WASHINGTON/ROME, Mar. 20 (Korea Bizwire) — An appeals court in the Balkan country of Montenegro finalized a decision Wednesday to have Do Kwon, the co-founder of the cryptocurrency firm Terraform Labs, be extradited to his home country, South Korea. In a statement on its website, the court said that it had rejected an appeal by [...]
SEOUL, Mar. 18 (Korea Bizwire) — South Korea and the Organization for Economic Cooperation and Development (OECD) opened a joint conference in Seoul on Monday to discuss ways to help Southeast Asian countries develop and transform their financial systems. The conference will be held for two days and discuss potential problems arising from the digitalization [...]
WASHINGTON, Mar. 7 (Korea Bizwire) — A court in the Balkan country of Montenegro ruled Thursday that disgraced crypto entrepreneur Do Kwon should be extradited to his home country, South Korea, according to the Associated Press. The High Court’s ruling on the co-founder of the cryptocurrency firm Terraform Labs came days after an appeals court [...]
SEOUL, Mar. 5 (Yonhap) — An appeals court in the Balkan country of Montenegro has overruled an earlier decision to extradite Do Kwon, the co-founder of the cryptocurrency firm Terraform Labs, to the United States to face fraud charges, the court’s website showed Tuesday. Earlier, the High Court in Podgorica ruled that Kwon should be [...]
SEOUL, Oct. 3 (Korea Bizwire) –The market for online e-coupon services, which provide gift certificates in the form of barcodes, is experiencing rapid growth. This surge can be attributed to the sustained popularity of non-face-to-face gifting practices that emerged during and after the COVID-19 pandemic. The online shopping industry anticipates that the transaction value of [...]
SEOUL, Sept. 7 (Korea Bizwire) —Mirae Asset Securities announced on Wednesday the inclusion of two prominent entities, Studio Genius, a domestic content production company, and Solaire Partners, an investment firm, in the Security Token Working Group. This collaborative effort aims to advance the commercialization of tokenized securities linked to film and drama investment ventures. Studio [...]
SEOUL, July 26 (Korea Bizwire) — An interagency investigation team was launched Wednesday to crack down on cryptocurrency-related crimes, officials said. The joint virtual asset crime investigation unit will start operations at the Seoul Southern District Prosecutors Office, staffed by 30 investigators from seven government agencies and bodies, including the prosecution, the Financial Supervisory Service, [...]
SEOUL, July 4 (Korea Bizwire) — An alert system that notifies users of abnormalities in cryptocurrency trading was launched in South Korea, an alliance of local crypto exchanges said Tuesday. The system sends out messages when there is a sudden rise and fall in the price of coins in the past 24 hours, a steep [...]
SEOUL, May 16 (Korea Bizwire) — Samsung Electronics Co. and the Bank of Korea (BOK) on Monday signed an agreement to advance technology related to the offline central bank digital currency (CBDC) currently under development. In the previous year, Samsung participated in the central bank’s second phase of the CBDC mock test research. As a [...]
SEOUL, April 14 (Korea Bizwire) — The commission income earned by banks from virtual asset exchanges in Korea was halved last year due to the market downturn. The five major virtual asset exchanges, including Upbit and Bithumb, paid a total of 20.4 billion won (US$15.5 million) to banks that signed contracts to issue real-name accounts in [...]