Seoul

On June 12, 2020, the Seoul Metropolitan Police announced investigating a cryptocurrency scam project run by three fraudsters having collected about 100 billion won (approx. $83.1 million USD).

The City of Seoul, South Korea has instituted a "Youth Allowance" for unemployed young people and all those youths that were affected by the COVID-19 pandemic, and the process has been simplified through a blockchain-based system.

The South Korean multinational conglomerate based in the capital Seoul, Samsung, will invest in sixth-generation (6G) networks on top of other semiconductors, and this could play a role in changing the face of blockchain technology, according to the company’s Vice Chairman Jay Y. Lee.

Park Won-soon, mayor of Seoul, revealed plans to use futuristic technologies including blockchain, cryptocurrency, artificial intelligence (AI), distributed ledger technology (DLT), local news outlet Queen.co.kr reported.

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.

Park Won-soon, a mayor of Seoul, has brought a 5-year plan for creating and progressing blockchain technology sector in the city, according to the Thursday, October 4 report from local news outlet Yonhap News.

SEOUL, South Korea, March 14, 2018 / Mossland is a new location-based augmented reality mobile game with a focus on real estate powered by blockchain. By playing the game users can navigate through cities, check-in in different locations and become virtual owners of various landmarks. The game uses Ethereum-based cryptocurrency Moss Coin to facilitate all sales and purchases of in-game properties.

A civil servant who had been keeping control on cryptocurrency and taking steps against its speculation joined the majority on Sunday, February 18, a government spokesman reported. The unfortunate man is thought to have experienced a heart attack in his sleep.