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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.