South Korea

South Korea Embraces Innovation: Blockchain-Based Voting is Coming
Jun 26, 2020 at 13:58
News
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
News
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.
South Korea to Allow Regulatory Sandboxes Related to Blockchain-based Overseas Remittances
Jan 31, 2020 at 14:02
News
South Korea to Allow Regulatory Sandboxes Related to Blockchain-based Overseas Remittances
The South Korean Ministry of Science, ICT and Communications intends to examine whether or not to allow regulatory sandboxes related to blockchain and distributed ledger technology (DLT)-based overseas remittances after the National Assembly Act (Special Act) on the reporting and use of certain financial transaction information passes the National Assembly.
South Korea to Roll Out Blockchain-based Local Currency
Dec 23, 2019 at 15:35
News
South Korea to Roll Out Blockchain-based Local Currency
The general situation on blockchain technology and cryptocurrency in Korea is on the rise and developments look to be unstoppable. The country is now working on developing a blockchain-based local currency that works like Bitcoin and other real DLT-based cryptocurrencies.
Global Blockchain Game Publishing Platform MixMarvel Partners with Klaytn, Kakao’s Global Public Blockchain Project
Oct 11, 2019 at 10:30
News
Global Blockchain Game Publishing Platform MixMarvel Partners with Klaytn, Kakao’s Global Public Blockchain Project
On July 18th, MixMarvel, the renowned global blockchain game publishing platform, announced a prospect of becoming a KLAY BApp Partner of Klaytn, the public blockchain project of South Korea internet giant Kakao. MixMarvel will be the first globally integrated Layer-2 technology Partner of Klaytn.
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