Province Jeolla Financial News

South Korean law enforcers continue to crack down on illegal kimchi premium traders – and have arrested 25 suspected traders who they think ran an illegal international bitcoin (BTC) trading ring.

South Korea has officially become a ‘super-aged society’ with 20% of its population aged 65 or older in accordance to a data released by the Ministry of the Interior and Safety, reported Newsweek.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

A fire at a South Korean crypto mining center destroyed “about 110” mining rigs, firefighters confirmed on June 24.

South Korean coast guards – and rough sea weather – appear to have thwarted a high-profile suspected crypto price fixer’s daring effort to flee the country for China.

World Scout Jamboree in Buan, South Korea has been marred by the scorching heat, with hundreds of participants suffering from heat exhaustion. On the first night of the event, about 400 cases were reported, and many were treated at a makeshift hospital at the campsite. The temperatures in North Jeolla province, where the jamboree is taking place, have soared to 35°C (95°F) amid a heatwave warning. Scouts from countries like the US, Bangladesh, and the UK have been affected, with the UK contingent being the largest with around 4,500 participants out of the total 43,000 in attendance. The UK Foreign Office stated that they are closely monitoring the situation and have consular officials on-site to support the attendees. They are in regular contact with Scouts UK and the relevant Korean authorities to ensure the safety of British nationals. A fire service official revealed that most of the scouts who required medical attention had mild symptoms like headaches, dizziness, and nausea, and they have mostly returned to their campsites.

A South Korean university says that it has become the latest institution in the country to introduce blockchain-powered mobile phone-based student IDs.

A South Korean local government official in charge of managing public funds for grassroots sports has admitted to embezzling over USD 367,000 worth of tax payers’ money – which she says she and her husband spent on crypto investments and internet gambling.

Police in South Korea investigating the deaths of a 10-year-old child named Cho Yu-na and both of her parents have announced that the family had made numerous bitcoin (BTC) investments, but denied there was any evidence of luna classic (LUNAC) investments.

The South Korean police have arrested three people it claims orchestrated a major crypto fraud ring that told investors they could take advantage of the so-called “kimchi premium.”