Tag: Koreas
Animal Concerts partners with Korea’s Klaytn: K-pop in the Metaverse?
Metaverse concert organizer Animal Concerts has partnered with South Korean unicorn Kakao’s Klaytn network to increase its exposure to the Korean ente [...]
Bank of Korea’s Lee Says Recovery, Prices Set Normalization Pace By Bloomberg
© Bloomberg. The Bank of Korea headquarters in Seoul, South Korea, on Monday, Nov. 22, 2021. Bank of Korea Governor Lee Ju-yeol has sent clear s [...]
Hedera and Korea’s Shinhan Bank partner on KRW stablecoin pilot
South Korea’s Shinhan Bank and Hedera Hashgraph (HBAR) have completed a proof of concept that is designed to conduct international remittances usin [...]
South Korea’s leading blockchain facing greater competition in NFT market
South Korea’s nonfungible token (NFT) space has rapidly expanded throughout 2021 led by the growth of crypto and NFT services offered by Kakao, but [...]
Korea’s FSC confirms that NFTs will not be regulated
The Financial Services Commission (FSC) in South Korea reaffirmed in a public statement today that nonfungible tokens (NFT) are not virtual assets, [...]
S. Korea’s FX reserves climb to new high for the fourth month in Oct
[Photo by Lee Seung-hwan] South Korea’s foreign exchange reserves hit a new historic high in October, refreshing peak monthly for the fourth straig [...]
South Korea’s 20% Tax on Crypto Gains Will Take Effect in 2022: Report
South Korean Finance Minister and Deputy Prime Minister Hong Nam-ki said his country is moving ahead with its plan to tax gains on cryptocurrency t [...]
South Korea’s Crackdown will Completely Close Nearly 40 Crypto Exchanges
South Korea’s Financial Services Commission is strengthening its regulations for cryptocurrency exchanges, in an effort to fight illegal monetary t [...]
