Category: Korea Insider
Korean Science Ministry to Spend Over USD 100 Million on Blockchain
South Korea’s government announced that it will spend USD 101.4 million over the next five years to develop “blockchain technology for the data economy.”
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ICONLOOP Secures USD 5 Million in Bridge Funding
ICONLOOP continues to earn the confidence of investors.
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Could New Tax Slow the Growth of Korean Crypto Industry?
Some South Korean experts are worried that taxing cryptocurrency earnings could throttle the local cryptocurrency industry.
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UPbit Partners with KBank to Restart Korean Won Deposits
Major South Korean cryptocurrency exchange UPbit is once again allowing new users to make deposits in Korean won.
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S. Korea to Launch Mobile Driver’s Licenses This Month
South Koreans will soon be able to use a mobile app to present a digital driver’s license that would allow them to buy booze or smokes at the local convenience store without exposing their citizen ID number or home address to potentially nefarious actors.
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UN Expert: Digital Currency Could Replace Bank Accounts in Era of Low Interest Rates
A UN Global Expert on blockchain has predicted that digital currencies could replace bank accounts...
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S. Korea to Impose Crypto Tax from Next Year
Last week, South Korea’s Finance Ministry revealed that it is preparing revisions to South Korea’s tax law to levy taxes on earnings from cryptocurrency transactions.
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New ID Ecosystems Emerge as Lawmakers Abolish Online Authorization Certificates
Many internet users in Korea rejoiced last week when lawmakers amended the Digital Signature Act...
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S. Korea May Soon Launch USD 390 Million Blockchain R&D Project
The South Korean government will decide — possibly by the end of the month — whether to proceed on a five-year, nearly USD 390 million project to develop blockchain technology.
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ICONLOOP Included in Gov’t’s Blockchain Trial Projects for 2020
The Ministry of Science and ICT and the Korea Internet Security Agency (KISA) announced last week their list of publicly led and privately led blockchain trial projects for 2020, which includes ICONLOOP.
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Value, Investment in Blockchain Climbs in 2019
South Korea’s blockchain industry had a pretty good 2019, with the value of and investment in blockchain companies climbing from the previous year.
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Will S. Korea Implement the Crypto Travel Rule?
South Korea may not implement the so-called “travel rule” right away.
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