SEOUL, Sept. 18 (Korea Bizwire) — South Korean prosecutors said Sunday that Do Kwon, the wanted founder of Terraform Labs accused of fraud following the massive collapse of the firm’s cryptocurrencies in May, is “obviously on the run” and not cooperating with the investigation. The remarks came in response to Kwon’s claim in a tweet [...]
SEOUL, Sept. 14 (Korea Bizwire) — Concerns are rising over investment in non-fungible tokens (NFTs), which have been gaining attention since last year, alerting investors that high fluctuation in prices and commission rates may result in a less-than-expected profit, a report said Tuesday. The Korea Institute of Finance reported that the non-fungible features of NFTs [...]
SEOUL, Sept. 6 (Korea Bizwire) — LG Electronics Inc. has unveiled an non-fungible token (NFT)-based artwork transaction platform in the U.S. market. The company announced on Monday that it had launched the LG Art Lab service in the U.S., enabling users to buy, sell and enjoy high-quality NFT artworks selected by professional curators. The service [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s major advertising agencies are ramping up non-fungible token (NFT) ventures in a bid to develop new growth engines. Cheil Worldwide Inc., the advertising arm of Samsung Group, said Thursday it had signed a memorandum of understanding with U.S.-based NFT marketplace CYPHRLY, a subsidiary of South Korea’s leading [...]