South Korea's Biggest Bank U-Turns on Crypto With Custody Service

South Korea’s largest bank by assets, KB Kookmin, has partnered with a cryptocurrency startup to develop custody solutions. South Korea’s Kookmin U-Turns on Crypto Reported by local media outlet Business Korea June 11, Kookmin will now work with local company Atomrigs Lab, which is active in digital asset protection. The move marks a decisive change of tack for Kookmin, which […]

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Korean Government Plans Action Over Risks of Resurgent Crypto Market

With the price of bitcoin surging to a yearly high Monday, the South Korean government has held an emergency meeting over the risk of losses for investors, CoinDesk Korea reports. Noh Hyeong-ouk, minister for the Office for Government Policy Coordination, announced the inter-agency meeting in a government statement earlier on Tuesday, saying participants included Ministry of Economy and Finance, the […]

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Samsung’s Budget Smartphones Will Reportedly Have Cryptocurrency and Blockchain Features

Budget smartphones released by South Korean consumer electronics giant Samsung will reportedly feature cryptocurrency and blockchain features, local English-language local media Business Korea reports on May 14. Per the report, the crypto and blockchain-related functionality included in the Samsung S10 will be included in other Galaxy smartphone models. The electronics producer also reportedly plans to cooperate with telecommunications companies on […]

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Weapons Tested by Kim Could Strike Deep Into South Korea

In this article The weapons North Korea launched over the weekend traveled into the stratosphere and flew at a distance long enough to strike deep into South Korean territory, according to a South Korean assessment. South Korea’s Joint Chiefs of Staff did not indicate what was fired off of North Korea’s east coast on Saturday and into the sea, but […]

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North Korea Says U.S. Pressures South Korea Over Sanctions

In this article North Korea accused the U.S. of pressuring South Korea to follow a policy of implementing sanctions against the regime, its state media reported. The Korean Central News Agency report said there was a “serious situation of tension being created” on the peninsula amid halted denuclearization talks with the U.S. The report was a commentary from the Committee […]

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Koreas summit: All the latest updates

Historic inter-Korean summit ends as Kim, Moon agree to work for ‘complete denuclearisation’ of Korean Peninsula. North Korean leader Kim Jong-un made history on Friday as he crossed into South Korea to hold talks with President Moon Jae-in.  It is the first time a North Korean leader has set foot in its southern neighbour since the end of the Korean […]

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Report: Samsung Planning New Blockchain Mainnet Featuring Samsung Coin

South Korean electronics giant Samsung may end up developing a public-private blockchain complete with its own cryptocurrency token, an anonymous source told crypto industry news outlet CoinDesk Korea on April 24. The project, part of an undertaking by the company’s dedicated blockchain division, would see a blockchain mainnet appear based on Ethereum (ETH), along with a new asset dubbed Samsung […]

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