CRYPTOCURRENCY
Kakao Affiliates Face Probe Over Crypto Misappropriation Allegations
Prosecution delves into allegations of cryptocurrency embezzlement & breach of trust against ex-Kakao chairman & affiliate executives, marking the start of a formal inquiry with the examination of the complainant on Oct 11.
South Korea Sees Surge in New Blockchain Platforms for Trading of Unlisted Stocks
South Korea’s progressive-thinking and liberal attitude on blockchain technology and cryptocurrencies got another boost on May 11. Industry sources revealed the upcoming launch of two new blockchain-based exchanges to bolster the financial trading of unlisted equities.
Kakao Plans to Launch Crypto Wallet in the First Quarter of 2020
Kakao’s Co-Chairman, Yeo Min-soo, said that the company is planning to launch its cryptocurrency wallet called Klip in the first quarter of 2020 in his speech during the Klaytn Governance Council Summit in Seoul. Klip will allow users to store their Klay, Klaytn cryptocurrency, and Klaytn-based cryptocurrencies, which will be available for use in various ways in their daily lives.
Korean Businesses Come Together to Form Massive Blockchain Council Similar to Libra's
Korea’s internet giant Kakao is bringing crypto and blockchain adoption to the Asian markets. A huge consortium of financial giants and big brands has joined together to form a Governance Council relating to all matters blockchain.
Klaytn's Governance Council: Bringing Enterprises and Institutions Together on Blockchain
In part 1 of our interview with Zachary Keats of Klaytn, Kakao’s blockchain development arm, we explored Klaytn and Kakao’s dominance in the online and digital community in South Korea. Although Kakao gives Klaytn a large audience and participant pool in South Korea, what other attributes does Klaytn have that makes it an exceptional blockchain?
The Story Behind Kakao and Klaytn's Blockchain Dominance in Korea
During Hong Kong Fintech Week 2019 held on Nov. 4-8, Zachary Keats, the Director of Corporate Development at Klaytn and Ground X, shared his insights on blockchain adoption initiatives in Korea. Kakao, a South Korean internet company offering a platform of services including messaging, cab-hailing, and payments, has developed Klaytn, the blockchain business arm of the company.