Home > South

South Korean Internet Giant Kakao to Integrate Crypto Wallet in Messaging App

South Korea’s biggest internet corporation Kakao will reportedly integrate its crypto wallet in its messaging app KakaoTalk, local financial news agency Fnnews reported on March 18.According to the report, more than 44 million South Korean KakaoTalk users will be able send peer-to-peer transactions using Kakao’s crypto-powered wallet.The South Korean

Read More

HSBC Seeks Banking Partners in South Korea to Launch Voltron Blockchain Platform

United Kingdom-based banking giant HSBC is seeking banking partners in South Korea to deploy the blockchain platform Voltron in the country, Korean news outlet The Korea Times reports on Tuesday, March 12.As reported, Voltron is a platform that enables companies to process and settle their trading invoices via blockchain.

Read More

South Korean Kakao Corp’s Ground X Plans to Extend ICO After Raising $90 Million

The crypto unit of South Korea’s largest internet conglomerate Kakao Corp will repeat its initial coin offering (ICO) after netting $90 million from investors, Bloomberg reported on Mar. 11.Klaytn, the blockchain platform which is the responsibility of spin-off firm Ground X, will now seek to raise another $90 million

Read More

South Korea Establishes Special Task Force to Prevent Cryptocurrency-Related Crimes

The South Korean Supreme Prosecutors' Office (SPO) has announced the establishment of a task force to fight cryptocurrency-related fraud and crimes. The development was reported by the Korean Broadcasting System (KBS), one of the largest national public broadcasters, in an article published on Tuesday, March 5.The new task force

Read More

South Africa’s Standard Bank to Launch Permissioned Blockchain for Overseas Exchange Services

South Africa’s Standard Bank will soon launch its private permissioned blockchain for overseas exchange trades on behalf of corporate clients, fintech news outlet FinExtra reports Thursday, Feb. 28.The platform, which is set to go live in the second half of 2019, is based on the Hyperledger Fabric — a

Read More

Official: U.S. SEC’s Bitcoin ETF Verdicts Will Determine South Korea’s Crypto Attitude

South Korea Waits On SEC Rulings The race for the launch of Bitcoin exchange-traded funds (ETFs) has been an onerous one. Since the first proposal was plopped on the desk of American regulators, hopefuls and investors at large have hoped that a crypto-linked ETF would make it through the hoops. While

Read More

South Korean Capital to Invest Over $1 Billion in Fintech and Blockchain Startups by 2022

The Seoul Metropolitan Government has announced plans to invest more than $1 billion in blockchain and fintech startups by 2022, according to the official announcement published on Feb. 18.According to the release, the South Korean capital’s government plans to use the “Seoul Innovation Growth Fund” for startups that have various

Read More