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South Korea

Korean central bank launches blockchain and AI department
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26 July, 2020

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...
South Korea proposal for 20% digital currency gains tax gains traction
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25 July, 2020

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
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16 July, 2020

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...
South Korea edges closer to 20% digital currency gains tax
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15 July, 2020

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...
South Korea to launch a blockchain-powered free trade zone
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9 July, 2020

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...
South Korea investigating a $16 million Futurenet digital currency scam
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2 July, 2020

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...
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