NFT games have edge over ‘money in, no money out’ games: Polygon's Urvit Goel

NFT gaming business models could represent an attractive innovation for gaming publishers as they begin to make more of their titles available to play on blockchain. Polygon’s VP of Global Business Development for gaming Urvit Goel believes games that integrate nonfungible tokens (NFTs) have a natural edge on traditional games that don’t allow users to sell their in-game items.Goel spoke candidly with Cointelegraph in Seoul last week about Polygon’s (MATIC) push toward helping NFT games proliferate and why game publishers in South Korea like Neowiz and Nexon are diving headfirst into the space.One of the main arguments Goel made is that the traditional business model that NFT games are competing against may be inherently weaker.

South Korea Arrests 3 Suspects in $3.4 Billion worth Crypto-related Probe

South Korean prosecutors on Thursday arrested three people in a probe of $3.4 billion worth of foreign-exchange transactions for possible connections to illegal crypto-related crimes.

South Korea's financial watchdog wants to 'quickly' review crypto legislation: Report

The FSC will reportedly “make institutional supplements that will take a balanced approach to blockchain development, investor protection, and market stability" on bills proposed. The chair of South Korea’s Financial Services Commission said the regulator plans to expedite its review of 13 bills pending in the country’s National Assembly related to digital assets.According to a Thursday report from South Korean news outlet Edaily, Financial Services Commission chair Kim Joo-hyun said a task force consisting of private experts and government ministries will “quickly” review proposed legislation on cryptocurrencies.

1inch plugs into Klaytn as Asia continues to climb aboard

The 1inch Network has integrated its aggregation and limit order protocols to the burgeoning Klaytn blockchain mainnet. South Korea's most popular metaverse blockchain Klaytn is set to benefit from deeper liquidity and improved token swaps through a new partnership with decentralized finance (DeFi) protocol 1inch Network.Klaytn has enjoyed success in South Korea as the country continues to see prolific nonfungible token (NFT) and GameFi use.

Axie Infinity looking to 'double-down' on Korean market: KBW

Sky Mavis co-founder and growth lead Jeffrey Zirlin says Axie Infinity wants to double down in South Korea, which they see as one of the most important gaming markets in the world. Sky Mavis, the firm behind Play-to-Earn (P2E) heavyweight Axie Infinity is looking to “double down” in South Korea and ramp up adoption despite the regulatory hurdles.

CryptoCom Secures a Regulatory Approval in South Korea

CryptoCom doubled down on its global expansion efforts by completing a Virtual Asset Service Provider registration in South Korea.

Crypto.com Expands Into South Korea Via Two New Acquisitions

Seeing the future in crypto markets, Crypto.com recently unveiled an acquisition plan for expanding to South Korea.

Crypto.com Aims at Expansion in South Korea amid Crypto Meltdown

Singapore-based crypto exchange Crypto.com has been on an expansion drive, with its latest bet being in South Korea.

KBW 2022: Crypto.com hits key regulatory milestone in South Korea

“This is an exciting next step for Crypto.com in an important market,” said co-founder and CEO Kris Marszalek. Crypto exchange Crypto.com has announced a key regulatory milestone in South Korea after securing two local companies, giving it access to crypto and payments registration.The announcement came during Korea Blockchain Week 2022 after the company announced the acquisition of payment service provider 'PnLink Co.

South Korean Authorities Issued a Notice Upon Arrival to Do Kwon (Report)

Once returning to South Korea, Do Kwon will be reportedly obliged to inform the relevant authorities and face all accusations against him.

Klaytn Protocol KLAP to Launch KLAP Token to Power DeFi Lending

[PRESS RELEASE – Seoul, South Korea, 26th July 2022] KLAP (Klaytn Lending Application), a DeFi protocol operating on the Klaytn blockchain, is set to launch its native token.

South Korea Postpones Proposed 20% Crypto Tax until 2025

South Korean lawmakers have once again postponed the implementation of the crypto tax law until 2025.

South Korea Proposes to Defer Planned Crypto Tax Until 2025 

The proposal is in line with new President Yoon Suk-yeol’s view that taxation on crypto earnings should come after the market infrastructure is in place.

South Korea: The LUNA investigation is leading the FSC to check...

Financial watchdogs in South Korea are checking commercial banks' foreign exchange transactions for the illegitimate use of cryptocurrencies. An unnamed Financial Supervisory Service official said The post South Korea: The LUNA investigation is leading the FSC to check...

South Korea postpones 20% tax on crypto gains to 2025

The delay comes just a couple of months after newly elected president Yoon Suk-yeol promised to work on regulations first.

Prosecutors Raid Crypto Exchanges amid Terra Probe: Report

South Korean regulators have reportedly raided entities that are connected with Terraform Labs as another effort in the ongoing investigation of the case.

South Korean authorities raid 15 entities linked to Terra collapse: Report

The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit and Copax, among others on Wednesday. Prosecutors in South Korea behind the investigation of Terraform Labs have reportedly executed a search and seizure in 15 firms, including seven crypto exchanges.According to a Wednesday report from News1 Korea, the Joint Financial and Securities Crime Investigation Team of the Seoul Southern District Prosecutors Office raided the offices of Upbit, Bithumb, Coinone, Korbit and Copax as well as other businesses connected to the collapse of Terra.

Henry Chang: The Most Dedicated CEO in South Korea, Leads Wemade to New Heights

Wemade (a pioneer South Korean game developer and publisher) announced on July 12th that its CEO Henry Chang exercised his stock options and bought 223,504 shares for an astonishing USD 2.67 million (KRW 3,5 billion) and did not sell a single share.