South Korea


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South Korea's Military Acquisitions Agency Plans Blockchain Pilot

The South Korean military acquisitions agency hopes a blockchain system can boost security and efficiency in defense business operations.

South Korean soldiers

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Korean Crypto Scam Fleeced Investors for Over $18.5 Million

Police have reportedly used AI to spot a cryptocurrency Ponzi scheme in South Korea that cheated investors out of $18.5 million.

Korean police car

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Crypto Exchange Bithumb Hacked for $13 Million in Suspected Insider Job

South Korean crypto exchange Bithumb has had over $13 million in EOS stolen in a hack, but says customer funds are safe.

Bithumb app

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Korean Actor Invests in Blockchain Seafood Trade Startup

South Korean actor and businessman Bae Yong-joon has invested an undisclosed sum in blockchain-based seafood trade startup Seamon.

Korea fish

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Kakao’s Blockchain Arm Raises $90 Million in Private Token Sale

Ground X, the blockchain subsidiary of South Korea's Kakao, has raised $90 million in a private coin offering, Bloomberg says.

Jason Han, Ground X

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Developer of Blockchain Project ICON Denies IPO Plan Reports

South Korea-based ICONLOOP, the firm behind blockchain project ICON, has denied reports it's moving to go public.

South Korea

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South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement

South Korean cryptocurrency exchange Coinbin has declared bankruptcy, in part due to claimed embezzlement by a former exec.

Seoul

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South Korean Capital's $1 Billion Startup Fund Will Include Blockchain Firms

The Seoul Metropolitan Government has committed over $1 billion to invest in innovative startups by 2022, including blockchain firms.

Seoul skyline

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Crypto Exchange Bithumb Launches OTC Trading Desk for Digital Assets

Crypto exchange Bithumb has launched a global OTC trading desk for digital assets based in Hong Kong.

Hong Kong

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Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk

A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.

Bank of Korea