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A volte-face by South Korean President Yoon Suk-yeol’s administration when it comes to long-standing government apathy toward the country’s gaming industry is forcing it to stick to overseas markets. In his election campaign, President Yoon had promised to abolish the ban on the play-to-earn (P2E) industry in the country and enact
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South Korea’s newly-elected president Yoon Seok-yeol announced Tuesday he would push to defer taxation on crypto investment gains at least until a new set of regulations called the Digital Asset Basic Act is enacted.South Korea’s crypto tax was initially set to come into effect for the 2022 fiscal year, but
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According to the U.S. Treasury and the Office of Foreign Assets Control (OFAC), the recent Ronin bridge hack may have been tied to the North Korean hacker syndicate called Lazarus Group. Federal law enforcement officials have tied the flagged ethereum address connected with the Ronin bridge exploit to the group
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In an interview with CryptoX TV's "First Mover" program, Scott Freeman, co-founder and partner of financial services firm JST Capital, suggested the global unrest was hurting bitcoin's price, despite major buys over the past 10 days by Terra's Luna Foundation and MicroStrategy (MSTR), which purchased over $190 million in the
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"Now, Europe is seeking new sources of natural gas to replace Russian imports, which account for 38% of the gas imported into the European Union. In addition to Qatar, European nations are talking with gas producers in Angola, Algeria, Libya and the U.S., according to officials in these countries." (The
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SK Square, an IT investment arm that was spun off from SK Telecom in November 2021, has set up a blockchain task force that is responsible for the project, the Korea Economic Daily reported on Wednesday. The token will be the first of its kind launched by any company under
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Yoon defeated his liberal opponent in a contest in which cryptocurrency issues were unusually prominent. Source
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Kookmin Bank is preparing to become the first bank in South Korea to offer crypto investment products to retail investors. KB announced on Feb. 21 that it had formed a Digital Asset Management Preparatory Committee to determine product and strategy capabilities regarding digital assets and artificial intelligence investment funds. The bank expects
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Metaverse concert organizer Animal Concerts has partnered with South Korean unicorn Kakao’s Klaytn network to increase its exposure to the Korean entertainment industry and facilitate Klaytn’s global expansion plans.The Jan. 10 announcement from Klaytn explains that the partnership between Klaytn and Animal Concerts is expected to help Klaytn increase the
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