Articles by

Danny Park

Danny is a journalist at Forkast.News. Originally from South Korea, Danny has produced content for media companies in Korea, Hong Kong and China. He holds a Bachelor of Journalism and Business Marketing from the University of Hong Kong.

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September 2022

South Korea’s industrial city to reinvent itself in the metaverse

Changwon is the latest addition to South Korea’s growing list of cities seeking a presence in the metaverse, signaling the country’s adoption of Web3.

Interpol issues red notice for Do Kwon, says South Korean prosecutor

South Korea is pursuing different options to get custody of Do Kwon as the Terraform Labs CEO faces charges for his alleged involvement in the multibillion collapse of the Terra-LUNA stablecoin project.

South Korea’s Busan city wants to be blockchain central. Did everyone get the memo?

The coastal city was a prominent manufacturer of footwear, fabric and other light industries during the 1970s and 80s, and then grew into one of the world’s biggest container ports. Now it’s trying to reinvent itself in the digital world of blockchain.

Girl group AKB48’s producer to launch metaverse idol; IEO in the works

J-pop is increasing ties with immersive metaverse technology, with Japan’s top record producer Akimoto recently announcing his ambitious virtual idol project.

South Korea unlikely to push out crypto regulation before the U.S., authority says

South Korea’s top financial watchdog Monday said it is difficult for the country to establish laws overseeing the cryptocurrency industry in the country ahead of a common global regulatory framework as cross-border enforcement would be a key determinant of effectiveness.

For South Korea, making Do Kwon pay for his alleged crimes easier said than done

A member of the prosecuting team tells Forkast additional charges are likely to be leveled against Terraform Labs Chief Executive Officer Do Kwon following this week’s issuance of an arrest warrant for violating the country’s Capital Markets Act.

Terra CEO Do Kwon faces ‘illegal alien’ status in Singapore as Seoul cancels passport

Prosecutors investigating the man behind the US$37 billion wipeout of the Terra-LUNA cryptocurrency project are raising the stakes to get him back to South Korea.

Securities or not? South Korea to evaluate Terra’s LUNA token

Identifying characteristics of securities in Terra’s tokens could help South Korea with new charges on Terraform Labs and CEO Do Kwon.

Starbucks brewing NFT customer loyalty platform, so are smaller coffee shop chains

The largest coffeehouse chain in the world recently announced a new non-fungible token platform, while other coffee chains have eyed the technology long before.

NEAR Foundation, Forkast announces Women In Web3 winners

The eleven winners highlight the achievements and importance of women in the burgeoning Web3 space.

How will crypto exchanges handle Ether post-Merge? Alphalab has a chart for that

Singapore-based crypto trader Alphalab Capital put together charts to show investors how different exchanges plan to handle Ether after the Merge. Note, some exchanges declined to comment.

Crypto could pose ‘major’ risk to S.Korea’s financial stability, think tank says

The country’s growing ties to crypto could expose its financial sector to volatility and ‘damage its credibility,’ a researcher says.

South Korea’s taxman keeps circling crypto – airdrops look to be the next target

South Korea last week said crypto token airdrops are subject to a gift tax of as much as 50% under existing laws, but what is the likelihood this rule can be applied to digital holdings?

FastForkast headlines

Dunamu looks to K-pop group BTS NFTs to beat ‘Crypto Winter’

Japanese banking giant Nomura’s crypto unit to be based in Switzerland

South Korea seizes US$184 mln in crypto towards unpaid taxes

Naver and LINE launch NFT platform for K-pop fans

South Korea and Meta to ramp up metaverse safety

S.Korea finance regulator: crypto can be subject to capital markets law

South Korea will not rule the metaverse with game laws, science ministry says

South Korea’s Seongnam city to provide citizenship rights through NFTs

South Korea issues arrest warrant for Terraform Labs CEO Do Kwon

Should K-pop’s BTS get pass on military duty? Metaverse jury still out

Huobi becomes third global exchange to sign with S.Korea’s Busan city

S.Korean man sentenced to four years for sexual abuse in metaverse

S.Korea to set up securities market for crypto tokens

Markets: Bitcoin, Ether, Solana, Cardano, XRP extend gains on the day

SK Telecom’s Ifland metaverse adds cashable in-app economy

S.Korea TV network partners with metaverse gaming platform The Sandbox

Cardano’s Vasil hard fork upgrade confirmed for Sept. 22

Markets: Bitcoin, Ether, Cardano, Doge gain; Celsius token jumps amid refund reports

