Altcoins
S.Korea court to settle MIR4 maker Wemade, WEMIX legal battle
Following a hearing on Friday, the court is expected to finalize its decision on an injunction Wemade filed against four exchanges.
Danny Park
Lens
South Korea
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Investment Insights
S. Korea energy conglomerate builds US$84 mln metaverse fund
Daesung’s venture capital subsidiary recently established a fund worth 110 billion Korean won (US$84.5 million) for expanding investments into metaverse startups.
Danny Park
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Altcoins
South Korea’s Shinhan Bank starts ‘metaverse’ services, according to local media
Shinhan has opened a metaverse to provide financial and non-financial services, claiming to be the first bank in the country to provide such a platform.
Danny Park
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Regulation
S.Korea requests warrant to bring Terra-Luna cofounder Daniel Shin into custody
A court in South Korea will review if prosecutors are allowed to arrest and bring Terraform cofounder Daniel Shin and seven others into custody, for charges including fraud.
Danny Park
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Altcoins
S. Korea’s Wemade files injunction against country’s top 4 crypto exchanges
The blockchain game maker fights delisting of its symbolic WEMIX crypto token.
Danny Park
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Uncategorized
S. Korea releases ethical guidelines for the metaverse
South Korea’s science ministry released a guideline of core ethical principles for metaverse application participants.
Danny Park
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Market Analysis
U.S., S. Korea applied for over 75% of world’s metaverse patents: report
Companies based in the U.S. and South Korea have filed for more than 75% of patent applications related to the metaverse, VR and AR.
Danny Park
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Altcoins
S.Korean Wemade’s stock falls 30% after exchanges announce WEMIX token delisting; CEO blames Upbit exchange
The delisting poses a great obstacle to the game maker’s growing blockchain empire, while Wemade’s CEO blames the crypto exchange
Danny Park
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Regulation
S.Korea’s top regulator says digital assets, virtual assets are different
While the crypto industry grapples with the definition of blockchain-based digital tokens, South Korea wants to nail down the terminology.
Danny Park
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Metaverse Platforms
S.Korea’s Ifland metaverse launches globally in 49 countries
South Korea’s telecommunications giant SK Telecom (SKT) is launching its Ifland metaverse in 49 countries in North America, Europe, the Middle East and Asia.
Danny Park
