South Korea | ForkLog

ForkLog 19 25.03.2022

South Korean crypto exchanges to comply with FATF guidance

The Financial Services Commission of South Korea notified cryptocurrency firms from 25 March 2022 to comply with the FATF travel rule. They must collect and share information about users making transactions of 1 million won or more (about $817).

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ForkLog 9 28.02.2022

South Korea earmarks $186 million for national metaverse project

The Ministry of Science, ICT and Future Planning of South Korea has allocated 223.7 billion won (about $186 million) to create a metaverse ecosystem.

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ForkLog 8 21.02.2022

South Korea’s largest financial group to launch a retail-focused crypto fund

KB Financial Group, the largest financial conglomerate in South Korea, announced the launch of a retail-focused fund with a crypto-product tilt in the form of indices and {{AOPEN_1}}ETF{{ACLOSE_1}}.

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ForkLog 27 11.02.2022

Media: South Korean crypto exchange executives sentenced for fraud

Seven executives of the South Korean cryptocurrency exchange V Global have been sentenced to prison terms for fraud totalling 2 trillion won ($1.7 billion). CoinDesk reports.

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ForkLog 8 11.02.2022

Bloomberg reports plans by South Korea’s sovereign wealth fund to boost investments in metaverses

South Korea's sovereign wealth fund plans to ramp up investments in Silicon Valley startups in AI and metaverse sectors to increase the share of alternative assets in its portfolio. Bloomberg reports.

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ForkLog 13 24.01.2022

South Korea’s central bank completes first phase of CBDC testing

The Bank of Korea has successfully completed pilot testing of issuing and distributing a digital currency (CBDC), according to The Korea Herald, citing the institution.

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ForkLog 15 29.12.2021

Korean authorities recommend Apple and Google ban P2E games

The Ministry of Culture, Sports and Tourism of Korea has asked Google and Apple to block in mobile marketplaces any games that operate on a Play-to-Earn (P2E) model. Naver reports.

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ForkLog 9 13.12.2021

SK Telecom unit requires portfolio companies to have a presence in the metaverse

SK Square, the investment arm of South Korea's telecom giant SK Telecom, wants all portfolio companies to have a presence in the metaverse. Bloomberg reports.

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ForkLog 21 13.12.2021

Bucheon to pilot facial-recognition system to track COVID-19 cases

The Bucheon authorities will test a facial-recognition system to track the movements of people infected with the coronavirus. The project is due to start in January 2022.

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ForkLog 6 13.12.2021

Officials in Korea are moving into the crypto industry

In South Korea, an increasing number of public officials are moving into the cryptocurrency industry, raising ethical questions. This view was voiced by Ro Wun-rae, a member of the National Assembly, in a commentary for The Korea Herald.

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ForkLog 13 07.12.2021

South Korea launches investigation into Hashed

South Korea's National Tax Service has opened an investigation into blockchain company Hashed, according to Aju News.

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ForkLog 10 03.12.2021

South Korea delays tax on Bitcoin traders

The National Assembly of South Korea passed an amendment to the legislation that would introduce cryptocurrency taxation from 1 January 2023. CoinDesk reports.

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#South Korea