Korea

Shinhan Bank Unveils a Blockchain System for Loan Approval
May 29, 2019 at 12:43
News
Shinhan Bank Unveils a Blockchain System for Loan Approval
The oldest and second biggest banking institution, Shinhan Bank, headquartered in Seoul, South Korea, has adopted blockchain authentication technology for non-face-to-face loans in order to accelerate the loan approval process. The institution, owned by Shinhan Financial Group, announced that it has launched an effective system which validates the documents needed for non-facing loan business in the country by applying blockchain and distributed ledger technology.
North Korea Plans on Using Bitcoin to Bypass Sanctions
Apr 18, 2019 at 08:21
News
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.
South Korea Plans to Revise ICO Ban and Crypto Regulations
Apr 09, 2019 at 16:21
News
South Korea Plans to Revise ICO Ban and Crypto Regulations
Government officials and legislators in South Korea are now revising their crypto regulation and the ICO ban, as reported by ZDNet Korea.
Samsung Galaxy S10 Crypto Wallet Functionality Only Works in Canada, U.S & Korea
Mar 30, 2019 at 12:22
News
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.
Galaxy S10 Offers Cryptocurrency Private Key Storage
Feb 23, 2019 at 09:37
News
Galaxy S10 Offers Cryptocurrency Private Key Storage
Its now confirmed that the Galaxy S10 supports crypto. With its headquarters based in South Korea, Samsung, an electronic conglomerate, has officially entered the blockchain and cryptocurrency industry after announcing a variety of new electronic products ranging from foldable phones to new wearables.
South Korea has Reviewed its Policy Towards Cryptocurrencies and ICOs
Feb 07, 2019 at 12:14
News
South Korea has Reviewed its Policy Towards Cryptocurrencies and ICOs
The national authorities have developed a new vision regarding initial coin offerings (ICOs). The investigation process into Korean crowdfunding platforms took nearly 3 months to form a thorough understanding of the fintech market in the country. As a result, it turned out that many companies have bypassed the ICO ban by moving business overseas.
Drug Dealers: Nine Criminals Are Behind Bars for Dealing in Narcotics Using Crypto
Dec 27, 2018 at 08:48
News
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.
South Korea: Shinhan Bank to Employ Blockchain to Eradicate Human Error
Dec 11, 2018 at 15:37
News
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.
Korea Plans to Develop and Implement Voting System on Blockchain Tech
Nov 30, 2018 at 12:15
News
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.
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