Blockchain vs bedbugs: South Korean engineer uses tech to track infestation
As bedbug infestation reports soared in South Korea, an engineer launched an interactive map based on blockchain for citizens to track infestation cases in real-time.
As bedbug infestation reports soared in South Korea, an engineer launched an interactive map based on blockchain for citizens to track infestation cases in real-time.
Bank of Korea is collaborating with LG CNS to develop a CBDC system for tokenized deposits, utilizing LG CNS's expertise, with a KRW 9.68 billion budget and plans for a 2024 trial.
The U.S. was in the lead in its race with South Korea for Do Kwon’s extradition, but an appellate court has canceled the ruling, saying the process was irregular.
Bank of Korea Governor Rhee Chang-yong urges swift CBDC adoption to counter stablecoin risks, accelerating plans with launching 2024 retail pilot with global collaborations and innovative features.
South Korea's Financial Services Commission mandates digital exchanges to offer interest on deposits from July 2024, excluding NFTs and CBDCs, with stringent rules for asset custody.
The central banks of Italy and South Korea have signed a memorandum of understanding for a central bank digital currency cooperation and to also strengthen their partnership on ICT and payment systems.
The Financial Intelligence Unit has partnered with South Korea’s five leading exchanges to solicit reports on any unlicensed exchanges, after which it “plans to take necessary measures.”
South Korea’s SK Telecom joins forces with Celcom Digi, Agate, and Cosmic Technologies to expand its metaverse platform to a broader audience in Southeast Asia, focusing on creating more localized content.
The Bank of Korea will begin its retail CBDC pilot in 2024, testing use cases like payments for government grants and voucher systems. However, the central bank still mulls over cross-border payments.
Following the approval, it is now up to Montenegro’s Minister of Justice to decide which country gets the first crack at Do Kwon, who is currently detained in Montenegro.
The Bank for International Settlements general manager and the governor of South Korea’s central bank talked about the need for CBDCs, with both voicing concerns about Visa and Mastercard stablecoin.
South Korea's Hana Securities is planning a 2024 STO platform launch with Itcen and INF Consulting, aiming for comprehensive management and a full-scale rollout via strategic partnerships.