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$3.2Mln Fund Allocated to Blockchain Startups by 2 South Korean Governmental Agencies

Two governmental agencies in South Korea have reportedly authorized an initiative to financially support the local blockchain sector, with a $3.2 million grant awarded to startups for boosting the...

| Mar 18, 2020 17:14

South Korea Approved Bill For Releasing Crypto Exchange-focused Permit System

The National Assembly of South Korea has reportedly approved of a revised law, on how to report and use special financial transaction data, with the highlight being the release of a crypto...

| Mar 06, 2020 16:42

South Korean Tax Experts Advised 2-Step Tax Initiative On Digital Coins

Tax specialists in South Korea have reportedly suggested the authorities to use a low-level trading tax for crypto profits, prior to requiring citizens to fulfill a transfer income tax duty. ...

| Feb 26, 2020 16:12

South Korea Central Bank Working On Its Own Blockchain-based Bonds Issuance Tool

South Korea’s central bank is reportedly looking to deploy blockchain in the bond market, via issuing its own blockchain-powered bonds. Specifically, the movement – primarily proposed as an...

| Feb 19, 2020 16:33

South Korea Discussing The Possibility To Apply 20% Tax On Crypto-enabled Transactions

The Ministry of Economy and Finance Of South Korea has reportedly been discussing the possibility of introducing a new income tax, 20% specifically, on any crypto-enabled transactions. Particularly,...

| Jan 30, 2020 03:25

South Korea Central Bank Organized Task Force For CBDC Research Process

The Bank of Korea (BOK) – the central bank of the nation – is reportedly set to form a new task force in 2020, devoted to exploring the possibility of a central bank digital currency...

| Dec 29, 2019 03:25

South Korean Telecom Giant KT Launched Busan-focused Blockchain Currency

KT Corporation – a key player in telecom services from South Korea – has publicly introduced a new blockchain-powered currency based at a major suburban city in the nation – Busan....

| Dec 21, 2019 12:17

South Korea Approves New Law Providing Legal Basis For Crypto Businesses

South Korea’s National Assembly is looking to pass a new law, which will provide a legal basis for digital coin in the nation. The new bill will redefine crypto coins as digital assets, and aims...

| Nov 28, 2019 14:07

Beowulf Blockchain Forges Strategic Partnership with Coinplug to Continue Global Expansion

Beowulf, a full-fledged decentralized cloud communications network for enterprise and consumers, has announced a global partnership with Coinplug, a leading blockchain technology company based in...

| Nov 11, 2019 14:39

Top South Korean Mobile Facilitator Rolled out Blockchain Project

Union Mobile – ranked 4th on the list of top mobile facilitator in South Korea – has reportedly introduced its self-developed blockchain project – ELYNET. ELYNET – which was...

| Sep 13, 2019 18:30