South Korea is planning to cut tax for companies developing nascent technologies such as blockchain as part of its push for innovation growth.
Korean Government-Backed Researchers File for Blockchain Patent
A South Korean government-funded organization has submitted a blockchain-related patent application to the U.S. Patent and Trademark Office.
Report: Korean Political Parties to Propose New Crypto Laws
Lawmakers in South Korea are said to be racing to make laws to regulate the sector.
Korea’s Oldest Mileage Program May Convert Cash Points to Cryptos
The company behind OK Cashbag, the oldest mileage point program in South Korea, is mulling a plan to convert cash points into cryptocurrency.
Korean Watchdog Tightens Rules on Crypto Exchange Bank Accounts
Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures.
Korea’s Exchange Hacks: What the Country’s Crypto Scene Is Saying
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.
Exchange Leak Puts $620K Worth of Customer Crypto At Risk
A new exchange from South Korea leaked critical information about 19 of its users, potentially putting some $620,000 worth of cryptocurrency at risk.
Korean Government to Lead 6 Blockchain Pilots With $9 Million Fund
A South Korean government agency has announced a plan to boost blockchain adoption in the country.
Bithumb Working With Other Crypto Exchanges to Recover Hacked Funds
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.
Bank of Korea: Central Bank Cryptocurrencies Pose ‘Moral Hazard’
South Korea’s central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy.
Korean Banks Can Use Blockchain to Verify Customer IDs from July
A national banking group from South Korea is to roll out a blockchain-based ID verification system for domestic banks next month.
Crypto Exchange Bithumb Hit With Bill After Tax Investigation Ends
South Korean cryptocurrency exchange Bithumb has been found not guilty of tax evasion, but now faces a massive tax bill, according to reports.
Crypto Margin Trading Could Be Illegal Gambling, Says Korean Police
A South Korean police department is alleging the crypto margin trading offered by exchange Coinone is in effect illegal gambling.
Korea Seizes Bitcoin Worth $1.4 Million Following Supreme Court Ruling
South Korea’s Supreme Court ruled Wednesday that cryptocurrencies can be forfeited in criminal cases, allowing the seizure.
Kakao: How Korea’s Largest Mobile Giant Is Embracing Blockchain
Jason Han, CEO of Kakao’s blockchain subsidiary Ground X, tells CoinDesk his thoughts on how crypto could impact big business.
Korean National Assembly Makes Official Proposal to Lift ICO Ban
South Korea’s legislative arm of government is pushing for the removal of the country’s ban on domestic initial coin offerings.
Seoul Mayor Pledges Blockchain Boost in Re-Election Push
Seoul mayor Park Won-soon is pledging to focus on blockchain innovation as part of his campaign pitch for potential re-election this year.
Korea’s Biggest Crypto Exchange Raided Over Suspected Fraud: Report
Prosecutors in South Korea have raided the largest cryptocurrency exchange in the country, UPbit, over suspected fraud, according to a report.
New Korean Financial Watchdog Chief Takes Softer Tone on Cryptos
The incoming head of a South Korean financial regulator has noted the “positive aspects” of cryptocurrencies.
Korea’s SK Telecom to Build Blockchain for Identity and Asset Exchange
SK Telecom has announced plans to launch a blockchain-based platform aimed to simplify payment and subscription processes.