South Korea Archives - Page 2 of 7

South Korea Crypto Gain Tax Implementation Pushed To 2023

January 7, 2021

South Korea crypto gain tax implementation pushed to 2023. The nation's Ministry of Economy and Finance announced Wednesday that a legal amendment was finalised after tax laws were updated in 2020, according ...

South Korea Tax on Crypto Gains Delayed Until 2022

December 1, 2020

South Korea parliament has officially postponed a private members’ bill that will start taxing profits from cryptocurrencies from January 2022, according to local media reports. Rumors suggested last week th...

Responsibility Not Claimed On South Korean Crypto Exchange Hack

October 24, 2020

Responsibility no claimed on South Korean crypto exchange hack. There has been a heated political debate on who should claim responsibility on the South Korean cryptocurrency exchanges hack . South Korea's fi...

South Korea’s CBDC Will Begin Distribution Phase Next Year

October 7, 2020

South Korea's CBDC will begin distribution phase next year. The South Korean central bank announced today that it will start the distribution phase of its central bank digital currency, or CBDC, pilot scheme ...

IESF Announces Marketing Partnership With MEI

October 1, 2020

The International Esports Federation (IESF) has announced a marketing partnership with Major Events International (MEI) to help find marketing and sponsorship partners for their Global Esports Executive Summi...

Kangwon Land Estimates Loss In Casino Sales Of US$46 Million After Closure Extended Into October

September 20, 2020

Korean locals casino Kangwon Land has extended its latest COVID-19 closure by a further two weeks, pushing the total closure period beyond a month for the second time in 2020. In a Friday filing, Kangwon Lan...

Korean Police Summon Bithumb Chairman for Fraud Investigation

September 18, 2020

The Seoul Metropolitan Police Agency is closely investigating South Korea’s largest crypto exchange, Bithumb, and has recently summoned its chairman, Lee Jung Hoon, who is alleged of fraud. Reported by local...

South Korean Government Agency To Implement Blockchain-Based Employee ID System

September 6, 2020

South Korean government agency to implement blockchain-based employee ID system. The Korea Internet & Security Agency, or KISA, is South Korea's first public institution to introduce a blockchain-powered ...

Crackdown? South Korean Police Seize Bithumb

September 2, 2020

The Seoul Metropolitan Police Agency has reportedly raided and seized Bithumb, South Korea’s largest cryptocurrency exchange, over some allegations of fraud. Reported by the local newspaper Seoul Shinmun tod...

The Largest Bank In South Korea Unveils Bitcoin Custody Services

August 9, 2020

The largest bank in South Korea unveils Bitcoin Custody Services. KB Kookmin Bank (KB), South Korea's largest commercial bank, has agreed to a contract with Hashed blockchain investment fund and Cumberland Ko...