South Korea Earmarks $4.4 Billion for Blockchain and Select Innovative Sectors

The government of South Korea will reportedly invest 5 trillion won (about $4.4 billion) in the development of eight innovative sectors of the economy...
South Korea Cryptocurrency News smartereum

South Korea Excludes Crypto Exchanges from Venture Enterprise Category

South Korea’s Ministry of Small and medium-sized enterprises (SMEs) and Startups (MSS) will exclude cryptocurrency exchanges from the Venture Enterprise Classification. According to a press...

A Region in South Korea Seeks to Become An ICO Haven

The Jeju Island region of South Korea is reportedly seeking approval to establish a Free Zone for Initial Coin Offerings (ICO). According to the...

South Korea’s ICT Ministry to Train Youths on Blockchain, And Other...

The South Korea's Ministry of Science and ICT is launching a new program aimed at promoting young Korean people in the area of innovative...

Operator of UPbit Crypto Exchange Affirms its Solvency, Cites Audit Results

If there was any doubt about the legitimacy and liquidity of Korean cryptocurrency exchange, UPbit, it was put to rest on Saturday, August 4...
South Korean Cryptocurrency Exchange Bithumb

Bithumb Crypto Exchange Stop Issuing New Accounts as Bank Contract Renewal...

Bithumb, one of the biggest cryptocurrency exchanges in South Korea, has suspended the creation of new virtual accounts on its platform. This has been...
cryptocurrency scam

South Korean firm Under Investigations for $130 billion ‘treasure ship’ Gold...

Police officers in South Korea are investigating a possible fraudulent cryptocurrency deal involving a Seoul-based company, Shinil Group. The company allegedly claimed that it...

South Korea’s Financial Regulator to Create Department For Cryptocurrency and Blockchain...

South Korea's Financial Services Commission (FSC) has revealed it is setting up a department dedicated primarily to cryptocurrencies and blockchain. The new department dubbed...

South Korea To Formally Recognize Cryptocurrency Exchanges as Financial Institutions –...

The government of South Korea is taking steps to formalize the position of cryptocurrency exchanges as legitimate financial institutions in the country. Local news...

Cryptocurrency Market Update – Why Down?: Bitcoin (BTC) and Ethereum (ETH)...

The leading cryptocurrency in the market, Bitcoin and its second, Ethereum, have both started trading in red losing about 10% of recent gains. The...

Ethereum Price Prediction: ETH Could Hit $3000 in 2018 and Here’s...

Ethereum has gotten a lot of attention from investors these past few weeks thanks to the steady surge in price, but price analysis reveals...
23 out of 33 Cryptocurrency Exchanges in South Korea agree to Self-Regulation – Cryptocurrency News

23 out of 33 Cryptocurrency Exchanges in South Korea agree to...

The blockchain community in South Korea under the platform, The Korea Blockchain Association (KBA) is planning a self-regulatory framework for cryptocurrency exchanges in Korea....
crypto mining

Korean Police Arrest Bitcoin Miners Illegally Using Factory Power

In South Korea, 14 bitcoin miners have been busted for illegally making use of cheap electricity in industrial complexes to mine cryptocurrencies. The report...
huobi-korea

Huobi Korea Launches trading services In South Korea with trading in...

On the 30th of March, the subsidiary of a Beijing-based provider of cryptocurrency trading services, Huobi, announced its official launch in South Korea. Covering 208...
crypto-exchange-hacked

Youbit Re-emerges As Coinbin Following Hack And Insurance Scandal

Youbit reportedly reopens after suffering series of hacks and alleged bankruptcy filing. One of the biggest property-and-casualty insurers in South Korea, DB insurance, has denied...
crypto mining

Cryptocurrency mining News-South Koreans are investing in mining rigs significantly

South Koreans are already at the forefront when it came to investing in cryptocurrencies. Recently, however, South Koreans have also started investing in cryptocurrency...

Upbit users to be Paid in Cash Rewards for reporting illegal...

Upbit, the Kakao-backed crypto exchange has just launched a system that will reward users for reporting illegal multilevel cryptocurrency schemes. Upbit is among the many...
initial coin offering ico

Private sector in South Korea urging government to lift the ICO...

South Korea is one of the few countries which have banned ICOs altogether. Currently, it seems like the government of South Korea is trying...

South Korea May Ease The Ban On ICO

New reports show that South Korea may ease its ban on ICOs soon.   In September, the Financial Services Commission in South Korea, took action to...

Ripple news-Consortium of 61 banks to create a Ripple based mobile...

MoneyTap mobile app is being launched by 61 bank Japanese consortium. The banks will be using the Ripple protocol in order to instantaneously transfer...

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