South Korea Financial News

14.01 / 19:09

Blockchain Adoption Funding ICON commits $200M to interoperability incentive fund

The ICON Foundation announced plans to launch an interoperability incentive program for 200 million ICX, or approximately $200 million at the time of publication. The foundation supports the development of the ICON network, South Korea’s largest public aggregator chain. The foundation said that it hopes this program will incentivize the ICON community and its partner networks to adopt ICON’s blockchain transfer protocol, or BTP.

14.01 / 16:21

Hackers Cyberattack North Korean Hackers Stole Around $400-Million Cryptocurrency Through Cyberattacks In 2021: Report

North Korean hackers stole around $400 million worth of crypto through cyberattacks

14.01 / 14:09

Fighting South Korea Raises Interest Rates Back to Pre-Pandemic Level

South Korea raised interest rates to their pre-pandemic level to fight inflation and signaled that more increases could be coming later in the year.

14.01 / 04:15

Crime Exchange Legal Prosecutors Want to Put ‘Bogus’ Crypto Exchange Chiefs Behind Bars for Life in Legal First

The seven alleged ringleaders behind VGlobal, a suspected high-profile South Korean scam crypto exchange that allegedly sucked in some 52,419 investors in South Korea to the tune of USD 2bn, could be handed life sentences, marking a new legal first for fraudsters operating in the sector.

13.01 / 18:07

Adoption Altcoin Cointelegraph Consulting Terra Cointelegraph Consulting: A look at Terra’s ecosystem

Terra’s native staking token, LUNA, was one of the best-performing cryptocurrencies of 2021, with gains north of 13,000%. Terra has also surpassed Binance Smart Chain (BSC) in total locked value with $17.62 billion, making it the second-biggest DeFi chain just after Ethereum.

12.01 / 06:05

Blockchain NFT Metaverse Animal Concerts partners with Korea’s Klaytn: K-pop in the Metaverse?

Metaverse concert organizer Animal Concerts has partnered with South Korean unicorn Kakao’s Klaytn network to increase its exposure to the Korean entertainment industry and facilitate Klaytn’s global expansion plans.

12.01 / 03:05

NFT Gaming boost Political Boost May Be on the Horizon for South Korean Metaverse, P2E, NFT Champions

South Korean metaverse and crypto gaming projects could get a massive boost in the weeks ahead – if the results of the next general election go their way, and provided politicians make good on their promises.

10.01 / 13:47

Blockchain UPS Platform Intuit The Blockchain-based Webtoon Platform “TooNFT” Launches On Toomics’ Ecosystem

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

08.01 / 04:09

cryptocurrency Adoption banking Major South Korean Securities Firms, Investors Warming to Crypto

South Korean investors are “finding it hard to resist the allure of crypto,” while a number of leading domestic securities firms have suddenly started producing reports on the sector – indicating that fund managers may be casting an eye on the markets.

07.01 / 14:39

business Blockchain Adoption Samsung Samsung launches metaverse store in Decentraland

Samsung is the latest megacorporation to announce a metaventure project, opting for Decentraland for its metaverse project.

07.01 / 03:17

cryptocurrency Trading banking services Upbit Crypto Exchange Traders to Face Fiat Services Disruptions over Lunar New Year Period

Customers of South Korea’s market-leading crypto exchange Upbit will be affected by a possible three-day outage over the Lunar New Year period as its banking partner K-Bank relocates its operations to a new headquarters.

04.01 / 04:09

Crime Exchange scam ‘Scam’ Crypto Exchange Victims Demand Execs Face ‘Maximum’ Punishment

Victims of the alleged V Global crypto exchange scam have demanded “maximum sentences” for executives of the trading platform ahead of their trials.

03.01 / 18:09

Adoption South Korean presidential candidate to use NFTs to raise funds for campaign

Democratic Party (DP) presidential candidate Lee Jae-myung prepares to use nonfungible tokens to raise funds for his campaign.

03.01 / 13:25

Technology Adoption Samsung Samsung announces NFT platform for smart TVs

South Korean tech giant Samsung revealed a new smart TV lineup with an integrated NFT platform. Samsung’s 2022 smart TVs such as Micro LED, Neo QLED and The Frame will have an NFT Platform app that can be used “for discovering, purchasing and trading digital artwork,” according to the announcement on Monday.

03.01 / 13:03

Adoption NFT Non-fungible tokens Samsung Samsung Reveals TVs That Will Let Owners Trade NFTs

The South Korean electronics giant Samsung has announced that its Consumer Electronics Show (CES) offerings for 2022 will include a range of TVs fitted with an app that lets users browse, buy and sell non-fungible tokens (NFTs).

31.12 / 03:29

Ethereum Adoption Bitcoin lawmaker Political Donations S Korean Lawmaker to Launch Bitcoin, ETH Political Donations Platform – with NFT Receipts

A South Korean MP has unveiled plans to create a political donations platform for cryptoassets such as bitcoin (BTC) and ethereum (ETH) – with receipts issued in the form of non-fungible tokens (NFTs).

30.12 / 11:19

regulation FATF AML South Korean crypto exchanges to follow Coinone in verifying private wallets

Major South Korean crypto exchanges including Upbit, Bithumb and Korbit will follow Coinone's lead in banning transfers to non-verified wallets, industry analysts say.

30.12 / 02:03

cryptocurrency regulation Tax South Korea to Tax Crypto Gifts, Inheritances, Plans Crackdown on Manipulators

The South Korean tax body has announced plans to start taxing crypto gifts and inherited tokens – although taxes will need to be paid in fiat using complicated-sounding methods. And Seoul has also announced that it will intensify its crackdown on crypto market manipulation.

29.12 / 21:45

business AML Withdrawals Coinone will stop withdrawals to unverified external wallets

South Korean crypto exchange Coinone has announced it plans to no longer allow withdrawals of tokens to unverified external wallets starting in January.

29.12 / 19:45

regulation Trading Exchange Warning Coinone Sends KYC Warning to Users of Centralized Crypto Exchanges

One of South Korea’s biggest crypto exchanges – Coinone – has told its customers that they will no longer be able to make withdrawals to “unregistered” wallet addresses as of next month. Observers both in South Korea and overseas say that similar measures may become commonplace for major trading platforms in the year ahead.

29.12 / 17:07

NFT regulation Gaming South Korean Gaming Regulator to Force Crypto Games off Google, Apple App Marketplaces

South Korea’s gaming regulator has extended the scope of its crypto and blockchain gaming freeze-out by warning developers they must remove play-to-earn titles from the Google Play and the Apple App Store.

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