South Korea

south korean cryptocurrency exchange platform bithumb

South Korean Cryptocurrency Exchange Platform Launches R&D Center

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. […]

No Tax for Crypto Profits in South Korea

South Korea Government Confirms Crypto Profits as Non Taxable Assets

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 […]

Blockchain Billing System

Korea Post will Soon Implement Blockchain Billing System

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. […]

Hyundai Knocks Door of Blockchain to Provide Advanced Business Models

Hyundai to Build Financial Supply Chain Ecosystem on Blockchain

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 announces BTC and ETH as Crypto Partners for Galaxy S10

Nexledger Accelerator Will Boost Blockchain Transaction Speed, Says Samsung

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.