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“# South Korea’s leading blockchain facing greater competition in NFT market ” South Korea’s nonfungible token (NFT) space has rapidly expanded throughout 2021 led by the growth of crypto and NFT services offered by Kakao, but competitors are entering the fray. The NFT market in South Korea could be on a path for even more…
“# South Korea embraces the proto-Metaverse ” The South Korean people and an increasing number of major companies in the country have begun to embrace and integrate the Metaverse into their everyday lives in new and unexpected ways. Two major retailers in the country have recently introduced Metaverse and AI elements to shoppers to enhance…
“# South Korean lawmakers push back against controversial “know-the-sender” rule ” South Korea’s crypto community coul soon face stringent reporting requirements on all cryptocurrency transactions, with the country’s National Assembly currently debating whether “know-the sender” (KTS) rules should be imposed. Arguments against the proposed KTS rule were heard before the Political Affairs Committee of South…
“# 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…