Kakao Pay pushes back planned $1.3 billion IPO to November

SEOUL (Reuters) -South Korean financial technology firm Kakao Pay Corp said on Friday it had decided to push back its planned initial public offering, worth as much as 1.5 trillion won ($1.28 billion), to November from October. The news comes a day before the revised Financial Consumer Protection Act fully goes into effect, requiring financial… Continue reading Kakao Pay pushes back planned $1.3 billion IPO to November

S.Korea's Kakao Bank IPO to raise $2.2 billion after pricing at top of range

SEOUL (Reuters) -South Korean digital bank Kakao Bank Corp will raise $2.2 billion in its initial public offering (IPO), the company said in a filing on Thursday. The shares were priced at 39,000 won each, the top of the range announced in a regulatory filing this month, to raise about 2.6 trillion won ($2.22 billion).… Continue reading S.Korea's Kakao Bank IPO to raise $2.2 billion after pricing at top of range

Kakao's Klay Cryptocurrency Set for Listing on Upbit Indonesia

South Korean messaging giant Kakao is set to list its cryptocurrency token Klay on Upbit Indonesia. Klay Token Gets First Cryptocurrency Exchange Listing According to The Korea Times, Upbit Indonesia will be the first cryptocurrency exchange to list the Klay token. News first emerged of a possible listing earlier in September with a focus on… Continue reading Kakao's Klay Cryptocurrency Set for Listing on Upbit Indonesia

Israeli Blockchain Startup Orbs Opens South Korea Office; Partners with Kakao Subsidiary Ground X

Blockchain startup Orbs is expanding into South Korea with the opening of its Seoul headquarters, the company’s first office outside of Israel, and a Memorandum of Understanding (MoU) freshly signed with Kakao’s blockchain subsidiary Ground X for research, development and business cooperation. Orbs is building a hybrid blockchain with built-in interoperability features that complements and… Continue reading Israeli Blockchain Startup Orbs Opens South Korea Office; Partners with Kakao Subsidiary Ground X

Kakao Messenger Scoping For Partners In Blockchain Services For Its Ground X Corp

Ground X Corp,the blockchain Kakao startup is in the market ,hunting for established blockchain players who will fund its growth in Asia. For this purpose, it is seeking out consumer-service companies to build capital and business alliances. Kakao is a South Korean messenger app with over 50 million users each month and is exploring avenues… Continue reading Kakao Messenger Scoping For Partners In Blockchain Services For Its Ground X Corp

Blockchain Apps Take Over South Korea

Blockchain apps are an integral part of the sprawling tech landscape in South Korea. The technology behind Bitcoin is no longer the exclusive preserve of the finance world in the country. From gaming to fitness, app developers compete against each other to capture the attention and imagination of the public. Fierce Competition Among IT Giants… Continue reading Blockchain Apps Take Over South Korea

Controversy Looms Over Bithumb Coins

South Korean cryptocurrency exchange Bithumb is reportedly re-evaluating its strategy to launch its own coins through a corporation in Singapore, following news of fraud that could have serious side effects to both companies. Under the current laws, Bithumb coins will still be subject to Korean regulation whether launched abroad or not. Bithumb’s ICO One of South… Continue reading Controversy Looms Over Bithumb Coins

System Error at Korean Crypto Exchange Gave Users Free Coins

A South Korean cryptocurrency exchange said it suffered an internal system error which affected withdrawals. The exchange claimed that users were able to withdraw five times the number of coins they requested. It is asking for the coins back, and will seek civil liabilities and damages from users who do not voluntarily return the coins.… Continue reading System Error at Korean Crypto Exchange Gave Users Free Coins