Cryptocurrencies
Cryptocurrencies
SK tipped to be Korea's 1st group to issue digital coins
Mar 23, 2022 (Gmt+09:00)
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Cryptocurrencies
WeMade to retire WEMIX cryptocurrency for investor value
WeMade Co., a South Korean game developer, plans to retire 2% of its cryptocurrency WEMIX in the next two weeks to bolster its value for investors, i...
Feb 17, 2022 (Gmt+09:00)
2 Min read -
Cryptocurrencies
Bank of Korea to test CBDC on Samsung devices, not on iPhone
The Bank of Korea (BOK) will launch real-life, offline tests for a central bank digital currency (CBDC) project on Samsung Electronics Co.'s Galaxy s...
Jan 25, 2022 (Gmt+09:00)
2 Min read -
Digital assets
Presidential candidates vow to legislate digital assets
Ahead of the 20th presidential election slated for March 9, candidates from both parties have vowed to legislate and systemize digital assets if elec...
Jan 20, 2022 (Gmt+09:00)
5 Min read -
Cryptocurrencies
WeMade under fire for massive clandestine WEMIX cryptocurrency sale
WeMade Co., a South Korean video game developer, has come under criticism for the massive unnoticed selling of its cryptocurrency WEMIX, allegedly in...
Jan 11, 2022 (Gmt+09:00)
3 Min read -
Cryptocurrencies
Dunamu boasts accumulated Q3 net profit of $1.7 bn, vows to go global
Dunamu Inc., the operator of Korea’s largest cryptocurrency exchange Upbit, has announced that its accumulated third-quarter net profit came in...
Dec 15, 2021 (Gmt+09:00)
2 Min read -
Cryptocurrencies
Domestic NFT art sale surpasses 3.5 bitcoin; concerns of market turbulence
Last week, a piece of non-fungible token art by digital artist Jang Koal was sold for more than 3.5 bitcoin or around 200 million won ($168,314) on U...
Nov 30, 2021 (Gmt+09:00)
2 Min read -
Cryptocurrencies
Korea's first game NFT exchange to open next month
Come next month, Korea will see its first online game-based non-fungible token exchange. Seoul-based video game developer WeMade Co., Ltd will open a...
Nov 29, 2021 (Gmt+09:00)
2 Min read -
Cryptocurrencies
SK Square to invest $75 mn in Korea crypto exchange
South Korea’s SK Square, an investment firm spun off from SK Telecom Co., will buy a stake in a local cryptocurrency exchange to expand its por...
Nov 29, 2021 (Gmt+09:00)
1 Min readlanguage -
Cryptocurrencies
Dunamu evolves from outlier to qualified investor in Woori
"It caused quite a commotion in our industry." This was the common response by cryptocurrency exchange insiders to the news that Dunamu Inc., an oper...
Nov 23, 2021 (Gmt+09:00)
3 Min read -
Cryptocurrencies
Korean politicians seek to delay crypto taxation as another bubble looms
South Korean politicians are seeking to delay taxes on gains from cryptocurrency trading by one year as they gear up for the upcoming presidential el...
Nov 03, 2021 (Gmt+09:00)
3 Min read -
Cryptocurrencies
KTCU to be Korea’s first pension fund to invest in cryptocurrency ETF
South Korea’s second largest institutional investor Korean Teachers' Credit Union (KTCU), with $40.2 billion under management, is eyeing its fi...
Oct 25, 2021 (Gmt+09:00)
2 Min readlanguage -
Cryptocurrencies
Korea’s top cryptocurrency exchange operator becomes decacorn
Dunamu Inc., the operator of South Korea’s top cryptocurrency exchange Upbit, became a decacorn, a company valued at over $10 billion.Dunamu ha...
Sep 23, 2021 (Gmt+09:00)
1 Min read -
Cryptocurrencies
Upbit dominates S.Korea’s crypto exchange with 80% market share
South Korea’s cryptocurrency exchange market is being dominated by the biggest platform Upbit that holds about 80% of all transactions made in ...
Aug 29, 2021 (Gmt+09:00)
3 Min readlanguage -
Cryptocurrencies
Overseas crypto exchanges end Korean services ahead of rule tightening
Overseas cryptocurrency exchanges are ending their Korean services, including language support as well as trading and payments in Korean won, as Sout...
Aug 17, 2021 (Gmt+09:00)
2 Min read -
Cryptocurrencies
Kakao’s Ground X to work on Korea central bank digital currency initiative
Kakao Corp.’s blockchain arm Ground X was selected as a simulator for the Bank of Korea-led central bank digital currency (CBDC) project, beati...
Jul 20, 2021 (Gmt+09:00)
1 Min read -
Cryptocurrencies
Chinese investors enjoy bitcoin arbitrage gains on Kimchi Premium
Chinese investors trading in digital assets such as bitcoin are reaping decent arbitrage gains in South Korea as the so-called Kimchi Premium has ret...
Apr 13, 2021 (Gmt+09:00)
3 Min readlanguage -
Cryptocurrencies
Crypto exchange sale stalls amid Bitcoin boom
The sale process of Bithumb, South Korea's largest cryptocurrency exchange, is taking longer than expected due to a spike in its price tag as investo...
Mar 03, 2021 (Gmt+09:00)
1 Min read -
Cryptocurrencies
BOK chief sees no intrinsic value in cryptocurrencies
Bank of Korea (BOK) Governor Lee Ju-yeol said the recent surge in cryptocurrency prices appears abnormal because they have no intrinsic value, adding...
Feb 24, 2021 (Gmt+09:00)
2 Min readlanguage
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