FSC announces plan to overhaul digital finance regulations
The Financial Services Commission (FSC) on July 26 announced a major overhaul of digital finance regulations in Korea, which have changed little since 2006.
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All eyes on $67.1 million Bithumb tax dispute
Market participants and industry watchers are paying attention to whether the Tax Tribunal will find for Bithumb in a suit it filed to nullify...
Pack Your Bitcoin: Busy South Korean Beach Says ‘Yes’ to Crypto
Holidaymakers at Haeundae, South Korea’s busiest and most popular beach, will be able to pay for services such as sun umbrella and inflatable tube...
Traditional financial players complain of reverse discrimination in fintech exemptions
Traditional financial and rising platform-based players clash over a new state initiative to promote fintech, with the former complaining of reverse discrimination as they...
South Korea to levy capital gains tax on stocks from 2023
The government said Wednesday that it will impose capital gains tax on wealthy stock investors starting 2023 as planned, with the minimum deductible amount...
Blockchain included in South Korea’s “New Deal” stimulus
The government of South Korea has announced plans for a multi-trillion won “new deal” stimulus package which will target digital technologies such as AI,...
Government subsidies via blockchain launched in Korea
The new blockchain-based support fund operation platform aims to convert support fund services provided by the provincial government and area municipal governments from offline...
South Korea crypto exchanges gradually losing foreign clienteles due to regulatory uncertainty
Major cryptocurrency exchanges in South Korea have been negatively affected by the industry’s lack of regulatory certainty. As a result, many have lost international...
Corporations in Korea moving to the Blockchain in 2020
Corporations in Korea moving to the Blockchain in 2020
Do the corporations in Korea know something we don’t? Many corporations in Korea are looking into...
Part2) The Support of Blockchain Technology by the Korean government
Korean Government Agencies Supporting Blockchain Technology
• Ministry of Science and Technology (ICT) – Will invest over $380 million over 6 years (2021-2026) into Blockchain...
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South Korea To Use Blockchain To Collect Highway Tolls
KEB Hana Bank, one of the largest banks in the country, is going to work with the Korea Expressway Corporation on blockchain-based services. With...
