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Tag Archives: Korean

Major Korean Financial Holding Company Wins Blockchain Patent for Improved Fintech Security

Leading South Korean financial holding company KB Financial Group Inc. has been awarded a patent for a blockchain-based fintech app security solution, South Korean economic news outlets The Digital Times reports Monday, Oct. 15. KB Financial is reported to have over $342 billion in assets under management and presides over multiple overseas and domestic subsidiaries, among them KB Kookmin Bank, ...

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Korean Energy Trading Giant ‘STX Corporation’ Enters the Cryptocurrency Market with ‘Hanminer’ SHA256 Miners

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. SEOUL, ...

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South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto

The chairman of Korea’s Financial Services Commission Choi Jong-koo has reaffirmed his negative position on digital currencies and Initial Coin Offerings (ICOs), Business Korea reported Oct. 11. Choi spoke at a parliamentary audit session of the commission held at the National Assembly. South Korea prohibited ICOs in September last year, stating that such a type of fundraising is “almost a ...

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Plastic Surgeon and Startup Investor Buys $352 Million Stake in Korean Crypto Exchange Bithumb

A group led by one of South Korea’s leading plastic surgeons, Dr. Kim Byung Gun, has made a major investment in crypto exchange Bithumb’s holding company. Bloomberg reported the news Friday, Oct. 12. The surgeon’s BK Global Consortium has closed a deal to acquire “50 percent plus one share” of BTC Holding Co. – the largest investor in Bithumb’s operator ...

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Korean Entrepreneur Seizes Blockchain’s Promise to Benefit Humanity

This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. WIZBL, a true dispersion ecosystem that optimizes transaction processes and verification speeds so blocks can be handled at 1 million transactions per second, aspires to bring the full democratizing benefits of blockchain technology to ...

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3 Major South Korean Crypto Exchange Hacks to Date

South Korea plays an important role in the cryptocurrency world. Ever since China lost its dominant position, South Korea has become of the Asia’s biggest Bitcoin and altcoin trading hubs. That success comes with potential issues, as numerous exchanges have been hacked in the process. The following three examples represent just a fraction of incidents since 2016. #3 Yapizon Loses ...

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Major Korean Crypto Exchange Bithumb to Launch Global Decentralized Platform

South Korean crypto exchange Bithumb, currently the world’s sixth largest by daily traded volume, will open a global decentralized crypto exchange, Business Korea reports Oct. 4. Bithumb has partnered with blockchain firm One Root Network (RNT), which has developed an Ethereum (ETH)-based decentralized token transaction protocol dubbed “R1” and already operates a decentralized exchange (DEX). According to a joint press ...

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TEMCO Secures Investment from No. 1 Korean Venture Capital “Korean Investment Partners”

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. TEMCO, ...

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South Korean Government to Exclude Sale, Brokerage of Digital Assets from Venture Business

South Korean cabinet ministers have agreed to exclude digital assets trading companies from venture business classification, Business Korea reported September 27.   Back in August, the country’s Ministry of Small and Medium-sized Enterprises (SMEs) and Startups (MSS) had already excluded cryptocurrency exchanges from legislation governing venture businesses, Cointelegraph reported. During the recent cabinet meeting held under the Prime Minister Lee ...

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North and South Korean Approaches Compared

South and North Korea may be separated by a border that’s only 2.5 miles wide, but the two nations couldn’t possibly be more different, at least when it comes to crypto. South Korea has emerged over the past few years as one of the world’s major crypto-trading centers, with the BTC-KRW (Korean won) market being the fourth biggest among national ...

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