The coronavirus outbreak continues to make its mark on various industries. Samsung and LG Innotek are closing factories in South Korea due to a worker testing positive for COVID-19. Given the global chaos caused by COVID-19, it is only normal that more problems will become apparent soon. More Coronavirus Concerns […]
The Litecoin Foundation is trying to unlock more potential for LTC. A new partnership with MeconCash may be rather significant in this regard. Getting South Koreans excited about cryptocurrencies has seemingly never been much of a problem. Litecoin Gains More Traction in South Korea For Litecoin, it may be a […]
Government officials often rely on Microsoft Windows as their computer operating system. That situation will change significantly in South Korea. It is interesting to see different governments handle their computer-based needs. South Korea Goes the Linux Route In South Korea, Microsoft Windows will be removed from government computers fairly soon. […]
The South Korean government wants to tax capital gains on cryptocurrencies. This new decree has yet to be officially improved by the proper authorities. South Korean news outlet Korea Times claims the government wants to impose capital gains taxes on virtual currencies, including bitcoin. Bitcoin Taxation in South Korea This […]
China recently announced it would invest up to $2bn in blockchain technology. South Korean officials are planning to do the same, albeit with just 20% of the funds to allocate. It has been coming for some time now, but governments are officially paying attention to blockchain technology. South Korea to […]
Last year was the worst yet in regards to crypto crime, a new report reveals. The industry lost more than $1.7 billion to crypto crooks, three times the 2017 tally. In what has become an ever-evolving menace, the thieves have continued to refine their methods. Crypto exchanges are still targets […]
South Korea is a very interesting region when it comes to cryptocurrencies. In most cases, there is nothing but positive news first and foremost. At the same time, local regulators are looking for ways to ensure the industry gains more legitimacy. This has forced the first cryptocurrency fund in the […]
In what’s turning out to be a popular trend, Bitstamp cryptocurrency exchange has been acquired by a South Korean investment firm. Bitstamp, which is the oldest major exchange in the world, disclosed the deal today, October 29. NXC, the South Korean tech investment giant made the purchase through its Belgium-based […]
South Korea plays an important role in the cryptocurrency world. Ever since China lost its dominant position, South Korea has become of the Asia’s biggest Bitcoin and altcoin trading hubs. That success comes with potential issues, as numerous exchanges have been hacked in the process. The following three examples represent […]
LG’s telecom subsidiary, LG Uplus, has signed a memorandum of understanding that will see it offer its users blockchain-based international payments. The service will begin trial early next year and will enable users to make payments in Japan and Taiwan, the first such product by a Korean telecoms operator. The […]
South Korea will invest heavily in emerging technologies in 2019, one of which is blockchain technology. The move was announced by the country’s Finance Minister, Kim Dong-yeon, during a recent cabinet meeting. As part of its plan to spearhead innovative growth, the government will invest $4.4 billion in eight sectors […]
In the old days, people invested in gold as a store of wealth as its value was universal and largely stable. However, cryptos changed the game and attracted a lot of investment which otherwise would have gone to gold. But what if you could merge the two? This was the […]
South Korea’s cryptocurrency situation is slowly becoming a lot more clear. Despite initial concerns regarding the Upbit exchange’s investigation, the company successfully passed an audit by local financial authorities. There is no proof of any wrongdoings, and Upbit was not involved in any trading manipulation. Upbit Receives the Green Light […]
After several days of bitcoin remaining above $8,000 and enthusiasts rejoicing about a possible new era for crypto, bitcoin has suddenly tanked by roughly $400 and is now trading for about $7,643. Current conditions suggest that bitcoin – despite showing signs of newfound strength – is still just as vulnerable […]
There are quite a few companies which are building their own proprietary blockchains. As is always the case when ventures like these come to market, one has to wonder whether they can live up to expectations. KT Corp, one of South Korea’s leading mobile carriers, has unveiled a commercial network […]
Binance is a cryptocurrency exchange which continues to make headlines on a regular basis. In its latest move, the company is trying to make inroads into South Korea, which is the world’s leading cryptocurrency market as of right now. For Binance, entering South Korea will be another crucial step toward […]
You know it’s serious when companies are willing to spend significant cash on small blocks of advertising. That’s what happened during one of the World Cup quarterfinal matches, and it’s a big deal in terms of who sponsored the commercial. HDAK, a well-known subsidiary of Hyundai, the South Korean car […]
A lot of things are changing in South Korea’s cryptocurrency ecosystem. With all major exchanges adhering to self-regulation, the government has bought additional time prior to introducing official guidelines. It seems that regulation will be introduced a lot sooner than originally thought. South Korean Regulators Make Their Move According to […]