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“# Animoca Brands unveils plans for K-pop NFT metaverse ” Nonfungible tokens (NFTs) continue to disrupt the mainstream entertainment industries, with NFT gaming firm Animoca Brands partnering with Korean record label, talent agency and music production company, Cube Entertainment, to build a “K-pop music metaverse.” Announced on Nov. 15, the partnership will see Animoca and…
“#’Parasite’ star on his show ‘Dr Brain’ and why America loves Korean drama” Lee Sun-kyun, who appeared in 2019 Oscar winner “Parasite” and now stars in Apple’s first Korean show, “Dr. Brain,” said he’s not surprised that the world is embracing Korean drama right now. “Recently with the rise of [boy band sensation] BTS and…
“# Korea’s FSC confirms that NFTs will not be regulated ” The Financial Services Commission (FSC) in South Korea reaffirmed in a public statement today that nonfungible tokens (NFT) are not virtual assets, and will not be regulated. The confirmation of the decision to keep NFTs unregulated came after a review of the Financial Action…
“# Asia-Pacific leads the world in NFT searches on Google ” Amid the ongoing nonfungible tokens (NFT) boom, people in Asia-Pacific (APAC) countries appear to be the most curious about NFTs, according to Google Trends data. Google Trends data shows that China, Singapore and Hong Kong are the three top countries in the world in…
“# South Korean pension fund to invest in Bitcoin ETF: Report ” South Korea’s public pension fund, the Korean Teachers’ Credit Union (KTCU), is reportedly looking to gain exposure to Bitcoin (BTC) via a crypto exchange-traded fund (ETF). KTCU, one of the largest institutional investors in South Korea, is considering investing in a pure Bitcoin…
“#’Squid Game’ costume sees spike in Vans white slip-on shoes” White slip-on shoes are becoming a hot commodity thanks to the wildly popular South Korean survival drama “Squid Game,” with sneaker maker VF Corp reporting a small increase in demand for its Vans brand. The series, which became a global sensation and the No.1 program…
“# Asian CBDC projects: What are they doing now? ” The rapid growth of mainstream attention toward cryptocurrencies has forced the hands of numerous governments to create their digital alternatives. Over the past few years, interest from various jurisdictions has been pointed towards central bank digital currencies (CBDCs) — digital versions of government-issued fiat. Given…
“# South Korean opposition set to tackle controversial crypto tax law ” Lawmakers belonging to South Korea’s opposition People Power Party have prepared a fresh challenge to the planned crypto tax law. According to The Korea Herald, opposition lawmakers are advocating for a one-year extension to the start of crypto taxation in the country. As…
“# Chinese blockchain project BSN expands to Turkey and Uzbekistan ” The Chinese government-backed blockchain project, the Blockchain-based Service Network (BSN), continues expanding its global presence by setting up two new portals in Turkey and Uzbekistan. Red Date Technology, the architect behind the BSN project, has signed an agreement with Turkish consultancy firm, Turkish Chinese…
“#Oxford English Dictionary gets ‘K-update,’ adds 20 new words” The Oxford English Dictionary has become the latest piece of Western culture to be hit by the “Korean wave.” The definitive document of the English language has announced that, in response to the increasing popularity of certain South Korean cultural exports, over 20 new words of…