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“# Another $84M deposit begs the question: Why are Bitcoin whales in Korea selling? ” Bitcoin (BTC) whales in South Korea have been selling heavily across major exchanges throughout the past week. Data shows that multiple $100 million deposits to Bithumb have been spotted in the last three days alone. By volume, South Korea has…
“#South Korean court orders compensation for Korean sex slave” SEOUL, South Korea — A South Korean court on Friday ordered Japan to financially compensate 12 South Korean women forced to work as sex slaves for Japanese troops during World War II, the first such ruling expected to rekindle animosities between the Asian neighbors. Japan immediately…
“# South Korea to introduce a 20% tax on crypto trading profits in 2023 ” The South Korean government issued an amendment on Wednesday to introduce a tax on profits from cryptocurrency trading. Following a legislative notice lasting until Jan. 21, the amendment is likely to be enacted in February, Asia Today reports. It would…
“# Report: Major gaming conglomerate Nixon prepares to acquire Bithumb ” After a troubled few months, crypto exchange Bithumb looks like it’s set on turning over a new leaf through an acquisition by one of South Korea’s top gaming firms. South Korean media reported on Jan. 7 that Nexon, a multi-billion dollar gaming conglomerate, has…
“#South Koreans scramble to arrange cosmetic surgery before mask-wearing ends” SEOUL (Reuters) – When Ryu Han-na, a 20-year-old university student, got cosmetic surgery on her nose in mid-December, she had a simple reason: it might be the last chance to do so covertly before people start taking off masks this year as vaccines are distributed….
“# Iconloop secures gov backing to test blockchain driver’s license project ” Enterprise blockchain firm Iconloop has secured approval from South Korea’s Ministry of Science and ICT to test its decentralized identity, or DID, technology system to manage driver’s license data in the country. According to an announcement from the company, the trial run aims…
“# Binance Korea to shut down exchange due to low trading volume ” Binance KR has decided to shutter its operations in South Korea according to an announcement released on Thursday. As part of the press statement, Binance KR attributed the move to declining liquidity and low trading volume of its BKRW trading pairs. BKRW is…
“# Korean crypto investment company launches $100 million fund for blockchain projects ” Hashed, one of South Korea’s largest crypto asset fund managers, has raised 120 billion won ($110 million) to fund new blockchain ventures in the so-called “protocol economy.” The funds were raised via Hashed Ventures Inc., a new entity that will oversee the…
“#S.Korea coronavirus lockdown fears spark panic buying” SEOUL – South Korea reported a record number of coronavirus deaths on Thursday as the country’s biggest wave of infections since the start of the pandemic strained hospital resources and sparked panic buying in anticipation of a harsh new lockdown. The novel coronavirus had claimed another 22 lives…
“# LG’s consulting arm joins KardiaChain mainnet validators ” A subsidiary of global conglomerate LG will participate in the mainnet launch of a Vietnamese hybrid blockchain project, KardiaChain. LG CNS, an IT and consulting subsidiary of LG Corporation, has partnered with KardiaChain to act as a validator for its upcoming mainnet launching in late December….