8 / 13 Relevant items tagged with #SouthKorea

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Bitcoin.com Partners With Busan International Film Festival as Major Sponsor

[Sep 30, 2023 11:00 PM] Bitcoin.com, one of the world’s leading cryptocurrency wallet developers and news portals, has partnered with the Busan International Film Festival as a major sponsor. The Busan International Film Festival (BIFF), held annually in South…

Digital Arm of Thailand’s SCBX and Korean Web3 Firm Hashed Ink R&D Partnership

[Sep 26, 2023 6:00 PM] The partnership comes weeks after KBank, rival of SCBX’s parent, announced a $100 million web3 fund.

South Koreans Report Over $98 Billion in Overseas Crypto Assets

[Sep 21, 2023 2:30 AM] South Korean tax payers have declared some 131 trillion won (more than $98 billion) of crypto holdings in overseas accounts this year. The amount was announced by the country’s tax agency and it comes after the authorities in Seoul imposed a…

Busan is developing an Ethereum-compatible mainnet to become a ‘blockchain city’

[Sep 21, 2023 2:12 AM] The city administration behind the project aims to make Busan a blockchain city and has launched a $75-million development plan to realize the goal.

South Koreans Hold $99B of Digital Assets Overseas: Tax Service

[Sep 20, 2023 7:18 AM] The crypto held in overseas accounts for about 70% of all assets held outside the country.

Crypto makes up 70% of South Korea’s reported overseas assets: Tax agency

[Sep 20, 2023 2:19 AM] Over 1,400 individuals and corporations in South Korea have reported holding $98 million in crypto overseas, which is 70% of all reported assets.

South Korea focuses on OTC crypto regulations as unlawful deals reach $4B

[Sep 18, 2023 3:53 AM] According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using virtual currency was estimated to be worth $4 billion last year.

South Korea’s Crypto Ecosystem Shakes Off Terra Debacle, With Gaming Dominating Web3 Activity

[Sep 15, 2023 12:43 AM] Korean banks are gradually dipping their toes in the market, and gaming firms are trying to capitalize in the crypto-frenzied market.

South Korean Bitcoin lender Delio plans to sue regulators: Report

[Sep 14, 2023 5:46 AM] South Korean financial regulators accused Delio of fraud and embezzlement and seized its assets in July earlier this year.

Web3 Doesn’t Care About Bitcoin Prices – And Other Musings From Korea Blockchain Week

[Sep 13, 2023 2:25 AM] A packed venue and hopeful cheers from an estimated 10,000 people attending the many Web3 panels could have made one doubt whether the industry remains in one of the deepest bear markets in its young history.

Crypto Biz: Coinbase’s lending bet, a new ads policy at Google and Marathon’s mining performance

[Sep 8, 2023 3:30 PM] This week’s Crypto Biz explores Coinbase's lending platform, Marathon Digital’s latest Bitcoin mining report, Hana Bank’s move to offer crypto custody and Google’s new crypto ads policy.

$500B Korean Asset Manager Taps Polygon Labs to Develop Tokenized Securities Network

[Sep 7, 2023 12:39 AM] Mirae Asset Management teams up with Ethereum scaling solution Polygon Labs to develop a tokenized securities network and accelerate adopt of Web3 technologies.

South Korea Seeks to Freeze North’s Crypto Assets Under New Law

[Sep 6, 2023 1:30 AM] The government in Seoul intends to submit new legislation tailored to facilitate the tracking and freezing of crypto used to fund the weapons programs of North Korea. A bill has been drafted after extended consultations between ministries with the…

BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank

[Sep 5, 2023 4:01 AM] The Californian company will develop custody services and security solutions, local media reported.

South Korean Hana Bank enters crypto custody business with BitGo

[Sep 5, 2023 2:55 AM] KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024.

South Korean parliament rejects motion to expel lawmaker over crypto scandal

[Aug 30, 2023 4:22 AM] South Korean lawmaker and Wemix investor Kim Nam-kuk will stay in the parliament after a 3–3 vote in the expulsion motion.

Naver Corp unveils South Korea's answer to ChatGPT and generative AI

[Aug 23, 2023 11:49 PM] South Korean internet giant Naver Corp. has released CLOVA X, a Korean language chatbot similar to ChatGPT that can have conversations and summarize text.

GenZ in South Korea prefer XRP and other altcoins to BTC and ETH: Report

[Aug 23, 2023 7:28 AM] A report from a local South Korean publication found that 20% of GenZ investors in the country have XRP as their most selected altcoin.

South Korean city to seize crypto from thousands of tax evaders: Report

[Aug 22, 2023 2:38 AM] City authorities of Cheongju are looking to seize cryptocurrency from anyone who owes at least $750 in crypto taxes to the government.

SEC seeks to question Terraform Labs co-founder Daniel Shin in Korea

[Aug 17, 2023 6:43 PM] The Securities and Exchange Commission wants to question Daniel Shin on Do Kwon and Chai Corporation’s relationship with Terraform Labs.

Anthropic AI raises $100M from South Korea to bolster telecommunications industry

[Aug 14, 2023 4:09 AM] Google-backed AI developer Anthropic raised $100 million in funding from South Korean telecommunications giant SK Telecom to bolster the industry.

South Korea arrests Bitsonic CEO for allegedly stealing $7.5M of users’ money

[Aug 9, 2023 2:40 AM] The vice president of the crypto exchange will also be put on trial without preliminary detention.

LK-99 and Cracking Bitcoin: A Quantum Leap in Optimism or Threat? Community Debates Potential Impact

[Aug 6, 2023 12:30 PM] In recent times, attention has gravitated towards a novel substance known as LK-99, celebrated as a potential wonder superconductor with the capability to usher in an era of lossless power transmission, more potent computers, and stronger magnets…

Korean superconductor LK99 joins memecoin craze

[Aug 4, 2023 11:30 AM] The world's supposed first room-temperature ambient pressure superconductor already has a memecoin.

Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report

[Jul 31, 2023 8:43 AM] Jeju, Busan and Incheon are in the running to be considered.

South Korea to pilot CBDC in one of these three cities, not Seoul

[Jul 31, 2023 3:50 AM] South Korea pushes forward with its CBDC pilot and targets three potential test regions for issuing and distributing the digital currency.

Curve Finance's Token Surges 500% on Bithumb After Major Exploit

[Jul 31, 2023 3:25 AM] The CRV/KRW pair listed on South Korea's Bithumb exchange has decoupled from the CRV/USD pairs listed on Western exchanges that exhibit price weakness.

Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities

[Jul 27, 2023 4:30 PM] According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory…

South Korea strengthens crypto regulation with LEI adoption and crime unit

[Jul 26, 2023 6:54 AM] The decision was driven by the country's concern over illicit activities in the crypto market and the desire to safeguard investors.

Korean banks research stablecoin, CBDC alternative

[Jul 24, 2023 4:32 AM] Hana Bank plans to research certificates of deposit tokens, while Woori Bank’s research department has recently released a report on the tokens.