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” City of Busan to establish digital assets exchange: Report “ According to local news outlet News1, Busan, South Korea will establish a decentralized digital commodities exchange. Officials said the platform is scheduled to start operations this year and will support local cultural content via digital assets. “Taking advantage of the strengths of Busan, such…
Netflix Adds 11 Titles to Sprawling 2023 Korean Content Slate Netflix unveiled its biggest-ever annual slate of Korean films and series on Tuesday, while stating that over 60 percent of its global subscribers watched Korean content in 2022. The company showcased 34 titles in its 2023 slate announcement, including 11 previously unknown projects. The 2023…
” Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution “ The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with selling unregistered securities through Gemini’s “Earn” program. The Commodity Futures Trading Commission started the process of getting a default judgment…
” Seoul government opens city’s metaverse project to public “ The Seoul Metropolitan Government has launched its Metaverse Seoul project, allowing residents of the South Korean capital city to access city services in a virtual environment. In a Jan. 16 press briefing, Seoul Mayor Oh Se-hoon announced the launch of the first phase of Metaverse…
” Bithumb ordered to pay outage damages to investors by South Korean court “ The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts. On Jan. 13 the South Korean Supreme Court finalized its ruling that the exchange must pay damages to investors over a 1.5-hour service…
” Huobi clarifies Korean operations: Two separate entities aiming at same market “ Following the report about Huobi Korea’s planned buyout of its shares from Huobi Global, the latter revealed that the deal has already been made, and the two platforms have been operating completely separately since the Fall of 2022. In the press release…
” South Korean regulators target Bithumb in new probe “ The South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local reports. On Jan. 10 tax agents raided the exchange’s headquarters in the country’s capital city Seoul as a part of a compliance investigation….
” Huobi Korea seeks to split from parent company, change its name: Report “ Local media reported Jan. 9 that cryptocurrency exchange Huobi Korea is preparing to purchase its shares from Huobi Global and change its name. About 72% of shares in Huobi Korea are owned by Huobi Global cofounder Leon Li. Huobi Korean chairman…
“This week’s critical moment for Biden to act on China’s threat” Japan’s Prime Minister Fumio Kishida comes to Washington this week for a potentially critical summit with President Joe Biden — particularly on China, which Tokyo now publicly recognizes as its principal threat. Just weeks ago, Kishida announced a historical “turning point” in Tokyo’s security…
“South Korea reconfirms that Seoul and Washington are discussing joint nuclear exercises” South Korea reconfirmed Tuesday that Seoul and Washington are discussing its involvement in U.S. nuclear asset management in the face of intensifying North Korean nuclear threats, after President Joe Biden denied that the allies were discussing joint nuclear exercises. The purported difference came…