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Tag: Yoon Suk-yeol

South Korea’s NHN to build blockchain games on Sui

NHN Corporation, a South Korean entertainment conglomerate with over US$2.4 billion in total assets, announced Friday that it has partnered with U.S.-based Mysten Labs,...

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South Korea keeps betting on the metaverse, ignoring the current clunky technology

South Korea’s government set the tone early in 2022 for the country’s interest in getting a lead in the so-called metaverse world, announcing in...

South Korea Plans to Expand Ties With Vietnam Via Metaverse

South Korea wants to improve trade ties with Vietnam via the metaverse. Gyeongbuk will use the metaverse to build economic, trade, and cultural relations....

South Korea’s ‘metaverse’ province says will use virtual platform to expand ties with Vietnam

South Korea’s Gyeongbuk Province plans to use the metaverse to expand economic and other relations with Vietnam, the province’s governor Lee Cheol-woo said on...

LG Electronics Incorporates Digital Assets and Blockchain in Business

LG Electronics Incorporates Digital Assets and Blockchain in Business

On March 24, 2022, the tech powerhouse giant, LG Electronics shared an announcement at the Annual General Meeting.  LG Enters The Crypto Space As part of its expansion plan, the South Korean conglomerate intends to incorporate three areas in its business sectors. These include cryptocurrency (digital assets), blockchain, and medical devices.  During the corporation’s meeting, key shareholders approved of the new business goals. These goals entail the sale of cryptocurrencies and the development of blockchain-based software.  Inspired by Samsung Following the electronics multinational corporation Samsung’s venture into the NFT space, LG Electronics also expressed its piquing interest in the virtual world.  Last month, LG Electronics partnered with GroundX, a blockchain platform. The move was initiated with the objective of offering users an immersive NFT experience on their smart televisions.  With the latest announcement, LG can install NFT platforms that enable the trade of NFT artworks (collectibles) on LG’s smart television. Additionally, the company introduces another application as well. Drops Gallery, a digital art application allows people with smart TVs to enjoy rare digital artworks and cloud game services.  Ever-Evolving South Korean Crypto Market Leading multinational tech giants of South Korea including LG, Samsung, and the SK Group are reportedly expanding enormously in the crypto and blockchain markets. Samsung and LG have built their presence in digitized markets with the introduction of crypto, NFT, and blockchain features on their products.  The South Korean President Yoon Suk-yeol guarantees deregulation of crypto, reduction of tax, and a push towards the NFT sector. Thereby, under the rule of the crypto-friendly South Korean President, it is guaranteed that crypto adoption will surely flourish in the East Asian country.

The post LG Electronics Incorporates Digital Assets and Blockchain in Business appeared first on Cryptoknowmics-Crypto News and Media Platform.

South Korean Pro-Crypto Candidate Yoon Suk-yeol Becomes President

South Korea has elected the pro-crypto, conservative candidate Yoon Suk-yeol as their nation’s next president.  According to a report by The Block, citing data from the BBC’s coverage, Yoon and his opposition People Power Party won the presidential election by a margin of less than 1% of votes. Yoon’s presidential election win presents potential ramifications […]

Bitcoin (BTC) Price Prediction: BTC/USD Reaches Oversold Region as Bitcoin Hovers Above $38K

  BTC Price Fluctuates Between $37K and $45K as Bitcoin Hovers Above $38K– March 11, 2022 On March 10, BTC/USD declined below the moving averages [...]

South Korea Elects Crypto-Friendly President Who Vows to Deregulate Digital Asset Industry

south-korea-elects-crypto-friendly-president-who-vows-to-deregulate-digital-asset-industry

South Korean voters have elected a crypto-friendly president. Yoon Suk-yeol of the conservative People Power Party has vowed to deregulate the crypto industry and introduce favorable tax laws for crypto investors. “To realize the unlimited potential of the virtual asset market, we must overhaul regulations that are far from reality and unreasonable,” he said. South…

The post South Korea Elects Crypto-Friendly President Who Vows to Deregulate Digital Asset Industry appeared first on Bitcoin News Miner.

Pro-crypto Candidate Yoon Suk-Yeol Wins South Korea’s Presidency

South Korea is set to have a new president in May following a win by Yoon Suk-Yeol who platformed on crypto deregulation, among other issues

The post Pro-crypto Candidate Yoon Suk-Yeol Wins South Korea’s Presidency appeared first on Blockworks.

A crypto bull wins the presidency: What it means for South Korea

ICOs, revamped taxation, and investor protection reverse a past crypto reluctance under the incoming administration.

Turns Out Crypto (Mostly) Liked the Executive Order

March 10, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ Samuel Reed, the third founder of BitMEX, pled guilty to violating[...]

The post Turns Out Crypto (Mostly) Liked the Executive Order appeared first on Unchained Podcast.

Pro-Bitcoin And Crypto Politician Yoon Suk-yeol Elected To Be Next President Of South Korea

Yoon Suk-yeol won the closest South Korean election in history with promises to deregulate bitcoin and crypto while easing tax burdens.

South Korea Becomes Next Country Led By A Pro-Crypto President

Two crypto-friendly candidates fought in a very close election for the South Korean presidency, with Yoon Suk-yeol coming out on top.  S.K presidential candidate Yoon Seokryul is elected as president yesterday. As mentioned in the "startup policy talk" held on ICONLOOP Lounge in the past, we look forward to various policies for the regulation and […]

The post South Korea Becomes Next Country Led By A Pro-Crypto President appeared first on CryptoCoin.News.

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