South Korea


Markets

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

Markets

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

Markets

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

Markets

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

Markets

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

Markets

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

Markets

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

Markets

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

Markets

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

Markets

South Korea Will Maintain ICO Ban After Finding Token Projects Broke Rules

South Korea has decided not to lift its ban on domestic initial coin offerings after a watchdog's survey found projects have been violating rules.

South korea FSC chairman