South Korea

South Korea Health Services Expand Tracking of COVID-19 Contacts with Blockchain
Jan 19, 2021 at 14:55
News
South Korea Health Services Expand Tracking of COVID-19 Contacts with Blockchain
The health institutions in South Korea are using every available tool to fight Coronavirus disease. The most recent technological alternative is using a blockchain app system to track Covid-19 contacts in different parts of the country.
South Korea Supports Cryptocurrency Business by Postponing Tax Increase
Dec 01, 2020 at 13:59
News
South Korea Supports Cryptocurrency Business by Postponing Tax Increase
South Korea is known for its friendly stance on innovations including cryptocurrency. The country has even announced plans for releasing their own CDBC dubbed the digital won. However, they also show support to businesses dealing with other digital currencies.
North Korean Hackers Pose a Threat to South Korean Cryptocurrency Exchanges, but the Government Does Not Care
Oct 27, 2020 at 10:10
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North Korean Hackers Pose a Threat to South Korean Cryptocurrency Exchanges, but the Government Does Not Care
The Political Affairs Committee of South Korea’s National Assembly has informed the Financial Services Commission (FSC) on numerous attempts of hackers to break into the country’s financial institutions. Cryptocurrency exchanges became the main target.
South Korea Embraces Innovation: Blockchain-Based Voting is Coming
Jun 26, 2020 at 13:58
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South Korea Embraces Innovation: Blockchain-Based Voting is Coming
The South Korean government is actively adopting disruptive innovations including blockchain and distributed ledger technology (DLT) within various industries. It seems the country wants to follow in the footsteps of Japan and Switzerland to become a global tech hub.
South Korea will Revise its Regulatory Framework Before Launching Digital Won
Jun 15, 2020 at 13:42
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South Korea will Revise its Regulatory Framework Before Launching Digital Won
The Bank of Korea established an advisory group to revise the legislative framework before the launch of the digital won. Despite their CBDC will more resemble a digital version of fiat currency, it is obvious that the existing financial legislation should be adjusted to the circulation of a new digital asset.
Cryptocurrency Fraud Worth 100 Bln Won Busted in South Korea
Jun 13, 2020 at 11:50
News
Cryptocurrency Fraud Worth 100 Bln Won Busted in South Korea
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).
Korean University Wants to Establish a Blockchain Campus
Jun 02, 2020 at 13:33
News
Korean University Wants to Establish a Blockchain Campus
Suseong University will build an exclusively blockchain and AI technology campus in Daegu ready to admit students in a year’s time.
Blockchain Simplifies Application Process for Seoul City Youth Allowance
Apr 16, 2020 at 08:38
News
Blockchain Simplifies Application Process for Seoul City Youth Allowance
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.
South Korea Parliament Passes a Law to Control Cryptocurrency Use
Mar 09, 2020 at 08:23
News
South Korea Parliament Passes a Law to Control Cryptocurrency Use
The South Korean Parliament has at long last passed another act that will see the nation's cryptocurrency market regulated by  a legitimate administrative rule.
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