South Korea's Financial Services Commission has revealed it is setting up a department dedicated largely to cryptocurrencies and blockchain.
South Korea is planning to cut tax for companies developing nascent technologies such as blockchain as part of its push for innovation growth.
A South Korean government-funded organization has submitted a blockchain-related patent application to the U.S. Patent and Trademark Office.
Lawmakers in South Korea are said to be racing to make laws to regulate the sector.
The company behind OK Cashbag, the oldest mileage point program in South Korea, is mulling a plan to convert cash points into cryptocurrency.
Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures.
Koreans have been up in arms on social media ever since two popular South Korean crypto exchanges were hacked only weeks a part from each other.
A new exchange from South Korea leaked critical information about 19 of its users, a mistake that could have cost them $620,000 in cryptocurrency.
A South Korean government agency has announced a plan to boost blockchain adoption in the country.
South Korea's Bithumb cryptocurrency exchange said Thursday that it may be able to reduce the losses arising from a major hack earlier this week.