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South Korea
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.

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.

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.

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.

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.

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 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.

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.

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.

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.
