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Tag Archives: Korea

Samsung SDS to Power World’s First Exports Customs Clearance Blockchain in Korea

The Korea Customs Service (KCS) has entered an agreement with Samsung SDS to implement the latter’s blockchain technology for an export customs clearance system. Samsung SDS, the IT subsidiary and technology provider of Korea’s largest conglomerate Samsung, will develop the world’s first blockchain-based export customs logistics service for the Korea Customs Service to enable efficiency and curb fraud in the ...

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Plus Token and WBF Jointly Started the Global Startup Conference, the First Stop in South Korea Was Grandly Held.

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Korea Customs Service Partners with Samsung SDS to Build Blockchain Customs Platform

The Korea Customs Service has signed an agreement with Samsung SDS to deploy blockchain technology for its customs clearance system, according to a press release published September 14. Samsung SDS, the IT arm of electronics giant Samsung, will develop a blockchain-powered platform based on Nexledger, which will be used for export customs logistics services. Nexledger is a blockchain platform designed ...

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South Korea Post Service Seeks Crypto ‘Know-How’ From Goldman Sachs

South Korea’s national postal service Korea Post (KP) will meet with Goldman Sachs executives to gain “know-how” about cryptocurrencies, Bloomberg reported Wednesday, September 5. The service, which oversees an investment fund of $112 billion, said a meeting about crypto had already taken place with Goldman’s incoming chief executive, David Solomon, in New York. Speaking to the Bloomberg in an interview, ...

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South Korea Internet and Security Agency to Double Blockchain Project Budget in 2019

The Korea Internet and Security Agency (KISA), a sub-organization of the South Korean Ministry of Science and ICT, has announced plans to expand public blockchain pilot projects to revitalize the domestic blockchain market, ZDNet Korea reports September 4. The South Korean government plans to spend about $9 million to spread blockchain projects throughout public and private sectors. This year, the ...

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North Korea Appears to Have Run a Short-Lived Bitcoin Mining Operation

A Korean organization announced yesterday that researchers discovered that North Korea tried to mine cryptocurrency last year. A research unit of South Korea’s state-run Korea Development Bank (KDB) disclosed their report publicly with these findings. The research unit said North Korea launched an effort to mine bitcoin between May and July last year, especially as a means to work around international ...

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Report Alleges North Korea Trialled BTC Mining, Local Firm Developing BTC Exchange

North Korea (DPRK) has attempted to mine Bitcoin (BTC), Yonhap News reported August 27, citing a report compiled by a research unit from South Korea’s state-run Korea Development Bank (KDB). Yonhap notes that the mining attempt – which was allegedly conducted “on a small scale” between May and July 2017 – appears to have been unsuccessful, although the reasons for ...

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South Korea Gov’t Sponsors Blockchain Hackathon in Fresh Public Awareness Drive

South Korea continues its drive to promote and expand uses for blockchain, announcing a hackathon to bring new ideas from the public Monday, August 27. The brainchild of the Korea Internet & Security Agency (KISA) and Korea IT Industry Promotion Agency (KIPA), the event is now accepting applications and will run in late November as part of the state-sponsored ‘Blockchain ...

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North Korea to Host its First-Ever International Crypto Conference: Report

Sanctions-hit North Korea is planning to host its first-ever international conference focusing on cryptocurrencies and blockchain technology in October. According to Radio Free Asia, the event will be held in the hermit kingdom’s capital of Pyongyang and will stretch for two days beginning October 1. Per various reports, the conference is expected to attract blockchain and cryptocurrency experts from all ...

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Philippines, Korea, and Thailand Move to Create the Next Crypto Valley

The Philippines, Thailand, and South Korea are moving towards creating the next crypto valley, after recognizing the success of Malta and Zug, Switzerland in creating crypto and blockchain friendly environments. Most countries in Southeast Asia, including Vietnam and Thailand, have cracked down on crypto trading and blockchain-related developments over the past year. A few months ago, Thailand disclosed its intent ...

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