Companies using cheap electricity to mine cryptocurrencies at industrial complexes in South Korea have reportedly been arrested by police.
Report: Korean Insurer Denies Claim from Bankrupt Crypto Exchange
A South Korean cryptocurrency exchange has reportedly had its insurance claim denied months after it closed following a debilitating hack.
Survey: Younger Koreans More Likely to Invest in Crypto
Nearly a quarter of South Koreans in their 20s want to invest in cryptocurrencies, according to a new poll conducted by Bank of Korea.
Kakao Confirms Creation of Blockchain Platform, Denies ICO Rumor
South Korean internet giant Kakao has confirmed it is setting up a new blockchain subsidiary, but quashed rumors of a planned initial coin offering.
Korean Regulators to Probe Banks’ AML Measures for Crypto Exchanges
Two South Korean regulators are reportedly launching an investigation of banks’ implementation of anti-money laundering procedures for exchanges.
South Korean Financial Watchdog Touts Blockchain in Fintech Plans
South Korea’s Financial Services Commission plans to encoureage businesses to use blockchain tech in new payment systems and more.
Korea Telecom Announces Blockchain For Network Security
South Korean telecom provider KT unveiled a new system based on a blockchain security-focused network.
South Korea Raids 3 Crypto Exchanges in Embezzlement Probe
South Korean prosecutors reportedly raided the offices of three cryptocurrency exchanges on suspicion of siphoning off funds from customers’ accounts.
Report: South Korea Could Ease Its ICO Ban
South Korea’s ban on initial coin offerings (ICOs) could be relaxed in the months ahead, according to a new report.
Korean Messaging Giant Kakao to Launch Blockchain Subsidiary
South Korean internet giant Kakao, which owns the popular messaging app Kakao Talk, is reportedly moving to integrate blockchain in its business.
Bitcoin’s ‘Kimchi Premium’ Has All But Evaporated
CoinDesk data shows that the gap between South Korea’s bitcoin prices, and those shown by the global market, closed over the course of February.
South Korean Bank Trials Ripple for Overseas Remittances
South Korea’s Wooribank has reportedly completed an overseas remittance test using Ripple’s DLT solution.
Trump Sanctions on North Korea Won’t Stop Crypto Hacks, Senator Says
One U.S. senator thinks the Trump administration isn’t doing enough to deter North Korean attacks on cryptocurrency users and exchanges.
South Korea to Support ‘Normal’ Crypto Trading, Says Finance Watchdog
South Korea’s Financial Supervisory Service has reportedly said that the government will support “normal” cryptocurrency trading transactions.