South Korea

Bithumb Global Launches Native Token for Exchange Ecosystem

Bithumb Global has launched a native coin for Bithumb Chain, the exchange’s custom blockchain. Launched under the “BT” ticker, Bithumb…

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Binance Enters Korean Market With New Business Entity

Binance may have taken another step toward launching a crypto exchange arm in South Korea. Binance’s presence the Korean market…

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Korean Government to Back Blockchain Startups With $9 Million Fund in 2020

The Korea Internet Security Agency (KISA) will be supporting blockchain-related projects in 2020 with 10.5 billion won, about $9.0 million, in…

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Binance Joins Council of Internet Giant Kakao’s Blockchain Project

Klaytn, a blockchain project led by internet giant Kakao, announced that cryptocurrency exchange Binance is joining its governance council. In…

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Major Korean Banks Join Government-Backed Blockchain ID Initiative

Four more major institutions including the Shinhan and NH Nonghyup banks have joined a South Korean decentralized identity initiative that’s…

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Samsung SDS Partners With Tech Mahindra for a New DLT Product

Samsung SDS, the IT subsidiary of global tech giant Samsung, has announced a joint initiative to launch a new blockchain-based…

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New Gov’t Initiative to Put South Korean Trade on Blockchain by 2021

The South Korean government is planning to establish a digital trade foundation to reduce the costs of trade by using…

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South Korea Aims to Put Trade Finance on the Blockchain by 2021

Trade finance in Korea is headed to the blockchain according to a CoinDesk Korea story and other local press reports. The…

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Token Investors May Sue After Former Korean Social Media Giant Shuts Down

Investors in the “clink” token launched by Korean social media firm Cyworld earlier this year are up in arms over…

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Sudden Cyworld Shutdown Puts Clink Crypto Investors at Risk: Report

South Korea’s Cyworld social media platform shuttered its services on Oct. 1 without giving any prior notice, English-language local media…

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