assets industry,” said James Wo, founder of crypto fund DFG, in a Telegram message. “With...
Tag: Korean
Crypto-friendly Yoon Suk-yeol wins Sth Korean presidency, ICX surges 60%
Conservative South Korean presidential candidate Yoon Suk-yeol has officially been elected as South Korea’s next president. The election was one of the closest in South Korean history, according to BB...
Former Top Prosecutor Yoon Suk-Yeol Wins South Korean Presidency
South Korean President-elect Yoon Suk-yeol of the main opposition People Power Party celebrates with supporters at the party’s headquarters on March 10, 2022 in Seoul, South Korea. Chung Sung-Ju...
Chemicals-To-Retail Conglomerate Lotte To Buy $150 Million Stake In Korean Car-Sharing Unicorn Startup
Lotte chairman Shin Dong-bin. Chung Sung-Jun/Getty Images Lotte Rental, the rental car unit of South Korean conglomerate Lotte Group, said on Monday it is acquiring a 13.9% stake in car-sharing unicor...
Korean Auto Giant Hyundai Unveils $16 Billion Plan To Accelerate Electric Vehicle Push
Hyundai Motor’s Euisun Chung. NurPhoto/NurPhoto via Getty Images South Korean auto giant Hyundai Motor plans to invest about $16 billion and roughly double its market share in the global electri...
NFTs Enters Politics, South Korean Presidential Candidate Launches His NFTs
Finally, Non-fungible token (NFT) has made its entry into politics. The South Korean Presidential Election has witnessed the involvement of NFTs to woo the younger voters. In a bid to win the election...
4 biggest South Korean crypto platforms prohibited Russian users
Crypto platforms operating through South Korea have been joining the increasing list of global sanctions against Russian President Vladimir Putin’s regime by barring the nation’s IP addresses. The ten...
South Korean Exchanges Block Russian IP Addresses
Key Takeaways Several South Korean cryptocurrency exchanges have imposed bans on Russian users, according to The Korea Times. Upbit, Coinone, Bithumb, Korbit, and Gopax have taken those measures, broa...
Reactions against Russia continue: largest South Korean exchanges block Russian IP’s
Russia invaded Ukraine 7 days ago, and the world continues to show its reaction. As Russia relied on cryptocurrencies to combat economic isolation and its citizens relied on Bitcoin against the fallin...
Leading South Korean exchanges to block Russian users
Some of the largest cryptocurrency brokerage firms in South Korea are reportedly blocking the IP addresses of Russian users. These exchanges are joining the US and other Western countries on imposing ...
South Korean Crypto Exchanges Restrict Russians’ Access Over War in Ukraine – Bitcoin News
Major South Korean cryptocurrency exchanges have introduced restrictions for Russian users, effectively joining western sanctions over Moscow’s military invasion of Ukraine. The measures include block...
Korean blockchain experts seek the government’s help for digital asset market
The Korea Digital Asset Industry Committee comprising of leading Blockchain experts in South Korea has called for the formation of a government committee dedicated to helping and advancing digital ass...
South Korean Crypto Exchanges Block Russian-Based IP Addresses (Report)
Some of the leading cryptocurrency exchanges in South Korea reportedly joined the growing number of global sanctions against Putin’s regime by blocking IP addresses from Russia. Among those trading ve...
A ‘Political Novice’ Will Soon Be In Charge Of South Korean Foreign Policy, With What Result?
South Korea’s presidential candidate Lee Jae-myung of the ruling Democratic Party looks on before a … [+] debate with his rivals at the KBS studio on March 02, 2022 in Seoul, South Korea. ...
Korean Webcomic Platform RIDI Hits Unicorn Status With GIC-Led Round
A webcomic on RIDI’s Ridibooks app. Courtesy of RIDI South Korean e-book and webcomic provider RIDI has raised $99.4 million in a funding round led by Singapore sovereign wealth fund GIC at a va...
South Korean Billionaire Businessman Kim Jung-ju Passes away, Aged 54
News has emerged that Kim Jung-ju, a prominent South Korean businessman, investor, philanthropist, and founder of Korea’s largest gaming company, Nexon, died on Monday at the age of 54, according to t...
LABEL Foundation Proves That There Is A Light At The End Of The Tunnel For South Korean Crypto Community
Due to rigorous restrictions and high-level supervision from financial watchdogs, obtaining a listing on South Korean exchanges has become tedious and difficult. The local market appears to have come ...
LABEL Foundation Debuts On South Korean Digital Asset Exchange Coinone
LABEL Foundation (LBL) has been listed on South Korean digital asset exchange Coinone. The listing is a huge milestone for the project given that South Korea possesses some of the strictest crypto lis...
These South Korean crypto firms are warming up to meet the FATF travel rule
South Korean regulatory watchdogs have made stance pretty clear with the new travel rule in place. No, not for COVID. As the regulatory landscape changed in Korea, crypto businesses had to proactively...
Increasingly South Korean Crypto To Crypto Exchanges Are Hoping To Make A Profit In Fiat Currency
Although a group of South Korean crypto exchanges may be granted permission to begin crypto-to-fiat trading, perspectives disagree on whether the 23 exchanges presently stuck in crypto-to-crypto limbo...
South Korean Kookmin Bank to Launch the First Crypto Fund
Kookmin Bank, the largest banking financial institution in South Korea, has announced its plans to launch the nation’s first crypto fund, a move targeted at retail investors. According to the announce...
Top South Korean Financial Group Starts Crypto Division
Key Takeaways KB Asset Management group announced the launch of its Digital Asset Management Preparation Committee today. The group will research many different crypto-related products and plans to of...
North Korean Hackers Launder Crypto Using Sophisticated Techniques: Report
According to a recent analysis, the Pyongyang-led cybercrime organization – the Lazarus Group – employs advanced techniques to steal and launder cryptocurrencies. The gang has shown “remarkable adapta...
South Korean Crypto Exchange Chief Gets 22 Years in Prison For $1.7B Fraud
The seven executive employees of the South Korean V Global exchange were found guilty on Friday for the crypto fraud of 2 trillion won ($1.7 billion), authorities sentenced them to jail with hefty fin...
South Korean University to Present NFT Certificates for Graduates
Sungkyunkwan University (SKKU), a top private university in Suwon, South Korea, seeks to add flavour to its graduation ceremony slotted onFebruary 16, by offering (non-fungible token) NFT certificates...
This South Korean university is going to issue NFT certificates to students
The Sungkyunkwan University of South Korea has announced that it will issue certificates to its three students in Non-fungible token format. The recent announcement was made on 14 February that these ...
North Korean Hackers Stole $400 Million in Cryptocurrency Last Year — Ether Accounts for 58% of Stolen Funds – Coinotizia
North Korean hackers stole cryptocurrency worth about $400 million last year in at least seven major attacks on crypto platforms. “Only 20% of the stolen funds were bitcoin … And for the first time ev...
Binance joins South Korean entertainment YG to launch a blockchain project
TL;DR Breakdown Binance has formed a partnership with South Korean-based YG Entertainment to launch blockchain projects. YG Entertainment would take part in developing gaming assets and NFT content. T...
North Korean Nuclear Weapons Program Financed in Crypto: Report
North Korea’s nuclear and ballistic missile programs rely heavily on revenue from cyberattacks and cryptocurrency exchanges, according to a United Nations report seen by Reuters. “According to a memb...
South Korean Crypto Exchanges Face a Surge in Complaints, People Turning to Home Mining
There has been a massive spike in the number of complaints against South Korea’s four biggest crypto exchanges last year. However, citizens are adopting crypto in a big way. Crypto mining is also on t...