Naver’s Zepeto metaverse teams with Thailand’s telecom giant True

Crypto lender Celsius to return US$50 mln to locked out users

Markets: Bitcoin, Ether, Cardano slip; remnants of Terra – USTC and LUNC – jump

LG Electronics to launch Hedera-based crypto wallet

September 2022

Korea Blockchain Week points to games leading the way into a Web3 savvy world

Follow the money? Korea Blockchain Week concludes this weekend in Seoul and one of the overarching themes is enthusiasm for blockchain-based gaming as the key to opening up a Web3 world to a broader audience.

Klaytn chief says reducing ‘human elements’ can prevent hacks

After high-profile cyberattacks on decentralized apps, the blockchain industry is in a hurry to ramp up security. Sam Sangmin Seo, head of Klaytn, tells Forkast that minimizing human error may be the key.

South Korea’s all-encompassing crypto law is coming — what we know so far

Lawmakers are pulling together regulations for trading in digital assets. If all goes to plan, the so-called Digital Asset Basic Act will be in shape by the first half of 2023.

FastForkast headlines

LG Electronics to launch Hedera-based crypto wallet

FTX agrees to help South Korea’s Busan build its own crypto exchange

Bank of Korea to institutionalize ICOs in new crypto law

Operating profit at Upbit parent Dunamu drops 70%

S.Korea’s internet-only KakaoBank partners with crypto exchange Coinone

S.Korea’s science ministry announces ethical principles for the metaverse

Grayscale says XLM, ZEC and ZEN may be securities after SEC inquiry

Binance to help S. Korea’s Busan build first city-backed exchange

SBF denies FTX Ventures merger with Alameda’s crypto VC

BTC miner Whinstone countersues Japan’s GMO Internet for US$15 mln

Markets: Bitcoin, Ether bounce back; XRP climbs, Ether Classic jumps, Ankr gains on staking

South Korea’s top financial regulator to accelerate new crypto legislation

Naver’s Zepeto metaverse starts blockchain initiative with Solana

Issue tokens later for growth, not for initial fundraising, advises Binance chief Changpeng Zhao

Wemade CEO expects South Korea to lift ‘absurd’ ban on P2E next year

NFT gaming to drive wider blockchain adoption, Immutable cofounder says

Mythical Games CEO says ‘play-and-own’ is the way to go for P2E games

Polygon cofounder says bear market is an opportunity for blockchain builders

‘The Merge’ can make crypto payments mainstream again: Vitalik Buterin

Blockchain is needed for metaverse interoperability: Klaytn

Ethereum Classic’s ‘Merge’ surge not expected to last: report

S.Korea’s Bithumb links system with Samsung Securities, mobile apps

S.Korea’s Hashed plans new VC fund round after losing US$3.6B in Terra LUNA, K-pop agency Fantagio enter joint NFT venture

Cardano users said to be indirectly affected by Nomad’s US$200 mln exploit

More than 300 addresses said to perpetrate Nomad’s US$200 mln exploit

Nomad Bridge alerts law enforcement amid US$200 mln attack

Bitcoin, Ethereum fall in Tuesday evening trade in Asia

MetaKongz NFT prices drop on OpenSea over internal conflicts

ETH crosses Bitcoin in options market for first time in history

Vitalik Buterin calls MicroStrategy’s Michael Saylor a ‘total clown’

S.Korea Busan Bank employee allegedly embezzles US$1.1 mln to invest in Bitcoin

August 2022

FastForkast headlines

S.Korea Busan Bank employee allegedly embezzles US$1.1 mln to invest in Bitcoin

Harmony’s compensation plan upsets hack victims