South Korea


Markets

Prosecutors File Charges in Alleged $250 Million Crypto Mining Fraud

Authorities in South Korea have reportedly filed suit against a U.S. cryptocurrency mining firm, alleging a multi-million dollar fraud.

justice

Markets

Blockchain Advocates in Japan and South Korea Are Joining Forces

Japanese and South Korean blockchain groups have partnered for dissemination of blockchain technology.

Japan and South Korea

Markets

Bitcoin Exchange Youbit to Declare Bankruptcy After Hack

A South Korean bitcoin exchange is moving to declare bankruptcy following what it said was a debilitating cyber attack.

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Markets

North Korea Suspected Again in Crypto Exchange Attacks

South Korea's spy agency beileves a recent run of hacking attacks on domestic cryptocurrency exchanges is linked to North Korea.

North Korea flag

Markets

South Korean Officials Weigh New Curbs on Bitcoin Trading

The South Korean government is considering a range of policy options in order to curb what it called an "overheating of virtual currency speculation."

SK

Markets

South Korean NH Bank Joins R3 Distributed Ledger Consortium

South Korea's NongHyup Bank has joined the R3 distributed ledger consortium, saying it will launch a pilot blockchain project.

Buildings

Markets

Crypto Corrupts the Youth? South Korea Prime Minister Says So

Prime Minister Lee Nak-yeon reportedly frets about kids selling drugs and pyramid schemes while regulators draft rules for South Korea's exchanges.

Lee Nak-yeon, Prime Minister of South Korea

Markets

Bitcoin Price Tops $10,000 on Korean Exchanges

The price of bitcoin is trading above $10,000 at several South Korea-based bitcoin exchanges, market data reveals.

Won

Markets

South Korean Finance Watchdog Has 'No Plans' to Regulate Bitcoin Trading

The governor of a South Korean financial regulator has said it has "no plans" to supervise cryptocurrency trading.

Seoul

Markets

Bitcoin Is a Commodity Not a Currency, Says South Korean Central Bank Chief

The head of South Korea's central bank has ruled out classifying bitcoin as a currency, according to a new report.

Won