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The Korea Herald

Blockchain

September 19, 2018
SK Holdings C&C partners with ICONLOOP for financial blockchain solutions

[THE INVESTOR] IT solutions firm SK Holdings C&C and blockchain firm ICONLOOP signed a memorandum of understanding on Sept. 19 to jointly develop blockchain-based financial services. The firms will collaborate to roll out services targeting banks, insurance firms and stockbrokers. Solutions for c...
September 19, 2018
Reserve aims for crown in stable-value cryptocurrency sector

[THE INVESTOR] Price volatility has been pointed out as one of the biggest hurdles for cryptocurrencies to go mainstream. Stablecoin, a type of virtual currency with price stability, was created to eliminate the highly unstable characteristics of digital coins. Tether, whose value is pegged to th...
September 19, 2018
Upbit to open crypto exchange in Singapore in Oct.

[THE INVESTOR] Dunamu, operator of Korea’s leading cryptocurrency exchange Upbit, on Sept. 19 said it plans to open a new exchange in Singapore in October. The firm set up a new office Upbit Singapore in February and has been preparing for the launch. Alex Kim, who previously served as the head...
September 18, 2018
Jeju Gov. reaffirms plan to legalize ICOs

[THE INVESTOR] Jeju Special Self-Governing Province Gov. Won Hee-ryong said on Sept. 18 that he would continue to make efforts to allow initial coin offerings although the central government banned them last year. “Speculative investments and money laundering schemes are not essential parts of b...
September 17, 2018
[INTERVIEW] Ticket Monster to adopt Terra blockchain-based payment service

[THE INVESTOR ] JEJU ISLAND -- Despite the exponential market capitalization and hype on cryptocurrencies, experts view the absence of a killer app or real-world application is making it difficult for wider adoption of the digital asset. Ticket Monster, or TMON, co-founder Daniel Shin is out to f...
September 17, 2018
‘Blockchain sector needs to become practical’

[THE INVESTOR] The worldwide craze for cryptocurrencies and blockchain, which started late last year, seems to have lost its luster as the prices of crypto coins have plummeted to their lowest levels in recent months. Some prominent CEOs of blockchain firm have said that the shortage of useful se...
September 17, 2018
Zikto’s Insureum coin listed on Coinzest

[THE INVESTOR] Korean insurtech startup Zikto said on Sept. 17 its Insureum coin has been listed on Korean crypto exchange Coinzest following its debut on Singapore’s CoinBene last month. Coinzest, established in June, is one of the fastest-growing exchanges. Its trading volume is 41,028.61 BTC ...
September 14, 2018
Bittrex to launch cryptocurrency exchange in Malta in Oct.

[THE INVESTOR] JEJU ISLAND -- US-based cryptocurrency exchange Bittrex on Sept. 14 said it will open a branch in Malta on Oct. 1, as part of its global expansion plans. “We are now planning to launch Bittrex Malta,” Bill Shihara, co-founder and CEO of Bittrex, said at the Upbit Developer Confer...
September 14, 2018
TMON founder’s new blockchain startup Terra gets US$32m seed funding

[THE INVESTOR] Blockchain-based payment firm Terra has secured a total of US$32 million in its latest seed funding campaign from multiple investors, including Binance Labs, OKEx, Huobi Capital and Dunamu’s Upbit. Terra, established in April this year, is a blockchain-based payment platform that ...
September 14, 2018
Dunamu’s Lamda256 unveils advanced blockchain developer tool Luniverse

[THE INVESTOR] JEJU ISLAND -- Lamda256, the research unit of Dunamu, operator of the nation’s largest crypto exchange Upbit, on Sept. 14 unveiled a more useful and easier blockchain developer tool, called Luniverse. The Ethereum-based testnet will be launched on Sept. 18 before its official debu...
September 13, 2018
Kakao’s blockchain venture aims for mass-market

[THE INVESTOR] JEJU ISLAND -- Why is a big company like Kakao jumping into blockchain? This is a frequent question Ground X CEO Jason Han gets since he took the helm of Kakao’s blockchain venture that was launched in Japan in March. “We are always searching ways for business expansion. If you...
September 13, 2018
Blockchain to see mainstream use in few years: Dunamu founder

[THE INVESTOR] JEJU ISLAND -- Song Chi-hyung, founder and chairman of Dunamu , operator of Korea’s largest cryptocurrency exchange Upbit, believes there will be a blockchain-based service that could become mainstream in the next couple of years, like Google or Amazon for internet. “Just like ...
September 13, 2018
[Q&A] Upbit skeptical of own coin launch

[THE INVESTOR] JEJU ISLAND -- Lee Sir-goo, CEO of Dunamu , operator of one of the nation’s top three cryptocurrency exchanges Upbit, dismissed speculations that the firm could seek to launch its initial coin offering like its Chinese rivals. “We are not considering an ICO for now,” Lee told ...
September 12, 2018
EtherLab holds blockchain conference in Seoul

[THE INVESTOR] Seoul-based blockchain consulting firms EtherLab and Viral Nation successfully held a blockchain conference The Wall in Seoul recently. It was a sideline event at Digital Media City Festival 2018 -- held on Sept. 5-9 in Sangam, a southeastern district of the city -- which featured ...
September 12, 2018
Modular blockchain platform NULS makes Korean debut

[THE INVESTOR] Chinese blockchain company NULS is seeking a coin listing in Korea this year, luring local tech firms to join its modular blockchain platform that it believes will help them reduce time and money for incorporating the technology in their business. The firm on Sept. 11 held a confer...

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