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south korea
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559CryptocurrencyIn South Korea, Treating (And Taxing) Crypto Gains As Income
To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of...
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1.9KBitcoinBitcoin Daily: Gemini Creates Insurance Unit To Protect Against Crypto Theft; South Korea’s Bithumb Exchange To Fight Crypto Tax Bill
U.S. crypto firm Gemini has debuted an in-house insurer to cover its assets, according to a report Thursday (Jan. 16) by Reuters....
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1.9KInternationalIntel’s Mobileye Plans To Pilot Robotaxis In South Korea
Mobileye will test and eventually launch a set of robotaxis in Daego City, South Korea, per an agreement reached this week. The...
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2.9KDigital BankingSouth Korea FinTech Gets Initial Approval For Online Bank
South Korean FinTech startup Viva Republica, creator of the financial services platform Toss, was granted preliminary approval for a digital banking license...
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2.9KDeliveryBaemin South Korean Food Delivery App Gets $4B Offer
South Korea’s Woowa, the startup behind the Baedal Minjok app — commonly known as Baemin — was offered $4 billion by Berlin-based...
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2.4KSecurity & FraudSamsung Execs Jailed In South Korea For Evidence Tampering
A South Korean court slapped three Samsung Electronics executives with jail sentences Monday (Dec. 9) for evidence tampering during an accounting fraud...
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4.8KBitcoinBitcoin Daily: South Korean Crypto Exchange Loses $49M In Mysterious Transaction; Gladius Crypto Firm Shutters After SEC Settlement
Crypto startup Gladius Network announced Nov. 22 that it has shut down. The news comes after it settled charges with the U.S....
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3.8KBankingSouth Korea Starts Pilot-Launch Of Open Banking System
South Korea has started a pilot-testing program for open banking, according to a release. The company started testing on Wednesday (Oct. 30)....
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4.0KBitcoinBitcoin Daily: Zamna Blockchain Travel Verification Firm Raises $5M; Crypto Capital Exec Arrested For Laundering Drug Money
Zamna announced that it has raised a $5 million seed funding round led by LocalGlobe and Oxford Capital. Seedcamp, the London Co-Investment...
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3.6KInternationalXoom Customers Can Now Send Money To South Korean Accounts
PayPal’s international money transfer service, Xoom, has announced that people in the United States, Canada and the U.K., as well as 31...
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4.7KBlockchainSamsung To Debut Blockchain-Friendly Smartphone
Samsung’s latest Galaxy Note 10 aims to boost blockchain adoption by making it more user-friendly, The Wall Street Journal reported Thursday (Sept....
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2.6KMobile5G Set To Round The Bases In South Korean Baseball
Professional baseball, to the annoyance of some real and would-be fans, remains in very large part an analog game, given the reliance...
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2.7KInternationalJapan, South Korea Dispute Could Impact Supply Chains
Alarms are going off in the tech sector as two major global tech producers argue over a bureaucratic process driven by politics....
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5.5KPartnerships / AcquisitionsMoneyGram Teams With Sentbe On Cross-Border Payments
MoneyGram and Korean money transfer company Sentbe have signed a partnership to make Sentbe the first MoneyGram virtual agent in South Korea,...
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2.5KBitcoinBitcoin Daily: UK Gov’t Forms Crypto Economic Crime Plan; South Korea Credit Card Firm Gets Blockchain Patent
The U.K. government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.” The Economic Crime Plan from...
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3.7KBlockchainSamsung, Tech And Banking Cos Team To Use Blockchain For Mobile Identity
A group of companies in South Korea are collaborating on a blockchain network to be used for mobile authentication services, according to...
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4.4KBitcoinBitcoin Daily: North Korean Hackers Target South Korean Crypto Exchange; Coinbase Pres Leaving Co
North Korean hackers have targeted South Korean cryptocurrency exchange UpBit. According to Hard Fork, security firm East Security discovered that the hackers...
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3.0KGlobal PaymentsTransferMate Gets Payment License In Singapore; Shanghai Commercial Bank Teams With EMQ
Welcome to The Axis, your late look at payments news from around the world. Coverage includes TransferMate’s approval for a payments license in...
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2.0KBitcoinBitcoin Daily: JPMorgan Boosts Privacy Of Ethereum Blockchains; S. Korean Bank Uses Blockchain For Loans
JPMorgan Chase has revealed to CoinDesk that its blockchain team has created a privacy feature for ethereum-based blockchains. The feature, which is...
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2.3KEarningsSamsung Touts 5G As Q1 Profit Plummets
Early 5G mobile network technology deployments put positive pressure on first quarter 2019 earnings for Samsung, but the firm still took a...
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3.8KPartnerships / AcquisitionsHyundai Denies Link-Up With Tencent For Self-Driving Software
Hyundai Motor said late last weekend that it has not inked a deal with Tencent, the Chinese tech firm, to create software...
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5.0KBitcoinBitcoin Daily: Argentina Open To Crypto; eToro Launching In US; South Korea Fights Crypto Crimes
eToro has announced that it is officially launching in the United States. Founded in 2007, eToro already services more than 10 million...
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6.6KB2B PaymentsIn South Korea: Calls For Greater Bank, FinTech Collaboration
Bank and non-bank collaboration gets a boost in South Korea through an interbank payment network and sandbox. Elsewhere, individual FinTech company initiatives shine...
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5.1KMobileWhat’s The Reward For Early 5G Deployment? Asia Will Soon Find Out
South Korea is taking an early lead in deployment of 5G, with three of the country’s telecoms recently deploying the service. That...
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5.8KInternationalNorth Korea Suspected In Hacking Of South Koreans
Hackers stole the information of close to 1,000 North Korean settlers who fled to South Korea, according to a report by The...
