Two Executives Of Komid Imprisoned For Faking Volumes

Two Executives Of Komid Imprisoned For Faking Volumes. The two executives of the South Korean cryptocurrency exchange were condemned to imprison in regard to inflating trading volumes in their exchange.  Choi Hyunsuk, CEO of the exchange, one of the executives has received a three-year prison sentence. The other executive received a two-year jail sentence. “This […]

South Korean District Uses Blockchain For Administration

According to reports published by the local media outlet, a South Korean district uses blockchain for administration. Thereby, Yeongdeungpo-gu is the district that has announced that it will implement blockchain technology to its proposal evaluation system. Likewise, the main objective of this district is to strengthen and develop its administrative fairness, transparency, and integrity by […]

South Korea’s First Ripple-Powered Blockchain Remittance Service Launched

South Korea’s First Ripple-Powered Blockchain Remittance Service Launched. A blockchain-based remittance app and web service named Cross was launched in South Korea. It is introduced by Coinone Transfer a subsidiary of Coinone. The app is built using the enterprise blockchain technology and it is first of its kind in South Korea. Cross gives people in […]

Enabling Voting With Blockchain Platform By South Korea

South Korea will try out another blockchain casting a ballot framework this month, sources near the improvements have affirmed to Nvestweekly. Created by the nation’s National Election Commission (NEC) and its Ministry of Science and ICT, the appropriated record framework depends on IBM’s Hyperledger Fabric and will be utilized to confirm voters and spare casting […]

South Korean Government to Test Blockchain Use for E-Voting System

The South Korean government is considering using blockchain technology for an electronic voting system, a business technology news website ZDNet reports on  Nov. 28th, 2018. The Ministry of Science and ICT and the National Election Commission (NEC) plan to jointly test the implementation of blockchain technology within the online voting system. The trial period has […]

South Korea’s Largest Exchange UPbit Awarded ISMS Certification

Upbit, one of the largest cryptocurrency exchanges in South Korea, has been awarded an information security management system (ISMS) license for its strong infrastructure from the Korea Internet and Security Agency (KISA), a sub-organization of the Ministry of Science and ICT. The certification denotes the exchange’s adherence to the country’s compliance and security standards.   […]

Blockchain Technology To trace Beef Supply Chain

Blockchain Technology To trace Beef Supply Chain– According to the biggest news agency in South Korea, Yonhap, the South Korean government will use blockchain technology for tracing beef through the entirety of its food supply chain.   Supply Chain The ministries are planning to use distributed ledger technology (DLT) to track beef through the supply […]

Crypto Volume in South Korea Improved

Crypto Volume in South Korea Improved – The helpful improvements in the South Korean crypto space have supported fiat inundation into the market and uncovers the current month’s information. eToro’s e-analyst, Mati Greenspan, set the Korean Won against the most volumed bitcoin-quoted assets. Similarly which includes the US Dollar, Euro, the Pound and furthermore Tether. […]

South Korean: The Regulations Around Blockchain

South Korean: The Regulations Around Blockchain – The South Korean Lawyers association has made a dramatic move by supporting the blockchain industry and in the interest of the investors’ money. These kinds of moves by the lawyers association are very rare in South Korea. Which they conduct a public campaign for any technological or business […]

Key Government Cybersecurity Certificate to Korean Crypto Exchange

Key Government Cybersecurity Certificate to Korean Crypto Exchange. GOPAX, South Korean cryptocurrency exchange has received the K-ISMS certificate. It is the first company to get this certificate from the Korean government. This is the certificate for the official standard in Korea for information security management systems regarding Gopax’s cybersecurity infrastructure.   K-ISMS includes server hosts, […]