South Korea police want to know: Who leaked digital currency tax bill?
Authorities are looking into the source of a leak that exposed South Korea government’s digital currency taxation plan.
The Latest South Korea News
Korean central bank launches blockchain and AI department
Bank of Korea is seeking to step up its digitalization efforts with the launch of a new department that will focus on blockchain and artificial intelligence.
South Korea proposal for 20% digital currency gains tax gains traction
The proposal will be voted on September 3, 2020, and is expected to take effect on October 1, 2021—if passed.
South Korea to invest $48B in blockchain, AI, 5G
South Korea wants to digitize its infrastructure as part of the ‘Korea New Deal’. The gov’t intends to spend over $48 billion on blockchain, AI, 5G and more.
South Korea edges closer to 20% digital currency gains tax
South Korean legislators are reportedly edging closer to imposing a 20% capital gains tax on digital currencies and change them from currencies to commodities.
South Korea to launch a blockchain-powered free trade zone
Andong city in South Korea has announced plans to launch a free trade zone for its recently-legalized cannabis industry which will be powered by blockchain.
South Korea investigating a $16 million Futurenet digital currency scam
Close to 1,000 investors in South Korea have lost $16 million to Futurenet, a digital currency scam with Polish links that sold ad packages and promised riches.
Blockchain to boost medical tourism in South Korea
A consortium has come together in South Korea to employ blockchain technology in boosting the country’s medical tourism.
South Korea blockchain ID app eyed to ‘pass’ driver verification
Pass enables verification of a user’s driver’s license and is useful in situations where a person has to prove they are of drinking age without sharing other personal details.
Bithumb tries to go public—again
South Korea’s Bithumb has reportedly begun the initial public offering process, with the help of Samsung Securities as its underwriter.
South Korea minister confirms digital currency tax plans
Finance Minister Hong Nam-Ki told a parliamentary finance committee the government will introduce a taxation regime for digital currency.
South Korea assembles advisory group to prepare for digital won
The panel will decide which laws may need to be amended to guarantee a smooth launch of a South Korean CBDC.