south korea

South Korea Crypto Industry More Optimistic Than Ever Despite Bear Market

22 hours ago admin2 0
Throughout the past two months, investors in the local crypto market of South Korea have continuously expressed their optimism towards a drastic change in the regulatory landscape of crypto. Since early February, the crypto market has endured the third-worst correction in its history, experiencing a 78 percent decline in price. Despite the bear market, the Read More

Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits

23 hours ago admin2 0
Several blockchain associations in South Korea are pushing back against a government plan they fear will stifle industry innovation. The groups are objecting to a proposal aired by South Korea’s Ministry of SMEs and Startups on Monday for an amendment to the country’s existing venture business law that would, if enacted, exclude cryptocurrency exchanges from the category Read More

ICO Regulations Round-Up: Fundraising Law, Jeju Island, Self-Directed IRAs

2 days ago admin2 0
In recent news pertaining to initial coin offerings (ICO) regulations, an EU report has advocated the regulation of ICOs according to crowdfunding legislation, the governor of Korea’s Jeju Island wants his jurisdiction to become a special economic zone regarding cryptocurrencies and blockchain, and the U.S. SEC has warned consumers regarding the risks of self-directed Individual Read More

Korea’s Financial Regulator Wants to Use the Blockchain for Stock Trading

2 weeks ago admin2 0
South Korea’s financial watchdog is advocating for a blockchain-based stock trading system. The Financial Supervisory Service’s (FSS) appeal was part of a new study published by the agency on Thursday, which was first reported on by Korea JoongAng Daily. The study reportedly encourages South Korean regulatory agencies and companies to collaborate on the development of Read More

Bithumb Sees 40% Trading Volume Drop After User Registration Suspension

2 weeks ago admin2 0
Trading volume at one of the world’s largest cryptocurrency exchanges has plummeted by 40 percent in three days after it temporarily stopped opening new user accounts. South Korea’s Bithumb exchange – which suffered a $31 million hack in June – said in a blog post on July 31 that it will suspend the opening of Read More

Korean Officials Probe Shipwreck ICO for Possible Fraud

2 weeks ago admin2 Comments Off on Korean Officials Probe Shipwreck ICO for Possible Fraud
Korean police are investigating a cryptocurrency startup claiming to be selling treasure from a sunken ship, the Korea Joongang Daily reported Tuesday. Authorities are reportedly looking into Shinil Group, which claims to have found a Russian shipwreck from the early 1900s, for possible fraud charges. The company launched its own cryptocurrency, which investors bought with Read More

Korean Government Seeks to Strip Tax Perks From Crypto Exchanges

2 weeks ago admin2 Comments Off on Korean Government Seeks to Strip Tax Perks From Crypto Exchanges
Cryptocurrency exchanges in South Korea may soon lose eligibility for significant tax benefits currently granted to smaller companies. A proposed revision to the existing tax law, announced by the South Korean government on Monday, would exclude crypto exchanges from the category of startups or small and medium enterprises (SMEs) that can claim a tax cut Read More

Korea is Pushing Positive Crypto Legislation: What Happens After it’s Passed?

2 weeks ago admin2 Comments Off on Korea is Pushing Positive Crypto Legislation: What Happens After it’s Passed?
Advertisement The government of South Korea is hurrying the finalization of the country’s first crypto and blockchain legislation, to recognize the cryptocurrency and blockchain sector as legitimate industries. What it Means For Crypto As CCN reported, local financial authorities initially disclosed their intent to regulate the cryptocurrency market with stricter but more comprehensive regulatory frameworks Read More

South Koreans are tired of bad sex education—and bad sex—in the #MeToo era

3 weeks ago admin2 Comments Off on South Koreans are tired of bad sex education—and bad sex—in the #MeToo era
Long before #MeToo took off, three South Korean teachers knew the country had a gender problem. As recently as 2015, South Korea’s nationwide sex education curriculum blamed sexual violence in part on women not paying for dates, and made a point of highlighting the fact that men have “natural” sexual desires to appease. K-pop stars Read More