Korea

Kakao Sets up Non-Profit Entity in Singapore To Lead Klaytn Blockchain’s Expansion

South Korean Internet giant Kakao has set up a non-profit entity headquartered in Singapore named the Klaytn Foundation to accelerate the sustainable growth of Klaytn blockchain and its ecosystem. Klaytn is a service-centric blockchain platform that was previously led by

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GME Remittance Joins RippleNet for Payments Push From South Korea to Thailand

Global Money Express (GME Remittance), a non-bank remittance service provider in South Korea, has joined Ripple‘s blockchain-based payments network, RippleNet to accelerate and scale payments from South Korea to Thailand. This partnership was established through SBI Ripple Asia, a joint

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F10 Partners Seoul Fintech Lab, K Accelerator for South Korean Expansion

Fintech startup incubator and accelerator F10 has partnered with Seoul Fintech Lab which is funded by the Seoul Metropolitan Government and K accelerator, a fintech support center based in Seoul, to expand its incubation programme to South Korea. The programme

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Digital Risks Of Mobile Apps Are On The Rise

Recently, a security firm looked into the apps available on Google Play Store and the App store stated that over 85% of those apps violates at least one security risk. About half of these applications had insecure data storage or

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Korea Launches Fintech and Cybersecurity Focused Startup Centre in Singapore

The K-Startup Centre (KSC) in Singapore, the first Korean startup centre in Southeast Asia, was officially launched today by South Korea’s Ministry of SMEs and Startups (MSS). They said it is a reflection of the strong interest among the Korean

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Raising US$90 Mil From a Private Round, Kakao’s Ground X Now Opens ICO to The Public

Kakao Group just raised US$90 million in a private coin offering to bolster Ground X, its blockchain development arm—and the company is already eyeing its next funding round. According to Jason Han, CEO of Kakao’s Group X, the initial funding

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LINE Acquires Online Security Research Center

LINE Plus Corporation (the chat app) announced last week that it has acquired GrayHash, an online security research center specializing in “offensive research” and counter-hacking techniques. With the acquisition, the Korea-based GrayHash has been renamed GrayLab and tasked with developing

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South Korea’s First Blockchain-Powered Remittance Service to Thailand and Philippines

This month Coinone Transfer, a payments business and a subsidiary of Coinone, introduced South Korea’s first blockchain-powered remittance mobile app and web service called Cross — offering faster, lower cost payments to Thailand and the Philippines. Unlike other remittance options in South

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9 Finalist for 2nd World Innovative Contribution Awards in Korea

On November 20th the WFPL announced in Seoul 9 finalists for the World Innovative Contribution Awards (WIC) which will be hosted by the World Federation of Power Leaders. This will take place at the main Auditorium Hall of the National

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Korean Gaming Scene Sees Major Capital Injection

It seems like every day that another gaming company is receiving a 100-million-dollar capital injection from a major tech overlord or private investor. Korea’s Long, Booming Relationship with Gaming The amount of investment that is piling into the Korean gaming

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