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Category: South Korea

January 19, 2021

Dunamu launches first digital asset fear and greed index in Korea

TL;DR Breakdown: Upbit exchange operator has developed Korea’s first digital asset fear and greed index.The indicator will help local investors to make better investment decisions.…
January 18, 2021

Huobi Korea scores certification from Korea Internet and Security Agency

The South Korean arm of global crypto giant Huobi has acquired an ISMS certification to comply with the upcoming Special Payment Act.…
January 14, 2021

South Korea’s tourist hotspot launches DLT-based app tracing COVID-19

Jeju Island and blockchain company Iconloop are proceeding with a full rollout of their COVID-19 contact tracing app following successful pilots.  Jeju Island, a major tourist destination in South Korea, is introducing a government-backed, system for tracking COVID-19 contacts based on blockchain technology.On…
January 11, 2021

Korea’s Shinhan Bank makes strategic investment in crypto custody consortium

South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit.…
January 11, 2021

South Korean gaming conglomerate Nexon denies plans to acquire Bithumb

Reports last week had claimed that Nexon was poised to acquire the exchange at an evaluated price of roughly $460 million.…
January 7, 2021

South Korea to introduce a 20% tax on crypto trading profits in 2023

After several delays, the South Korean government is going ahead with a plan to tax cryptocurrency holders.…
January 7, 2021

Report: Major gaming conglomerate Nixon prepares to acquire Bithumb

South Korean media has reported that Nexon, a multi-billion dollar conglomerate led by CEO Kim Seong-Ju, plans to acquire the country's largest cryptocurrency exchange.…
December 30, 2020

2020’s 5 countries friendliest to crypto and blockchain

These five countries have led the way in driving cryptocurrency and blockchain adoption in 2020. As the use of cryptocurrencies continues to spread around the world, a number of countries have established themselves as leaders in adoption.COVID-19…
December 23, 2020

Korean crypto investment company launches $100 million fund for blockchain projects

South Korea’s Hashed has established a new fund to finance emerging blockchain startups Hashed, one of South Korea’s largest crypto asset fund managers, has raised 120 billion won ($110 million) to fund new blockchain ventures in the so-called “protocol economy.”The…
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December 17, 2020

LG’s consulting arm joins KardiaChain mainnet validators

Electronics giant LG is supporting a new Vietnamese blockchain initiative through its IT and consulting subsidiary.…
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December 8, 2020

Execs from ‘99% fake’ exchange face charges over market manipulation

Police have charged Coinbit chairman Choi Mo and two unnamed executives with fraud and forgery related to market manipulation and prosecutors are preparing the case.…
November 27, 2020

South Korean crypto market records more trades in Altcoins

TL:DR Breakdown: The South Korean crypto market had the most altcoin trading volume for the past five months.Korean…

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