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    Korean Conglomerate CJ Develops Blockchain for Music Copyright

    Korean Conglomerate CJ Develops Blockchain for Music Copyright

    CJ, one of South Korea’s largest conglomerates, is developing a blockchain-based music copyright management system using AWS’ Amazon Managed Blockchain Service, according to local media.

    TODAY

    South Korea’s Woori Financial Teams up with Kakao’s Crypto Payments Group

    South Korea’s Woori Financial Teams up with Kakao’s Crypto Payments Group

    Woori Financial Group, one of South Korea’s largest banking companies, has agreed to work with Ground X in developing blockchain financial services.

    21 AUGUST 2019

    Maltese Crypto Exchange CGEX Shuts Down After Temporary Terminations

    Maltese Crypto Exchange CGEX Shuts Down After Temporary Terminations

    Coinone Global Exchange (CGEX), a Malta-based crypto exchange launched by major South Korean exchange Coinone, will terminate its service in mid-September.

    19 AUGUST 2019

    Shinhan Bank Teams With Kakao’s GroundX for Blockchain Security Boost

    Shinhan Bank Teams With Kakao’s GroundX for Blockchain Security Boost

    Shinhan, one of the oldest and largest banks in South Korea, has partnered with two fintech firms to build a new security system using blockchain tech.

    14 AUGUST 2019

    Bitcoin’s ‘Kimchi Premium’ Vanishes Again as Trading Range Tightens

    Bitcoin’s ‘Kimchi Premium’ Vanishes Again as Trading Range Tightens

    The spread between the price of bitcoin on South Korean and U.S.-based crypto exchanges, which returned in June and hit 16-month highs, has disappeared once again.

    14 AUGUST 2019

    South Korea Declares Partial ‘Regulation-Free’ Zone for Crypto Companies

    South Korea Declares Partial ‘Regulation-Free’ Zone for Crypto Companies

    Busan has been declared a “regulation-free” zone for blockchain development by South Korea’s national government, a move long expected but now formalized as part of a larger liberalization push.

    2 AUGUST 2019

    4 Korean crypto exchanges facing stricter norms from banks post FATF guidelines

    4 Korean crypto exchanges facing stricter norms from banks post FATF guidelines

    Four cryptocurrency exchanges in South Korea - Bithumb, Upbit, Coinone and Korbit - are reportedly facing stricter requirements for renewal of their accounts from banks in the country.

    30 JULY 2019

    Someone Is Trying to Trademark ‘Samsung Coin.’ It’s Not Samsung

    Someone Is Trying to Trademark ‘Samsung Coin.’ It’s Not Samsung

    Someone in South Korea appears to be trying to take advantage of Samsung’s blockchain efforts by nabbing the “Samsung Coin” trademark.

    20 JULY 2019

    Shinhan Card develops blockchain-based payment system

    Shinhan Card develops blockchain-based payment system

    Shinhan Card has obtained a patent for a blockchain-based payment system. The company is the first in the world to have established a credit transaction service using the new record-keeping technology, it said Monday.

    15 JULY 2019

    Korean Watchdog Warns of Financial Stability Risk From Facebook’s Libra

    Korean Watchdog Warns of Financial Stability Risk From Facebook’s Libra

    Facebook’s recently unveiled Libra cryptocurrency project threatens the stability of financial systems, according to a South Korean financial regulator.

    8 JULY 2019

    South Korea's Largest Telecom SK Group Invests $10M in ConsenSys

    South Korea's Largest Telecom SK Group Invests $10M in ConsenSys

    South Korea's largest telecom and the third top conglomerate SK Group has invested $10 million in major global blockchain firm ConsenSys, according to a report by local news agency Chosun on July 2.

    2 JULY 2019

    Cryptocurrency Adoption Is Highest In These 5 Countries

    Cryptocurrency Adoption Is Highest In These 5 Countries

    When we think of cryptocurrency adoption, we often assume that South Korea, Japan, or the United States take the lead. Not so, according to the latest results from Statista.

    23 JUNE 2019

    5 South Korean Crypto Exchanges Take On New Responsibility for User Losses

    5 South Korean Crypto Exchanges Take On New Responsibility for User Losses

    Five cryptocurrency exchanges in South Korea have increased their liability to users in line with demands from regulators. Local English-language news outlet The Korea Herald reported the news on June 17, citing Yonhap News Agency.

    17 JUNE 2019

    South Korean Internet Giant Kakao’s Blockchain Platform to Launch in June

    South Korean Internet Giant Kakao’s Blockchain Platform to Launch in June

    Ground X, the blockchain arm of South Korean internet giant Kakao Corp, has announced the launch date of its own blockchain platform, a Cointelegraph correspondent learned at Consensus 2019 on May 13.

    14 MAY 2019

    Four Leading US Drug Companies Join Blockchain Project to Manage Chargebacks

    Four Leading US Drug Companies Join Blockchain Project to Manage Chargebacks

    Pfizer Inc. and other leading American pharmaceutical companies have joined a project to build a blockchain network for the health and pharmaceutical industry, according to a press release on May 2.

    6 MAY 2019

    South Korea’s Largest Car Supplier Hyundai to Use DLT in Smartphone-EV Pairing Tool

    South Korea’s Largest Car Supplier Hyundai to Use DLT in Smartphone-EV Pairing Tool

    South Korea’s largest car manufacturer, Hyundai Motor Group, will use blockchain in its new tech for pairing electric vehicles (EVs) with smartphones. Sustainable mobility-focused news agency Green Car Congress reported on the development on April 22.

    23 APRIL 2019

    Microsoft Korea: Country Faces Growing Threat From Stealth Crypto Mining Attacks

    Microsoft Korea: Country Faces Growing Threat From Stealth Crypto Mining Attacks

    Microsoft Korea has claimed the country is facing an increase in cryptojacking incidents, according to a report from local English-language daily The Korea Times, published on April 22.

    22 APRIL 2019

    South Korean Police Confiscate Server Allegedly Linked to Bithumb Hack

    South Korean Police Confiscate Server Allegedly Linked to Bithumb Hack

    Last month, the South Korean exchange Bithumb lost about $13 million worth of cryptocurrency to hackers. While it initially appeared unlikely that the funds would ever be recovered, a recent police raid conducted in South Korea is giving hope that some of the money may be returned.

    17 APRIL 2019

    South Korean Internet Agency Expands Support For 2019 Blockchain Pilot Projects

    South Korean Internet Agency Expands Support For 2019 Blockchain Pilot Projects

    The Korea Internet and Security Agency (KISA) has announced that it will be expanding the scale of support for blockchain public pilot projects.

    9 APRIL 2019

    South Korean Officials Consider Revision of Existing Crypto Regulations

    South Korean Officials Consider Revision of Existing Crypto Regulations

    South Korean officials are considering a revision of existing regulatory frameworks regarding digital currencies, local media outlet ZDNet Korea reported on April 4.

    5 APRIL 2019

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