Metaverse Platforms
South Korea wants to be the physical home of the metaverse
The tech-savvy nation is deemed a prime environment to grow the metaverse. What comes next, and will some be left out by a digital divide?
Danny Park
Lens
South Korea
-
Regulation
Interpol issues ‘purple notice’ on Bitcoin phishing case in S.Korea: reports
South Korean police have provided global police agency Interpol with information on a crypto-related voice phishing case after receiving a purple notice on two international crimes that victimized locals, according to local media reports. Fast facts Last May, an individual was reported to be disguised as a public prosecutor to convince a victim to buy […]
Danny Park
-
Regulation
S.Korea adds crypto to annual finance survey as household asset
South Korea’s statistics bureau announced on Sunday that it will include virtual assets in its annual household finances report, which can set the stage for incoming crypto tax rules next year. Fast facts Statistics Korea (KOSTAT) will sample 20,000 households on their crypto holdings valued on March 31, but the survey results will not be […]
Danny Park
-
NFT Marketplaces
NFTs and music: Is the fan outcry over NFTs’ environmental impact warranted? | Part 4
K-pop fans are waging online campaigns against their favorite artists over NFTs, denouncing the technology’s carbon footprint. How polluting are NFTs?
Timmy Shen
-
Regulation
Crypto investors are being wooed in South Korea’s tight presidential election
The top contenders jockey for position on initial coin offerings and other blockchain-based innovations. How did crypto become a critical factor in the race?
Danny Park
-
Metaverse Platforms
S.Korea aims to conquer the metaverse in its five-year strategy
South Korea’s science ministry announced on Thursday a five-year strategy to lead the global metaverse race. Fast facts South Korea aims to produce 40,000 experts in the metaverse field to propel the nation into the ranks of the five leading nations in the global metaverse market. South Korea’s Ministry of Science and ICT (MSIT) said […]
Danny Park
-
Industry Leader Insights
Hyundai Card VP: Crypto’s ‘tulip mania’ stage is passing
Hyundai Card vice president Chung Tae-young said on Wednesday the rise of NFTs (non-fungible tokens) and the metaverse is helping crypto to move past the Dutch tulip mania stage. Fast facts “Although there might be ups and downs, it seems cryptocurrencies are passing the ‘Dutch tulip stage,’” Chung wrote in a Facebook post. Hyundai Card, […]
Danny Park
-
Metaverse Events
S. Korean broadcaster KBS opens metaverse studio for 2022 election
South Korean public broadcaster KBS launched a recreation of its Seoul studio compound on Naver’s Zepeto metaverse on Tuesday, to promote coverage of the upcoming March 9 presidential election. Fast facts Visitors can enter and experience the digital replica of the broadcaster’s news studio, stage sets, take quizzes about the election, stroll around the history […]
Danny Park
-
Regulation
S. Korean lawmaker takes Bitcoin donations, issues receipts in NFTs
South Korean lawmaker Lee Kwang-jae announced on Sunday that he has started accepting political donations in cryptocurrencies. Fast facts Donors can use Bitcoin, Ethereum, Kakao’s KLAY, media industry-focused NEWS, and payments-focused Paycoin, while receipts can be issued as non-fungible tokens (NFTs), according to Lee’s website. The first donor was an anonymous professional from the blockchain […]
Danny Park
-
Regulation
S. Korean prosecutors seek life sentence for crypto execs in fraud case
Prosecutors in South Korea are demanding life sentences for seven former executives of a now-defunct cryptocurrency exchange who were charged with defrauding investors of just under US$1.9 billion. The executives are not yet convicted, and the trial judge will deliver a verdict on Feb. 11. Fast facts The executives of V Global allegedly took about […]
Danny Park
