Contributor
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.
Advanced Blockchain Technologies
A South Korean tech company is partnering with the largest organization of professional journalists in the country to develop digital tools and techniques to tackle problems in the journalism industry. Fast facts Media technology developer PUBLISH recently announced signing a memorandum of understanding (MOU) with the Journalists Association of Korea (JAK), which represents over 11,000 […]
Danny Park
DeFi News
As South Korea’s ongoing efforts at regulating cryptocurrency continues, a top financial services official said DeFi (decentralized finance) businesses need legal review before they are officially recognized as providers of financial services such as loan-for-consumption. Fast facts At the National Assembly’s annual review, lawmaker Oh Gi-hyoung, member of the National Policy Committee, asked Jeong Eun-bo, Korea’s Financial […]
Danny Park
Regulatory News
South Korea’s finance minister says that while income from virtual asset transactions will be taxed starting Jan. 1, 2022, NFTs (non-fungible tokens) are not to be taxed yet. Fast facts At the National Assembly’s annual review on Wednesday, Minister of Economy and Finance Hong Nam-ki said the government plans to start taxing virtual asset gains […]
Danny Park
Regulation
A lawmaker claims Upbit earned hundreds of millions by listing sketchy cryptocurrencies, while the exchange rebuts that it follows fair and strict standards.
Danny Park
Regulation
Crypto investors say virtual asset gains will be taxed on uneven grounds compared to stock capital gains.
Danny Park
Regulation
The country sees a rise in the amount of illegal currency transactions across the border while the use of virtual assets makes it almost impossible to track down.
Danny Park
NFTs and Gaming
Mobile game company Gamevil buys a large share of crypto platform Coinone, planning to develop blockchain-based gaming.
Danny Park
Regulation
NH Nonghyup is the third bank in South Korea to invest in a virtual asset custody service while they are prohibited from running their own.
Danny Park
Regulation
South Korea’s virtual asset industry is expected to withstand major regulatory reconstruction
Danny Park
Regulation
Around 35 virtual asset exchanges will vanish as of midnight Friday, as the country imposes new rules designed to protect consumers.
Danny Park
