South Korea | ForkLog

ForkLog 5 17.09.2021

South Korea Proposes Delaying Capital Gains Tax on Crypto Traders

The ruling Democratic Party Toburo in South Korea intends to pass a law that would delay for one year the introduction of the capital gains tax on cryptocurrency transactions, according to local media.

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ForkLog 28 13.09.2021

Media: 40 of South Korea’s 60 crypto exchanges to close due to regulator’s requirements

After September 17, 40 out of roughly 60 cryptocurrency exchange operators in South Korea will cease operations due to FSC requirements. The Financial Times reports.

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ForkLog 12 06.09.2021

Korea’s largest financial group launches mutual fund focused on blockchain

KB Asset Management, the asset-management arm of South Korea’s KB Financial Group, launched a mutual fund focused on investments in blockchain companies.

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ForkLog 15 01.09.2021

BSN names first overseas portal operator

The company behind China's state Blockchain Service Network (BSN), Red Date Technology, announced the first portal operator outside the country. It was the South Korean startup MetaverseSociety.

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ForkLog 18 27.08.2021

South Korea fines Facebook for illegal collection of biometric data

The Privacy Information Protection Commission of South Korea (PIPC) fined Facebook 6.46 billion won ($5.5 million) for using and storing users' biometric data without proper authorization.

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ForkLog 12 16.08.2021

Samsung to test the digital won on its Galaxy smartphones

Samsung Electronics will participate in the Bank of Korea's project to create a pilot platform for the national digital currency (CBDC), The Korea Times reports.

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ForkLog 33 13.08.2021

Binance bans use of the South Korean won on its platform

The cryptocurrency exchange Binance has banned customers from using the South Korean won in transactions on its platform. The restrictions apply to trading, P2P trades, and deposit payments.

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ForkLog 10 12.08.2021

Ripple and GME Remittance to accelerate remittance transfers between South Korea and Thailand

One of the largest non-bank money-transfer providers in South Korea, Global Money Express Co. Ltd (GME Remittance), has joined RippleNet.

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ForkLog 16 01.08.2021

Media: South Korea’s financial regulator to halt operations of 11 Bitcoin exchanges

The Financial Services Commission (FSC) of South Korea has accused a number of local cryptocurrency exchanges of engaging in illicit activity.

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ForkLog 7 26.07.2021

South Korea to Tighten Rules on Cryptocurrency Confiscation

South Korean lawmakers proposed confiscating cryptocurrencies from digital wallets of tax dodgers. Reuters, citing the Ministry of Finance.

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ForkLog 9 12.07.2021

Media: Bank of Korea receives three bids to participate in CBDC launch

The Bank of Korea announced preliminary results of selecting a technical partner to launch the national digital currency (CBDC), according to Yonhap.

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ForkLog 10 12.07.2021

Media: South Korea’s Woori Bank to offer custody of digital assets

One of South Korea's largest banks, Woori Bank, in collaboration with a blockchain solutions provider and the Coinplug cryptocurrency exchange, will offer clients custody of cryptocurrencies. Korea Economic Daily reports this.

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