Metaverse Platforms
A virtual K-pop girl group aims for the metaverse
South Korean mobile game developer Netmarble to create a virtual K-pop idol group under partnership with internet giant Kakao group using meta-human technologies.
Danny Park
Contributor
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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Regulation
S. Korea’s top financial regulator accused of giving special treatment to Upbit
A lawmaker claims authorities gave the country’s largest crypto exchange privilege in meeting government requirements.
Danny Park
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Metaverse Platforms
South Korean theme park Lotte World opens on metaverse
Lotte World Adventure, one of the most popular South Korean amusement parks, is opening a virtual replica on Naver’s Zepeto metaverse. Fast facts Lotte World Adventure constructed “Magic Island,” its outdoor section of the park, onto the Zepeto metaverse, which opens tonight at 6 p.m. Korea time. Upon entering the Lotte World map on the […]
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Regulation
South Korean crypto exchanges look for new revenue sources
After iron-fisted regulations closed down many exchanges, remaining trading platforms look for alternatives to transaction fees.
Danny Park
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Regulatory News
Samsung Next, others grow blockchain portfolio despite tightened South Korea regulations
Conglomerates including Samsung continue to invest in blockchain and crypto startups despite a government crackdown on the industry.
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Regulation
20% crypto tax is critical issue in next South Korea presidential election
Candidates and possible contenders in South Korea’s next presidential election call for delaying a plan to tax virtual assets — currently scheduled to begin in January — in a bid to appeal to millennial and Generation Z voters. Fast facts Lawmakers from both the ruling democratic party and the opposition party have spoken out against […]
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NFTs and Art
Hong Kong exhibition to showcase NFTs for good causes
An NFT art exhibition demonstrates how digital tokens can be used to promote United Nations sustainability goals.
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Regulatory News
South Korean crypto exchange toughens anti-money laundering efforts
Coinone, one of South Korea’s major cryptocurrency exchanges, is creating a new center to strengthen its anti-money laundering capabilities. Fast facts Coinone announced yesterday it has established an anti-money laundering (AML) center and is making Suspicious Transaction Reports (STRs) to financial authorities. Coinone’s AML Center, along with its partner NH Nonghyup Bank, will conduct know-your-customer […]
Danny Park
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NFT Marketplaces
‘Squid Game’ NFTs being traded on OpenSea
An unidentified NFT (non-fungible token) creator with user name 9194C0 on digital marketplace OpenSea has created nearly 2,000 NFTs that replicate the globally popular Netflix series ‘Squid Game’ with some being traded for more than 1 ETH. Fast facts The NFTs replicate a card that appears on the television series inviting the protagonist to join […]
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NFTs and Gaming
Samsung backs blockchain-based gaming, invests in Axie Infinity
South Korean conglomerate Samsung is increasingly involved in the burgeoning world of blockchain-based gaming, while within Korea, games with blockchain elements are banned from official release in the country. Fast facts Samsung Next, the tech giant’s investment subsidiary, participated in a US$152 million Series B round of Sky Mavis, the Vietnam-based blockchain game company and […]
Danny Park