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5.3KB2B PaymentsSouth Korea Examines Blockchain For Shipping
In South Korea, government agencies are taking a look at blockchain for use in marine logistics activities, with an eye on making...
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4.6KInvestmentsSouth Korea Payment App Toss Raises $80M
South Korean company Viva Republica, which is behind the payment app Toss, has become the country’s fourth unicorn startup after raising an...
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4.5KInvestmentsCoupang Gets $2B Investment From SoftBank’s Vision Fund
Coupang, the South Korean eCommerce company, is getting a $2 billion investment from SoftBank’s Vision Fund, which will provide it with the...
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25.9KBitcoinBitcoin Daily: Tezos Launches Main Network, WannaCry Still Used To Mine Crypto
Samsung has revealed that South Korea’s customs authority has agreed to use the company’s Nexledger blockchain tech for its decentralized customs clearance...
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4.3KB2B PaymentsBanks And The Blockchain Scramble
Blockchain is getting its share of true believers. Among them are banks, traditional FIs and central banks. A series of new projects demonstrate...
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4.9KArtificial IntelligenceSamsung To Invest $22B In New Growth Areas Including AI
Samsung Group, the South Korean consumer electronics company, is gearing up to spend $22 billion on advanced technologies as it seeks new...
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4.9KCryptocurrencySunken Treasure … And Sunken ICO Dreams
Volatility comes in waves when it comes to cryptos. But waves of another kind — the kind that come complete with ships,...
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1.7KBitcoinBitcoin Daily: Mastercard CEO Calls Crypto ‘Junk,’ Iran Moves Forward With Crypto Plans
Iran is reportedly gearing up to create its own national digital currency, Fortune reported. According to reports, a plan is in the...
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3.5KB2B PaymentsSamsung Unit Afoul Of Accounting Law, Regulator Says
South Korean financial regulators said a unit of Samsung, Samsung BioLogics, intentionally breached corporate accounting rules, Reuters reported Thursday (July 12). The...
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2.0KBitcoinBitcoin Daily: India’s Top Court Keeps Crypto Ban, Crypto Thefts Top $761M In First Half Of 2018
The top court in India is keeping in place a ban that prevents banks, financial institutions and other regulated entities from providing...
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8.9KBitcoinAmid Hacks, Bitcoin Is Still Not Ready For Primetime
What’s a currency to do when it can take down the internet? Gain in price, amid growing clamor for it, of course....
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7.1KBitcoinSouth Korean Cryptocurrency Exchange Hack Sends Price Of Bitcoin Lower
Coinrail, a small South Korean cryptocurrency exchange that disclosed over the weekend it was hacked, sent the price of bitcoin lower. The...
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1.9KBitcoinBitcoin Daily: Bank Hackers Demand $1M in XRP, South Korea Confiscates $1.4M Bitcoins
Investors who thought they would get stock in a blockchain project were bilked out of approximately 300 million yuan – or nearly...
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3.8KBitcoinBitcoin Daily: UK Brokerage Tests Ripple’s xRapid, Filipino Banks Pilot Ethereum Blockchain
Months after South Korea’s Financial Services Commission banned token sales, the country’s National Assembly is seeking to allow some initial coin offerings...
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5.2KPayment MethodsChinese Millennials Drive Spike In Overseas Alipay Use This May Day
There’s nothing like a holiday to get people spending — and it’s not just Christmas and Hanukkah. In America, holidays like Halloween,...
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4.7KB2B PaymentsSamsung BioLogics Threatens Lawsuit After $6 Billion Devaluation
In the latest accounting scandal to hit a major global corporation, Samsung’s biotech unit, Samsung BioLogics, suffered a $6 billion market value...
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3.4KB2B PaymentsKorea’s Top Crypto Exchange Joins Blockchain Procurement Project
South Korea’s Korea Credit Data, a FinTech startup that operates in the small- and medium-sized business accounting software market, said it is...
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7.0KBitcoinTwo South Koreans Sentenced For $20M Bitcoin Scam
Two men from South Korea were sentenced for running a bitcoin pyramid scheme that stole around 20 billion Korean won ($20 million)...
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2.7KInternationalSouth Korea Detains Head Of Coinnest, Other Crypt Exchange For Embezzlement
The head of two cryptocurrency exchanges in South Korea were detained by law enforcement for allegations they embezzled the assets of customers....
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5.2KBitcoinBitcoin Daily: Bitpay Notches $40M In Funding, Russian Hotels To Take Crypto During World Cup
Bitcoin rose above the $7,000 level on Monday (April 2) after falling 25 percent last week, CNBC reported. Bitcoin was trading at...
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5.7KBitcoinBitcoin Daily: Allianz Says Bitcoin Bubble To ‘Burst,’ South Korea Seizes Crypto Exchanges
Bitcoin may be headed for another fall, CoinDesk reported. Charts are suggesting that a sell-off is possible – and the cryptocurrency could...
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4.7KSouth East AsiaHead Of South Korea’s FSS Steps Down Due To Hiring Scandal
The head of South Korea’s financial watchdog, the Financial Supervisory Service (FSS), has resigned after questions have surfaces about hiring practices at...
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6.0KBitcoinBitcoin Daily: Bitcoin’s Continued Nosedive; Coincheck’s Reimbursement Plan
As regulators crack down on cryptocurrency exchanges, bitcoin slid again on Thursday (March 8) by 7 percent over a 24-hour period. Following...
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5.9KMobile PaymentsSouth Korean Starbucks Accepts Alipay For Tourists
Chinese tourists looking for a coffee fix in South Korea are in luck, as more than 1,000 Starbucks locations across the country...
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3.8KSecurity & FraudOlympic Officials Mum On Cyberattack
Winter Olympic Games organizers have confirmed that while there was a cyber attack during the opening ceremony on Friday, it didn’t affect...
