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Korean Crypto Exchanges Begin Compensation Process for Martial Law Service Disruption

SEOUL, Dec. 10 (Korea Bizwire) – Major South Korean cryptocurrency exchanges have initiated compensation procedures for service disruptions that occurred during the December 3 martial law crisis. The exchanges are accepting compensation claims to minimize investor losses caused by access problems and delayed transactions, with some already having completed partial reimbursements. According to industry sources, leading exchanges [...]

The Former OKcoin Core Team Created the Derivatives Exchange [JEX], Which Believes That Option Products Can Help Users Make Money in Bear Markets

SEOUL, KOREA, Nov. 9 (Korea Bizwire) - The cryptocurrency market is bearish, and everyone is looking for new ways to make money. The combination of options and futures will certainly become an opportunity. In short, options and futures have the advantages of the high efficiency of capital use, convenient trading, and low credit risk, which have solved [...]

S. Korea Approves Four More N.K. Contacts over Inter-Korean Exchanges

SEOUL, June 5 (Korea Bizwire) – South Korea’s government said Monday it has approved an additional four requests for contacts with North Koreans as it has decided to flexibly resume civilian inter-Korean exchanges. The Ministry of Unification said that it gave the green light to the requests by nongovernment organizations (NGOs) and a global body [...]

Government OKs Additional Civilian Exchanges with North Korea

SEOUL, June 2 (Korea Bizwire) – South Korea’s government on Friday approved an additional eight requests by local aid providers and religious groups to have contact with North Koreans over inter-Korean exchanges. The Ministry of Unification said that it gave the green light to plans by two humanitarian aid providers and six religious groups to [...]

Thousands Hold on to Galaxy Note 7 in Korea

SEOUL, Nov. 17 (Korea Bizwire) – It has been over a month since exchange and refund programs for the Galaxy Note 7 began, but recent data reveals that thousands are still holding on to their phablets with telecommunications companies showing an average recovery rate of roughly 40 percent. According to data compiled by the Ministry [...]

Samsung Begins Exchange, Refund of Galaxy Note 7 in S. Korea

SEOUL, Oct. 13 (Korea Bizwire) – Owners of the Galaxy Note 7 in South Korea on Thursday started getting a refund or swapping their phones for another smartphone, two days after Samsung Electronics Co. decided to discontinue the device over safety concerns. Consumers who have a Note 7 in their possession must visit stores where [...]

Truth of Missing Money to be Decided in Court

SEOUL, April 24 (Korea Bizwire) – On March 3, a businessman surnamed Lee visited a bank in Seoul’s Gangnam district and asked a teller to change 5 million won into Singapore dollars. The teller mistakenly gave Lee S$60,000 instead of S$6,000, filling an envelope with sixty S$1,000 notes rather than S$100 notes. When the teller found [...]