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Korean Crypto Exchange Earns Key Government Cybersecurity Certification

South Korean cryptocurrency exchange GOPAX has become the first blockchain company to attain K-ISMS certification, the official standard in Korea for information security management systems. This is an important sign of approval by the Korean government regarding GOPAX’s cybersecurity infrastructure.K-ISMS certification is an official domestic standard regarding the establishment, management and operation of information security […]
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North Korea Allegedly Backed Two Cryptocurrency Scams This Year

According to a new report from U.S.-based security firm Recorded Future published on Oct. 25, the North Korean government has sponsored at least two scam coins.In the report entitled “Shifting Patterns in Internet Use Reveal Adaptable and Innovative North Korean Ruling Elite,” Recorded Future’s research team Insikt Group mentions two alleged altcoin scams tied to […]
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South Korean Gov’t Pledges Support for Blockchain Startups to Facilitate Industry Growth

The Korean Ministry of Science and Information Communications Technology (MSICT) has pledged further support to facilitate the growth of the domestic blockchain industry, Business Korea reported September 21.Second Minister of Science and ICT Min Won-ki held a meeting with blockchain startups as part of the government’s effort to establish contact with organizations in what it […]
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Korea Customs Service Partners with Samsung SDS to Build Blockchain Customs Platform

The Korea Customs Service has signed an agreement with Samsung SDS to deploy blockchain technology for its customs clearance system, according to a press release published September 14.Samsung SDS, the IT arm of electronics giant Samsung, will develop a blockchain-powered platform based on Nexledger, which will be used for export customs logistics services. Nexledger is […]
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South Korean Official Proposes Greater Cooperation for Global Crypto Regulation

An official from South Korea’s Financial Supervisory Service (FSS) has proposed greater international cooperation between regulators for crypto and Initial Coin Offering (ICO) regulation, local news outlet Asian Economic TV reports Friday, September 7.Yoon Suk-heun, governor of FSS, made a statement about the potential for more cooperation during the opening ceremony of the 20th Integrated […]
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South Korea Internet and Security Agency to Double Blockchain Project Budget in 2019

The Korea Internet and Security Agency (KISA), a sub-organization of the South Korean Ministry of Science and ICT, has announced plans to expand public blockchain pilot projects to revitalize the domestic blockchain market, ZDNet Korea reports September 4.The South Korean government plans to spend about $9 million to spread blockchain projects throughout public and private […]
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S. Korea’s Top Crypto Exchange Upbit Defies Bear Market, Posts $100 Million Profits in Q3 2018

South Korea’s largest crypto exchange, Upbit —  a crypto-only platform run by a subsidiary of Korean tech giant Kakao —  has posted a $100 million profit in the third quarter (Q3) of 2018, Yonhap News reported August 23. As Yonhap reports, Kakao’s recent Semiannual Report indicates that the net profit of Upbit operator Dunamoo was […]
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