Tag: FinTech
Shinhan Bank Issues Corporate Won Accounts for Virtual Asset Transactions
Shinhan Bank issued corporate won accounts for virtual asset transactions to cryptocurrency exchange Korbit on April 7, the first case since the implementation of...
Kakao’s Japanese webtoon subsidiary acquires cryptocurrency exchange
Kakao Piccoma, the Japanese webtoon subsidiary of South Korea's web service giant Kakao, has acquired a cryptocurrency exchange company in a bid to accelerate...
South Korean Banks Looking For Affirmation On Cryptocurrencies
The Korea Federation of Banks (KFB) might request South Korea’s incoming Presidential administration to support local banks servicing cryptocurrencies, highlights a leaked draft report....
Korean conglomerates delve into digital asset market
On Friday, Ryu Young-sang, chief executive of SK Telecom, said in a shareholders meeting that the company plans to “adopt an economic system” to...
Daehong invests in Metaverse platform company Awesomepia
Lotte affiliate Daehong announced on the 25th that it had made a strategic investment in Awesomepia, a company specializing in metaverse platforms.
Daehong explained that...
Incutek launches GGAEBI investment club
On the 26th, 'incutek', a unicorn platform for technology startups and investors, announced that it had launched the GGAEBI Investment Club. It has about...
South Korea to put crypto taxation move on hold
Cryptocurrency tax break extension being considered by South Korea
South Korean news outlet, Hankook Ilbo, reported that the Presidential Transition Committee of Seok-Yoel is pushing...
Aster Project (ATC) Hot Debut in MEXC
Aster Project (ATC) (CEO Kang Bong-Jun), which is recently expanding the token economy ecosystem in Metaverse, was recently listed on MEXC, the hottest cryptocurrency...
Travel Rule Response Status by Korean Crypto Exchanges
In Korea, travel rules will be enforced from March 25th. Each domestic exchange plans to expand the exchanges that allow withdrawals in accordance with...
President-elect Yoon Pledges to Raise Crypto Tax Threshold to 50M Won
The South Korean election is over, and early signs point to a crypto-friendly approach by President-elect Yoon Seok-yeol. Yoon has on various occasions promoted...
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Ruling and Opposition Parties Agree on Two-Year Delay for Virtual Asset...
The ruling and opposition parties in South Korea have agreed to postpone the taxation on virtual asset income by two years. With the Democratic...
