English News

KT to issue digital currency for Gimpo City in April

2019년 2월 15일 | English News

The Gimpo City will issue 11 billion won in digital currency from April. The city named KT to establish a platform for the digital currency, which can be used only…

Blockchain-based money transfer service popular among Asian workers in South Korea

2019년 2월 15일 | English News

Asian workers in South Korea can remit funds to their families through blockchain. Thus they could bypass the costly banks for transferring money to their families at home. Coinone, the…

Samsung SDS unveils accelerator for blockchain processing

2019년 2월 15일 | English News

The Samsung SDS Wednesday unveiled its blockchain accelerator, called Nextledger Accelerator.’ The company made public the accelerator at the IBM annual conference in San Francisco. The accelerator is designed to…

KOMSCO starts digital gift card services

2019년 2월 14일 | English News

The Korea Minting and Security, Printing & ID Card Operating Corporation (KOMSCO) Wednesday started its digital gift card services. Its model projects started in the Seongnam City and Siheung City…

Busan City, Hyundai Pay to activate blockchain-based fintech business

2019년 2월 14일 | English News

Busan City and Hyundai Pay Wednesday signed a memorandum of agreement to activate blockchain and fintech business. Under the agreement, Hyundai Pay would relocate its head office by 2021. The…

Sejong City, Busan City to become blockchain-based smart cities

2019년 2월 14일 | English News

The government would use blockchain technologies in building the two model smart cities in central Sejong City and Pusan. The blockchain technologies would serve to upgrade security in the new smart…

KEB-Hana Bank registers 46 blockchain patents

2019년 2월 14일 | English News

KEB-Hana Bank completed the registration of its 46 blockchain patents for new business projects. According to the bank Wednesday, the patents would enable the bank to initiate many new services…

K-Global project unveiled to help next-generation hi-tech firms

2019년 2월 13일 | English News

The Ministry of Science and ICT Monday unveiled its plan to foster next-generation technologies including blockchain. Under the development program, called K-Global Project, the government would provide funds to ICT…

Overcrowded, unregulated exchanges become hotbed of fraud

2019년 2월 12일 | English News

South Korea is overcrowded with cryptocurrency exchanges. More than 200 exchanges are operating. Even unlike casinos, many of them are ridden with frauds. They are outside government oversight. These fraud-ridden…

Bithumb to open exchange in UAE

2019년 2월 12일 | English News

Bithumb will open a cryptocurrency exchange in the United Arba Emirates (UAE) through a joint venture. It is to become a government-licensed exchange. Bithumb Monday announced its signing of the…

Chain Partners starts OTC trading services

2019년 2월 11일 | English News

South Korea’s first global blockchain builder Chain Partners Monday began its over-the-counter (OTC) service, which it has been operating on a trial basis since August. It also opened the OTC website. Both local and foreign…

Bank of Korea report cautious about issuing central bank digital currency

2019년 2월 09일 | English News

Unlike many central banks around the world, the Bank of Korea seemed less positive about issuing its digital currency. A report the Bank of Korea commissioned, warned over a possible…

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