Browsing the "South Korea" Tag

Korean Actor Invests in Blockchain Seafood Trade Startup

| Yogita Khatri

South Korean actor and businessman Bae Yong-joon has invested an undisclosed sum in blockchain-based seafood trade startup Seamon.

Kakao’s Blockchain Arm Raises $90 Million in Private Token Sale

| Yogita Khatri

Ground X, the blockchain subsidiary of South Korea's Kakao, has raised $90 million in a private coin offering, Bloomberg says.

Developer of Blockchain Project ICON Denies IPO Plan Reports

| Yogita Khatri

South Korea-based ICONLOOP, the firm behind blockchain project ICON, has denied reports it's moving to go public.

South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement

| Yogita Khatri

South Korean cryptocurrency exchange Coinbin has declared bankruptcy, in part due to claimed embezzlement by a former exec.

South Korean Capital’s $1 Billion Startup Fund Will Include Blockchain Firms

| Yogita Khatri

The Seoul Metropolitan Government has committed over $1 billion to invest in innovative startups by 2022, including blockchain firms.

Crypto Exchange Bithumb Launches OTC Trading Desk for Digital Assets

| Yogita Khatri

Crypto exchange Bithumb has launched a global OTC trading desk for digital assets based in Hong Kong.

Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk

| Yogita Khatri

A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.

South Korea Will Maintain ICO Ban After Finding Token Projects Broke Rules

| Yogita Khatri

South Korea has decided not to lift its ban on domestic initial coin offerings after a watchdog's survey found projects have been violating rules.

4 South Korean Crypto Exchanges Team Up to Tackle Money Laundering

| Yogita Khatri

Four major cryptocurrency exchanges in South Korea have partnered on an initiative to combat potential money laundering and protect users.

Crypto CEO Sentenced to 3-Year Jail Term for Faking Trading Volume

| Daniel Palmer

Two execs from South Korean crypto exchange Komid have been given jail time for faking trading volume and deceiving investors.