City Busan Financial News
19.07 / 02:05
Action
US soldier detained in North Korea after crossing the border: Report
airport, he was left alone to fly to Fort Bliss, Texas, to receive the separation notice. North Korea fired two short-range ballistic missiles into the East Sea a day after the inaugural session of the US-South Korea security dialogue, according to Seoul's military as reported by Yonhap news agency. The Joint Chiefs of Staff (JCS) of South Korea stated that the missiles were launched from the Sunan area in Pyongyang and traveled around 550 kilometers before landing in the sea. The JCS strongly denounced these launches as "acts of significant provocation" that not only threaten peace on the Korean Peninsula but also the international community.
19.07 / 02:01
UPS
Cooper
Stealth
North Korea fires two ballistic missiles into sea
North Korea has fired two short-range ballistic missiles into the sea, Yonhap news agency reported Wednesday, hours after an American nuclear-armed submarine made its first South Korean port call in decades. The launch was reported by South Korea's Joint Chiefs of Staff (JCS), according to Yonhap, who said they were fired early Wednesday from the Sunan area in Pyongyang, and flew some 550 kilometres (340 miles) before splashing into the East Sea, also known as the Sea of Japan. The JCS condemned the launches as «acts of significant provocation» and a clear violation of UN Security Council resolutions.
04.07 / 07:17
FIVE
Booking
Features
2023 Kia Seltos launched in India with ADAS 2.0, 32 safety features and more. Bookings start July 14
SUV’s new facelift variant was first showcased at Busan Auto Show in South Korea last year. 2023 Kia Seltos is made-in-India.
06.02 / 11:11
regulation
security
guidance
South Korean regulator provides guidance on security tokens
South Korea established guidance that specifies which types of digital assets will be considered and regulated as securities in the country.
16.01 / 20:51
business
Government
Metaverse
Seoul government opens city's metaverse project to public
The Seoul Metropolitan Government has launched its Metaverse Seoul project, allowing residents of the South Korean capital city to access city services in a virtual environment.
09.01 / 22:49
business
Huobi Korea seeks to split from parent company, change its name: Report
Local media reported Jan. 9 that cryptocurrency exchange Huobi Korea is preparing to purchase its shares from Huobi Global and change its name. About 72% of shares in Huobi Korea are owned by Huobi Global cofounder Leon Li. Huobi Korean chairman Cho Kook-bong would take over Li’s share in the Korean company. Cho is also the owner of a major crypto mining operation in the country, according to local outlet News1.
23.11 / 12:07
business
Adoption
partnership
FTX collapse triggers second thoughts on Busan City's crypto exchange plans
The FTX crash appears to have affected not only companies and investors but also entire cities that previously became partners of the troubled cryptocurrency exchange.
14.11 / 17:35
UPS
Citi
Fraud
South Korean Stablecoin Fraudster Aged-60+ Jailed for Six Years
Crypto fraud continues to escalate in South Korea – where a scammer aged over 60 has been given a six-year jail term for duping victims into investing in a sham stablecoin.
26.10 / 18:35
Africa
BitOasis
Crypto News Summary: BitOasis Partners With Mastercard, Gate.io Signs MoU With Busan, Seba Launches Custody Platform for NFT Storage
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
26.10 / 17:55
Blockchain
Citi
Crypto Exchange
Deal
Crypto.com, Gate.io Ink Deal to Help S Korean City Build ‘Digital Asets’ Exchange
The South Korean city of Busan is inching closer to the launch of what could become the world’s first city-run crypto exchange – and has signed collaboration deals with the centralized exchange (CEX) giants Crypto.com and Gate.io.
14.09 / 21:13
Blockchain
Citi
Digital
Huobi
Busan adds Huobi to list of digital exchange development partners
The South Korean city of Busan has added Huobi Global to its list of crypto exchanges that will help develop the city’s first Digital Currency Exchange.
14.09 / 12:31
Blockchain
Citi
CEO
Huobi
Busan signs MoU with Huobi, gets more help for local crypto exchange
South Korea’s ‘blockchain’ city of Busan continues to establish agreements with cryptocurrency industry heavyweights as Huobi Global enters the development ecosystem.
13.09 / 13:43
Lowe's
Bitcoin
2020
Number of South Korean 20- and 30-something Crypto Buyers Has ‘Nearly Tripled’ Since 2020
More young South Koreans than ever are buying crypto, with the number of 20- and 30-somethings taking the plunge trebling since 2020. But this rise in bullish buying behavior has come at a price – with a sharp rise in youth bankruptcy claims reported over the same period.
05.09 / 12:17
31.08 / 14:41
Blockchain
UPS
Platform
Future
week
Korea Blockchain Week 2022 Wraps Up With Immense Optimism for the Future of Crypto
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
31.08 / 12:32
Blockchain
Adoption
education
Busan City announces FTX partnership to build local exchange
South Korea’s second-largest city Busan has announced a partnership with crypto trading platform FTX to build a local crypto exchange and foster blockchain development.
26.08 / 11:41
09.08 / 12:52
business
event
Blockchain
Adoption
Sky Mavis
week
Korea Blockchain Week, Aug. 9: Second-day takeaways from the Cointelegraph team
Korea Blockchain Week (KBW) 2022 wrapped up its two-day mainstage events this evening, which again saw a number of influential speakers take to the podium including Janine Yorio of Everyrealm, Yat Siu of Animoca Brands and Sky Mavis’ Jeffrey Zirlin.
31.05 / 20:25
Legal
Terra
Mystery South Korean Company that ‘Worked on Terra Network’ Faces Media Scrutiny
South Korean media outlets say they have unearthed evidence that a blockchain firm based in Seoul has a close relationship with Terraform Labs – and may have been developing for the Terra network under the radar. But the plot may already have thickened – with allegations that the National Tax Service (NTS) found evidence of a “suspicious flow of transactions” between the firm and Terraform Labs when it investigated the firms last year.
20.05 / 14:13
business
Stablecoin
Altcoin
Terra Luna
Terra
Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash
The dramatic story of the Terra (LUNA) crash — referred to by some as the Lehman Brothers of crypto — has taken yet another remarkable turn as legal documents reveal the liquidation of two South Korean offices and the dissolution of the Terraform Labs Korea corporation in the days preceding the dual currency collapse.
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