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South Korea

South Korea’s Coinbit seized over market manipulation claims
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28 August, 2020

South Korea’s Coinbit seized over market manipulation claims

An analysis of transactions reportedly showed that Coinbit allegedly manipulated up to 99% of its total transaction volume.
Upbit becomes first exchange to gain 4 licenses in Thailand
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18 August, 2020

Upbit becomes first exchange to gain 4 licenses in Thailand

The licenses will allow Upbit Thailand to offer services in four categories: digital token exchange, digital token broker, digital currency...
South Korean city to issue blockchain-based digital gift certificates
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14 August, 2020

South Korean city to issue blockchain-based digital gift certificates

Seongnam city will issue gift certificates to its residents via the Chak mobile app, and residents will be able to...
South Korea’s largest bank to store and manage digital assets
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13 August, 2020

South Korea’s largest bank to store and manage digital assets

Kookmin Bank’s move into digital currency custody comes at a time when regulators have progressively taken a positive approach towards...
South Korea police want to know: Who leaked digital currency tax bill?
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28 July, 2020

South Korea police want to know: Who leaked digital currency tax bill?

Authorities are looking into the source of a leak that exposed South Korea government’s digital currency taxation plan.
Korean central bank launches blockchain and AI department
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26 July, 2020

Korean central bank launches blockchain and AI department

Bank of Korea is seeking to step up its digitalization efforts with the launch of a new department that will...
South Korea proposal for 20% digital currency gains tax gains traction
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25 July, 2020

South Korea proposal for 20% digital currency gains tax gains traction

The proposal will be voted on September 3, 2020, and is expected to take effect on October 1, 2021—if passed.
South Korea to invest $48B in blockchain, AI, 5G
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16 July, 2020

South Korea to invest $48B in blockchain, AI, 5G

South Korea wants to digitize its infrastructure as part of the ‘Korea New Deal’. The gov’t intends to spend over...
South Korea edges closer to 20% digital currency gains tax
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15 July, 2020

South Korea edges closer to 20% digital currency gains tax

South Korean legislators are reportedly edging closer to imposing a 20% capital gains tax on digital currencies and change them...
South Korea to launch a blockchain-powered free trade zone
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9 July, 2020

South Korea to launch a blockchain-powered free trade zone

Andong city in South Korea has announced plans to launch a free trade zone for its recently-legalized cannabis industry which...
South Korea investigating a $16 million Futurenet digital currency scam
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2 July, 2020

South Korea investigating a $16 million Futurenet digital currency scam

Close to 1,000 investors in South Korea have lost $16 million to Futurenet, a digital currency scam with Polish links...
Blockchain to boost medical tourism in South Korea
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28 June, 2020

Blockchain to boost medical tourism in South Korea

A consortium has come together in South Korea to employ blockchain technology in boosting the country’s medical tourism.