Materials by tag Korea

Aug 09, 2019 at 13:24
North Korea Hackers Stole Over $2 Bln from Cryptoasset Exchanges to Facilitate Nuclear Programs
Recent UN reports shows that North Korea (DPRK) has managed to amass around $2 billion for its weapons of mass destruction (WMD) activities via cyberattacks that illegally accessed people’s bank accounts and digital currency exchanges.
Apr 18, 2019 at 09:21
North Korea Plans on Using Bitcoin to Bypass Sanctions
A recently published report by the Royal United Services Institute (RUSI) for Defense & Security Studies, shows how DPRK - Democratic People’s Republic of Korea (North Korea) wants to exploit Bitcoin and other major cryptocurrencies, especially in Southeast Asia, so as to bypass international economic sanctions.
Mar 30, 2019 at 13:22
Samsung Galaxy S10 Crypto Wallet Functionality Only Works in Canada, U.S & Korea
According to the latest release by Samsung Australia via Twitter, it is now clear Galaxy S10 blockchain and cryptocurrency smartphone will only be available for three countries: United States, South Korea and Canada.
Dec 27, 2018 at 09:48
Drug Dealers: Nine Criminals Are Behind Bars for Dealing in Narcotics Using Crypto
Authorities in South Korea arrested 9 drug dealers who sold narcotics through an obscured online platform using crypto, according to a report by Korea Herald. The office of Seoul Central District Prosecutor revealed on December 23, 2018, that the purported criminals used the darknet and even developed a website purposely to sell drugs.
Dec 11, 2018 at 16:37
South Korea: Shinhan Bank to Employ Blockchain to Eradicate Human Error
Shinhan Bank, the second biggest financial institution in South Korea, is in the middle of launching a blockchain technology-based system developed to lower the rate of human error. This initiative was reported on Monday, December 10, 2018, by The Korean Times.
Nov 30, 2018 at 13:15
Korea Plans to Develop and Implement Voting System on Blockchain Tech
The supreme authorities of Korea have started to bring into life a new fintech project, aimed at raising reliability and security of online voting facilities. Blockchain platform is promised to be completed next month, with several trials prior to the launch.
Sep 18, 2018 at 11:07
LG's Mobile Carrier to Launch Blockchain-Based Payments Service for Overseas Travelers
LG Uplus Corp, a South Korean cellular carrier owned by LG Corporation, Korea's fourth-biggest conglomerate and parent firm of LG Electronics, is trying to launch a cross-carrier Blockchain-based payments service for all overseas travellers.
Jun 20, 2018 at 16:42
Bank of Korea Disapproves of Issuing a Central Bank Digital Currency
The Bank of Korea (BoK) has shown a negative attitude towards creating a central bank digital currency (CBDC) due to the possible ‘moral hazard’ it could cause. The financial institution is also concerned about costs related to issuing a virtual coin.
Jan 31, 2018 at 19:00
Ins and NagaCoin Memeber Harold Kim Joins LOC Token team as Advisor
Mr. Kim originates from Korea and is also a member of Ins and NagaCoin projects. He played a key role during the exchanges listing processes for both of these projects and will be utilizing his established know-how and business network to help with the process of listing LOC on higher liquidity markets.