South Korea Financial News

22.04 / 00:11

School Evacuations 'There were no green corridors': Ukraine says Mariupol evacuations halted by Russian shelling

No residents could be evacuated from the encircled city of Mariupol on Thursday due to continuing Russian shelling of agreed-to humanitarian corridors, Ukrainian deputy PM Iryna Vereshchuk said in a Telegram post on Thursday evening.

20.04 / 04:51

cryptocurrency Adoption Career More Big-hitting South Korean Non-crypto Firms Eyeing Token Launches

Yet more big-hitting South Korean companies from outside the crypto sector are beginning to branch out into crypto-related business – with the e-commerce giant TMon and the KOSDAQ-listed hotel chain Ananti making moves on the token issuance front.

18.04 / 08:31

NFT Health Activision Nifty News: Hyundai partners with Meta Kongz, Activision surveys on NFTs, and more

South Korean automobile manufacturer Hyundai announced today, April 18th, that it has partnered with the Meta Kongz NFT project to create a limited collection of 30 NFTs launching sometime in May 2022.

18.04 / 04:47

Binance European Union Binance promotes Chagri Poyraz to global head of Sanctions

Binance, the global blockchain ecosystem behind the world’s largest cryptocurrency exchange, said it has promoted Chagri Poyraz to Global Head of Sanctions. At present, Poyraz, who joined Binance in January 2022, is Director of Sanctions Compliance. In his current position, Poyraz is responsible for ensuring all Binance meets and maintains full sanctions compliance globally and building sanctions control frameworks similar to traditional banks, Binance said in a press release.

15.04 / 10:51

Blockchain coinbase Lightning Network Bitcoin bitcoin lightning Binance and Coinbase silent on Bitcoin Lightning: Community tries to understand why

The Bitcoin Lightning Network integration started to take off among the cryptocurrency exchanges worldwide. However, some of the world’s largest crypto trading platforms seemingly are not in the hurry to integrate the protocol.

15.04 / 03:47

Adoption NFT Non-fungible tokens Asia Asian Biz Giants SK, Bandai, Line Bolster Metaverse, NFT Operations

Some of East Asia’s biggest tech companies are delving ever deeper into the world of crypto, with Japanese and South Korean mega-companies eyeing metaverse, non-fungible token (NFT), Web3, and blockchain business expansion.

13.04 / 02:21

cryptocurrency regulation ‘Let’s Create a Crypto Ministry,’ Industry Urges South Korean President-Elect

A summit of South Korean lawmakers, industry chiefs, and leading academics has called for the country’s President-Elect Yoon Suk-yeol to create a minister – or a ministry-level agency – for the crypto sector.

12.04 / 13:29

Blockchain UPS cryptocurrency CryptoExplainer banking system The Metaverse Could Forever Change The Banking System

The metaverse could forever change the banking system

09.04 / 03:19

Adoption banking South Korean Bank Shinhan Launches Nation’s First Corporate Crypto-Fiat Account

The South Korean commercial banking giant Shinhan has become the first bank in the nation to offer crypto account services to a corporate client.

06.04 / 09:11

business exchanges Webtoon platform Kakao Piccoma buys 50% of Japan's Sakura Exchange

Kakao Piccoma, a Japanese digital comics' subscription service and subsidiary of the Korean internet company Kakao, has purchased a 50% controlling stake in the Japanese cryptocurrency exchange, Sakura Exchange Bitcoin (SEBC).

05.04 / 13:31

Adoption NFT Starbucks Non-fungible tokens Coffee Giant Starbucks Aims to Enter NFT Business

Starbucks, an American multinational chain of coffeehouses, aims to enter the non-fungible token (NFT) business by the end of the year.

05.04 / 10:49

Entertainment exchanges Deal South Korean Tech Giant Kakao Takes Over Japanese Crypto Exchange in M&A Deal

A Japan-based branch of the South Korean internet and tech giant Kakao has snapped up a controlling stake in a Japanese crypto exchange – which could see it seek to integrate its web-based cartoon output with its crypto services.

05.04 / 03:39

Blockchain Adoption identity Two Major Banks Roll out Blockchain-powered ID Solution for Military Servicepeople

Two of South Korea’s largest banks are set to launch a blockchain-powered digital certificate platform for military personnel – which will allow soldiers to use smartphone-based ID solutions to open savings accounts without having to set foot in a brick-and-mortar bank branch.

03.04 / 18:03

Blockchain cryptocurrency Hacking Bitcoin From Ronin to Mt.Gox: These are crypto's biggest hacks and heists since Bitcoin was created in 2008

Hackers stole cryptocurrency worth almost $615 million (€557 million) from a blockchain project linked to the popular online game Axie Infinity it was announced this week, the latest in a series of high-profile cyberheists to hit the digital asset sector in recent years.

01.04 / 03:31

cryptocurrency Adoption banking Financial Financial Heavyweight Woori to Launch B2B Crypto Wallet Management Platform

South Korea’s Woori Fund Service – a part of the financial business group that also comprises the commercial bank heavyweight Woori Bank – will team up with the domestic crypto exchange GDAC to unveil a business-to-business (B2B) crypto wallet management solution.

31.03 / 20:31

Hollywood NATO Threat Russian gas threat: Will Putin cut Europe off if payments aren't made in roubles?

Vladimir Putin has said buyers of Russian gas from "unfriendly" countries will have to pay in roubles from accounts in Russia from Friday, or face the "consequences".

31.03 / 17:01

Adoption NFT Non-fungible tokens Samsung Nifty Gateway to Develop 'Smart TV NFT Platform' with Samsung

NFT marketplace Nifty Gateway said that together with the electronics giant Samsung it will develop a "first-ever smart TV NFT platform" that can be used to purchase and trade digital art and collectibles.

31.03 / 03:11

Adoption NFT Non-fungible tokens Meet the Steel Company that Wants to Become an NFT Brokerage

A publicly listed South Korean steel company has reiterated its intention to reposition itself as a crypto brokerage and NFT issuer.

30.03 / 07:53

Adoption regulation Samsung analysts Samsung and LG Could Follow SK in Issuing a Cryptoasset - Analysts

South Korean mega-conglomerates – so-called chaebol business groups such as Samsung and LG – could be eyeing cryptoasset issuances, analysts have opined.

29.03 / 02:47

NFT Society Why NFT adoption is so high in South Korea

South Korea’s reputation as a trend-setter and leader in technological research is quickly spilling into the blockchain realm as nonfungible token (NFT) adoption has skyrocketed in the small East Asian country.

26.03 / 16:21

Adoption regulation privacy Exchange FATF Travel Rule Now Law in Sout Korea – But Crypto Exchanges Are Still Struggling with it

The Financial Action Task Force (FATF)’s Travel Rule is now compulsory in South Korea – but critics have decried the nation’s lack of preparedness for the measure.

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