South Korea

DXM And Ledger Vault Launch ‘Upbit Safe’ A Crypto Custody Service For Institutional Investors

December 12, 2019
The cryptocurrency scene across Asia-Pacific is fairly innovative, though Korea has notably adopted at a much slow pace than surrounding countries. To bring more opportunity to the institutional investors of South Korea, DXM and Ledger are combining forces to provide a custodial solution that is meant specifically for this demographic. The new product from DXM

Major South Korean Mobile Carrier Launches Blockchain Project

September 17, 2019
Union Mobile, the fourth-largest mobile carrier in South Korea, announced the launch of its blockchain project called ELYNET. Using blockchain to make communication more efficient On Sept. 11, Union Mobile announced that ELYNET aims to use blockchain technology to make telecommunications more efficient for those users who rely on a single carrier for telecom service.

Samsung Launching a Galaxy Note 10 Crypto-Phone Edition: Sources

September 11, 2019
South Korean tech giant Kakao Corp. will issue its affiliate cryptocurrency, KLAY, direct to Samsung smartphone users. According to the Wall Street Journal (WSJ) citing people familiar with the plans on Sept. 5, the latest edition of Samsung’s new Galaxy Note 10 will feature a cryptocurrency wallet — and free coins. “KlaytnPhone” will come with

South Korean ArtBloc to Sell David Hockney Paintings via Blockchain

September 5, 2019
South Korean art-focused blockchain project ArtBloc will conduct a fractionalized ownership sale of two paintings by popular British painter David Hockney. ArtBloc launch commemoration ArtBloc plans to host a special event introducing the blockchain-enabled fractionalized ownership sale of two of David Hockney’s paintings in Seoul on Sept. 19, local outlet KoreaTechDesk reported on Aug. 29.

Samsung Adds Bitcoin to Blockchain Keystore

September 2, 2019
According to Samsung developers, the Blockchain Keystore supports Bitcoin along with Klaytn, which is a Korean cryptocurrency from Kakao. The Blockchain Keystore is supported on the latest Samsung devices, which include the Galaxy S10e, S10+, S10, 510 5G, Note 10+ and Note 10. It can be found within the following jurisdictions: US, UK, Canada, Spain,

Samsung-Backed Blockchain Startup Raises $7.5M from Shinhan Bank

August 27, 2019
South Korean blockchain startup Blockco has secured 9 billion Korean won ($7.5 million) in a recent Series B+ funding round participated by major local banks. Banks continue interest in blockchain Backed by South Korea’s tech giant Samsung, Blockco announced the investment in a blog post on Aug. 22. The funding round involved South Korea’s oldest

Terra Stablecoin Alliance Adds South Korean Music Streaming Platform

August 21, 2019
Blockchain payment system and stablecoin issuer Terra has added South Korean music streaming platform Bugs to its e-commerce alliance. As CoinDesk reported Aug. 14, there are now 25 partners in the Singapore-based company’s South Korea-focused payment ecosystem. The Terra Alliance uses payment solutions provider CHAI as its front-end. CHAI incorporates a mobile payments app which

Korea’s Oldest Bank Is Building a Blockchain-Based Security System

August 20, 2019
South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution. Korea’s Shinhan bank to enhance security with blockchain According to a report published on Aug. 14 by local news outlet The Korea Times, Shinhan Bank signed a memorandum of understanding with financial technology startup Ground X and blockchain

UN Report: South Korea Hardest Hit By North Korean Cyber Attacks

August 15, 2019
The United Nations is investigating 35 North Korean cyberattacks across 17 countries, according to a report published Aug. 13 by the AP. This follows last week’s leaked summary of the report, stating that $2 billion had been hacked by the nation thus far to fund weapons programs. The majority of incidents being probed were carried

South Korea’s Shinhan Bank Developing a Blockchain Stock Lending System

August 12, 2019
South Korea’s oldest bank, Shinhan Bank, is developing a distributed ledger technology (DLT)-enabled stock lending platform, local media Econonews reports on Aug. 1. Blockchain-based stock lending Per the report, Shinhan Financial Investment signed an agreement with financial services company Directional to develop a blockchain-based stock lending service on May 28. Personal stock lending is part