The major South Korean cryptocurrency exchange platform, Bithumb launches its own research and development center. The announcement goes live by the company. It states that Bithumb is the first company with a blockchain and cryptocurrency research recenter in South Korea. With this establishment, Bithumb has high hopes for the research center’s impact on the company. […]
South Korea has confirmed that income tax can’t be levied on individual investor’s profits from crypto transactions under the current tax law. However, the government is reviewing international trends. And the approaches of major countries to crypto taxation to amend the existing Korean tax law to include cryptocurrency. Crypto Profits No More a Subject of […]
South Korean exchange, UpBit, has announced that it will discontinue supporting six privacy coins from 30 September this year. The exchange did this to block possible money laundering on the platform…
The major South Korean electronics firm LG is also planning to launch a blockchain-powered smartphone. The company is already in-action with many local blockchain experts to introduce its future product soon…
Samsung Electronics will soon release a new edition of its Galaxy Note 10 smartphone, KlaytnPhone. It will come with an inbuilt cryptocurrency wallet in its bid to boost the adoption of blockchain tech…
The major Korean banking firm Shinhan bank is planning to tighten its rule for those customers who are dealing with cryptocurrencies. The bank will employ dedicated staff to keep a note of the transactions of accounts. In Korea, there have been rising cases of the crypto related frauds…
South Korea’s central post service, Korea post partners with crypto exchanges of the country to implement a Blockchain billing system. Together the South Korean government and local private companies will work on the new project. The private companies include Coinplug and global IT firm NHN. The implementation will be operational under the Ministry of Science and ICT. […]
Shinhan Bank which happens to be one of the oldest banks in Korea is going to embrace blockchain. The firm has launched a Blockchain Loan System. Its aim is to speed up the procedure of lending money. This info sources back to a local news agency. Also, it’s being said that this bank is the […]
Hyundai has announced that its financial services subsidiary, Hyundai Commercial, has selected IBM to build a new financial supply chain ecosystem utilizing Hyperledger Fabric blockchain. As per sources, Hyundai Card, another financial services subsidiary of Hyundai, will also be joining IBM to implement Machine Learning and develop Artificial-Intelligence based Chatbot for support services.
Samsung SDS, the IT arm of South Korea-based Samsung, has launched an application intended to speed up blockchain transactions. The Nexledger Accelerator technology has already been successfully tested on Hyperledger Fabric, an open-source enterprise blockchain platform developed by the Linux Foundation. The technology was first unveiled in April 2017 and will be added to the IBM Blockchain Platform Board, as said by SDS.