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Strong outlook for the crypto market in South Korea

The most surprising detail from the report shows how traders on Korean exchanges heavily favor trading alts over Bitcoin or even DeFi coins. Only...

Korea Cryptocurrency Exchange Excited

Bithumb Korea, which operates Bithumb Korea, posted 149.3 billion won in sales and 83.8 billion won in net profit by the third quarter of...

Huobi Plans Takeover of Major Japanese and South Korean Crypto Exchanges

Huobi Eyes bitFlyer and Bithumb Acquisition According to an exclusive report by Chinese crypto news source @WuBlockchain, Huobi is set to purchase major Asian crypto...

South Korean payment firm Danal announces to accept cryptocurrency.

South Korean fintech payment firm Danal announced to accept cryptocurrencies. Danal claims to be the first major payment service in South Korea to accept...

Survival of Cryptocurrency Exchanges Hinges on Banks

The Financial Services Commission announced on Nov. 2 an amendment to the enforcement decree of the Act on Reporting and Use of Certain Financial...

South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change

According to a press release from the financial watchdog on Wednesday, a proposed update to the Act on Reporting and Using Specified Financial Transaction...

‘Dozens’ of Arrests as South Korean Police Swoop on Bogus Ethereum Fund

South Korean police have closed the net on an alleged ethereum (ETH) scam operation named EtherWallet, making “dozens” of arrests nationwide in suspected USD...

China’s UnionPay and Korea’s Danal to launch crypto-supporting digital card

Major financial services corporation China UnionPay, an analog to card providers like Visa and Mastercard, has partnered with the South Korean payment provider Danal...

This cutting-edge South Korean hospital group will use blockchain, AI, big data …

South Korean hospitals are entering a new era in healthcare and could use blockchain technology to improve the quality of their medical care. The Yonsei...

Busan City launches blockchain-based voucher service

On 29 October 2020, South Korea’s Busan Bank (BNK) unveiled a blockchain-based digital wallet to support digital voucher services. The types of vouchers provided...

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