Home » Tag Archives: Koreas

Tag Archives: Koreas

Investors are Optimistic in Acquisition of Korea’s Largest Crypto Exchange

On October 12, CCN reported that BK Global Consortium, the parent company of Singapore-based BK Medical Group, has acquired a 50 percent stake in Bithumb, South Korea’s largest crypto exchange. Kim Byung-gun, a prominent plastic surgeon and blockchain investor, finalized the deal between BK Global Consortium and Bithumb, officially acquiring the leading cryptocurrency trading platform at a valuation of $350 ...

Read More »

Singapore Consortium Gains Stake in Korea’s Biggest Bitcoin Exchange

South Korea’s largest cryptocurrency exchange by trading volume, Bithumb, has seen a  Singapore-based blockchain consortium become its majority owner in a $350 million deal. BTC Holdings Company, which was Bithumb’s biggest stakeholder until Thursday with a 75.99% stake finalized an agreement to sell 50 percent plus one stake for 400 billion won (approx. $352 million) with BK Global, a Singaporean ...

Read More »

Blockchain Craze Sweeps Across Korea’s Most Powerful Startups

Some of the largest startups in South Korea with over 10 million users are turning to the blockchain. “Baedal Minjik,” a food delivery startup whose annual revenue surged 80 percent last year, and “Joonggonara,” a major used goods marketplace in South Korea, have shown interests in integrating the digital ledger technology. Baedal Minjik, for instance, recently partnered with Terra, a ...

Read More »

Korea’s 2nd Biggest Crypto Exchange Bithumb is Also Launching a DEX

Perhaps inspired by the world’s largest cryptocurrency exchange Binance to launch a decentralized exchange (DEX) by 2019, Bithumb, a major digital asset trading platform in South Korea, has announced its plans to operate a DEX in the months to come. Bithumb DEX, which is expected to target the global cryptocurrency market, will be launched under an overseas subsidiary of the ...

Read More »

South Korea’s Democratic Party Lawmaker Urges Authorities to ‘Open Up the Road’ to ICOs

A member of South Korea’s National Assembly has called on the state to “open up the road” to Initial Coin Offerings (ICO) by easing regulations, South Korean financial outlet Economy reports October 2. According to the article, Min Byung-doo, a Democratic Party lawmaker, will introduce a project of for ICO legislation at the next round of the National Assembly. He ...

Read More »

Korea’s Largest VC Firm Makes First Investment in Enterprise Blockchain Startup

South Korea’s largest venture capital (VC) firm, Korea Investment Partners (KIP), is investing in its first blockchain startup, TEMCO, according to an October 1 press release. KIP is known for its investments in high-ranking firms that include Naver — Korea’s largest search engine, as well as owner of the popular Japanese messaging app LINE — and Korean messaging giant Kakao, ...

Read More »

Korea’s Biggest Insurance Firm SK Partners With ICON, Crypto For Mileage

ICON, South Korea’s most valuable blockchain project, has partnered with the country’s biggest telecommunications conglomerate SK, to possibly utilize blockchain technology and crypto in compensating users of its mileage system. SK Planet, a subsidiary of SK that signed a memorandum of understanding (MoU) with ICON, operates the most widely utilized mileage system in the country that has nearly 35 million ...

Read More »

Singapore’s Crypto Market is Blooming, Korea’s Largest Exchange Moves

Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, has officially announced the launch of Upbit Singapore, which will be fully operational by October. Upbit Singapore CEO Alex Kim explained in an official statement that local users in Singapore will be able to trade all of the cryptocurrencies integrated by partner exchange Bittrex with 24/7 real-time security monitoring ...

Read More »

Over US$8 Million Lost by 2,600 Investors in South Korea’s ‘Treasure Ship’ ICO

Millions of dollars are estimated to have been sunk by investors seeking a piece of the ‘Russian treasure ship’ ICO fronted by a South Korean ‘treasure-hunting’ firm. According to South Korean police, it has been tentatively concluded that about 2,600 people invested around 9 billion won or slightly over US$8 million in Shinil Group which claimed to have discovered a ...

Read More »