South Korea Customs Service (KCS) is planning to use Samsung’s blockchain technology in order to reduce fraud and keep the custom’s system decentralized. According to Samsung SDS, CEO Won-Pyo Hong stated that the company will develop a blockchain platform (Nexledger) for export customs logistics service. This will be...
UPbit is the biggest cryptocurrency exchange in South Korea. Recently, in the third quarter of 2018, it was able to generate a profit of $ 100 million. This is a significant amount considering the fact that the cryptocurrency market is in a downturn. Due to this very reason, many of the...
The South Korean government has decided that it will be promoting blockchain training as part of the Forth Industrial Revolution. Blockchain technology has immense potential. This is one of the main reason why there are jobs being created in the blockchain space. The Ministry of science and ICT in South...
Recently, news emerged in South Korea that the company had found the Russian ship which had sunk in 1905. The treasure on the ship was worth $ 130 billion in gold coins. Also, the company went on to further announce that the users who will sign up on its cryptocurrency exchange...
South Korea is one country that can generate a significant amount of volumes when it comes to investing and trading in cryptocurrencies. Recently, however, the South Korean government stated that the tax sops will end soon. The taxes are currently provided to the local cryptocurrency exchanges. The government further added...
Subsequent to the wave of regulations and the prohibition of ICOs in South Korea. A recent article published states a complete shift in the government’s decision to allow the launch of ICO’s. The representative of the democratic party, Hong Eui-rak, along with ten other legislators joined the movement....
