South Korea | ForkLog

ForkLog 25 13.12.2021

Bucheon to pilot facial-recognition system to track COVID-19 cases

The Bucheon authorities will test a facial-recognition system to track the movements of people infected with the coronavirus. The project is due to start in January 2022.

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ForkLog 6 13.12.2021

Officials in Korea are moving into the crypto industry

In South Korea, an increasing number of public officials are moving into the cryptocurrency industry, raising ethical questions. This view was voiced by Ro Wun-rae, a member of the National Assembly, in a commentary for The Korea Herald.

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ForkLog 21 07.12.2021

South Korea launches investigation into Hashed

South Korea's National Tax Service has opened an investigation into blockchain company Hashed, according to Aju News.

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ForkLog 15 03.12.2021

South Korea delays tax on Bitcoin traders

The National Assembly of South Korea passed an amendment to the legislation that would introduce cryptocurrency taxation from 1 January 2023. CoinDesk reports.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 10 29.11.2021

SK Telecom unit buys stake in Korbit Bitcoin exchange for $75 million

Investment company SK Square invested 90 billion won (~$75 million) in the cryptocurrency exchange Korbit by purchasing a 35% stake. The Korea Herald reports, citing the firm.

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ForkLog 23 25.11.2021

South Korea proposes jail terms for crypto market manipulation

The Financial Services Commission of South Korea (FSC) has proposed criminal penalties for misconduct in the cryptocurrency market, including price manipulation and insider trading. CoinDesk reports.

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ForkLog 22 24.11.2021

South Korea Hints at NFT Tax

South Korea's financial regulator signaled possible taxation of NFT transactions, sending a mixed signal to the market, The Korea Herald reports.

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ForkLog 5 23.11.2021

South Korea to consider lifting ban on ICOs

South Korea may revise the ban on ICOs after the Financial Services Commission proposed including token sales in the Capital Markets Act. Money Today reports.

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ForkLog 25 15.11.2021

Animoca to build a K-pop–focused metaverse with Cube Entertainment

Animoca Brands, a blockchain-gaming provider, and Cube Entertainment (@cubeunited) announced a joint venture for the purposes of building a music metaverse, and issue NFTs and ecosystem tokens based on the IP rights of Cube Ent’s …

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ForkLog 9 12.11.2021

Seoul to create the world’s first urban metaverse

The Seoul metropolitan government said it intends to become the first major city to create its own metaverse. It plans to use it to welcome residents and host cultural events.

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ForkLog 17 05.11.2021

South Korean authorities exempt NFTs from cryptocurrency regulation

South Korea's Financial Services Commission (FSC) confirmed that non-fungible tokens (NFTs) generally do not fall under the definition of virtual assets and are not regulated as such, according to the Korea Herald.

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ForkLog 9 25.10.2021

South Korea’s Teachers Credit Union denies reports that it planned to invest in Bitcoin.

The Teachers Credit Union of South Korea, which manages assets of about $40 billion, plans to begin investing in Bitcoin. Korea Economic Daily reports.

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