South Korea

Korean Actor Invests in Blockchain Seafood Trade Startup

South Korean actor and businessman Bae Yong-joon has invested an undisclosed sum in blockchain-based seafood trade startup Seamon.

Ground X, the blockchain subsidiary of South Korea’s Kakao, has raised $90 million in a private coin offering, Bloomberg says.

South Korea-based ICONLOOP, the firm behind blockchain project ICON, has denied reports it’s moving to go public.

South Korean cryptocurrency exchange Coinbin has declared bankruptcy, in part due to claimed embezzlement by a former exec.

The Seoul Metropolitan Government has committed over $1 billion to invest in innovative startups by 2022, including blockchain firms.

South Korea-based crypto exchange Bithumb has launched a global OTC trading desk for digital assets.

A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.

South Korea has decided not to lift its ban on domestic initial coin offerings after a watchdog’s survey found projects have been violating rules.