SEOUL, Jan. 22 (Korea Bizwire) — Opinions on cryptocurrency are completely polarized on social media among South Korean users, a new report has found. Mentions of cryptocurrencies such as Bitcoin by South Korean social media users are 49 percent positive and 51 percent negative, according to a report released by a preparatory committee for the Korea [...]
SEOUL, Jan. 19 (Korea Bizwire) – A South Korean cryptocurrency policy advisor who has made over 10 million won via investment in cryptocurrencies is being accused of using inside information for personal gain. A member of the Financial Supervisory Service, whose name remains anonymous, enjoyed a profit margin of over 50 percent after selling his cryptocurrency [...]
SEOUL, Jan. 18 (Korea Bizwire) — Seoul’s Nowon District is set to roll out next month ‘NW’, a new cryptocurrency that will be used as a means of exchange within the local community. NW is the first blockchain technology-based local currency in the world, according to the Nowon District Office on Thursday. After its release next [...]
SEOUL, Jan. 17 (Korea Bizwire) — The South Korean government will continue efforts to remove ActiveX from official websites this year. The Ministry of the Interior and Safety said on Tuesday that 30 select government websites will go through an ‘Active X purge’ this year, as part of the initiative to do away with controversial plug-in [...]
SEOUL, Jan. 15 (Korea Bizwire) – Nearly 2 million South Koreans are estimated to have used cryptocurrency applications with their smartphone in the past week, data showed Monday. A total of 1.96 million people may have used apps that allow them to handle digital currencies, such as bitcoin and ethereum, last week, up from 140,000 [...]
SEOUL, Jan. 12 (Korea Bizwire) – The government’s move to regulate cryptocurrency trades could hurt the blockchain industry, experts have warned. According to industry sources on Friday, blockchain businesses are expressing concerns over the impact of cryptocurrency regulations, despite the government’s assurance that it would support the latest technology. “The growing number of cryptocurrency transactions [...]
SEOUL, Jan. 9 (Korea Bizwire) — LG Electronics Inc. said Tuesday it will launch its mobile payment system in the United States during the first half of this year in time with the release of its upcoming mobile phone. LG Pay has been in service in South Korea since June last year and is moving [...]
SEOUL, Dec. 18 (Korea Bizwire) – Wallet apps used to store cryptocurrency are rising in popularity in the wake of Bitcoin’s meteoric rise in valuation that has stirred up feverish interest among experienced and amateur investors alike. According to market research firm Sensor Tower, over 25 million smartphone users worldwide have downloaded a wallet app [...]
SEOUL, Dec. 13 (Korea Bizwire) – New standards to ensure the security of biometric data are set to be introduced by the government in the near future. The set of rules will require fingerprint and facial recognition data among others to be deleted after use, and for all biometric data to be encrypted when being [...]
SEOUL, Dec. 11 (Korea Bizwire) — Amid growing interest in cryptocurrency, security experts have warned that North Korean hackers could target bitcoin exchanges next year. During a press conference held on Friday, the Korea Internet & Security Agency (KISA) revealed a report predicting seven cyberattacks would likely come next year, with cryptocurrency exchanges as the likely [...]