Bithumb crypto exchange posts $180M net loss on BTC struggles
South Korea-based crypto exchange Bithumb has posted a net loss for 2018 in a dramatic reversal of fortunes from the previous year.
Latest South Korea News
South Korean DAPA to build platform for military acquisitions
South Korea’s Defense Acquisition Program Administration has launched a blockchain-based project for the country's defense sector.
Law enforcement in South Korea arrest crypto scammers with AI help
Scammers were reportedly arrested—with the help of artificial intelligence (AI)—in South Korea after a running a Bitcoin Ponzi scheme for some time.
South Korean top leaders call for a review of its crypto policies
South Korean leaders are afraid that the country may be lagging behind in the crypto space due to heavy regulation.
Bithumb assures crypto ‘assets are safe’ amid $13M EOS hack
South Korean cryptocurrency exchange Bithumb is assuring investors that their funds are safe after a hack that reportedly led to the loss of 3 million EOS worth $13 million.
Kakao raises millions in coin offering, prepares for blockchain launch
Kakao has raised $90 million through a private coin offering, and are gearing up for a big blockchain project.
South Korea creates task force to fight crypto fraud
South Korean authorities want to make sure that consumers are protected from fraud and other crimes, especially in the nascent cryptocurrency world.
KT set to launch blockchain platform in March
The largest telecommunications operator in South Korea issued a statement on Thursday declaring their plans to launch a new blockchain as a service platform beginning in March.
$1 billion Seoul startup fund to include blockchain companies
The fund has been committed by the government in Seoul, South Korea’s capital, through the Seoul Innovation Growth Fund, designed to encourage entrepreneurship within the city.
South Korean Kakao puts $57M into blockchain, AI research in Q4 2018
According to a new report, South Korean internet giant Kakao invested $57 million in the research and development of new blockchain and AI technologies.
South Korean telecom firm to launch local cryptocurrency
South Korea’s largest telecoms company, KT Corporation, has been chosen to operate a new local cryptocurrency platform for Gimpo City, according to reports.
Huobi Wallet brings Bitcoin SV, other cryptos to Japan and Korea
Huobi Wallet has extended support for cryptocurrencies like Bitcoin SV to its customers, now including those based in Japan and Korea.