South Korea News News South Korea » Government: South Korea launches blockchain payment pilot to curb misuse of public funds
The South Korean government has introduced a blockchain payment system aimed at stopping the misuse of public funds and modernizing its financial infrastructure. This is the second time the nation ...
News South Korea » Government: South Korea to test blockchain deposit tokens for government spending in Q4
Token-based payments can be programmed with spending limits and which industries can use them, reducing audits and lowering transaction fees by removing intermediaries.
News South Korea » Government: South Korea to pilot tokenized deposits for government spending
South Korea’s Ministry of Economy and Finance (MOEF) is preparing to test blockchain-based payments for certain government expenses under a regulatory sandbox exploring distributed ledger technology ...
News South Korea » Government: South Korea to restrict subsidies for imported electric vehicles
The South Korean government plans to introduce a new scoring system for promoting electric vehicles. The system prioritises the country's domestic industry, ...
News South Korea » Government: South Korean minister vows to expand legal remedies for adoptees and other rights victims
South Korea's justice minister has pledged to expand access to judicial remedies for victims of state-led abuses, including foreign adoptees whose adoptions were marred by widespread fraud under ...
News South Korea » Government: South Korea moves to stabilize farm supplies amid price risks
S. Korea has secured stable supplies of agricultural fertilizer through July and is expanding subsidies to offset rising costs farming materials.
News South Korea » Government: Ripple and Kyobo Life Insurance Launch Blockchain Bond Settlement Trial in South Korea
Kyobo Life Insurance partners with Ripple to pilot tokenized Korean government bond settlement, targeting real-time execution using blockchain technology.
News South Korea » Government: South Korea Tests Blockchain-Based Deposit Tokens for Government Payments
South Korea pilots Deposit Token system to replace government cards using blockchain, targeting improved transparency and efficiency in public spending.
News South Korea » Government: South Korea Shifts to Crisis Mode as Iran Oil Shock Intensifies
South Korea is stepping up contingency planning for a worst-case Middle East scenario, with Prime Minister Kim Min-seok warning that the government must strengthen its preemptive response systems as ...
News South Korea » Government: South Korea's Lee warns Iran war to keep oil price high, orders quick aid rollout
By Joyce Lee SEOUL, April 14 (Reuters) - South Korean President Lee Jae Myung said that rising tensions around the Strait of Hormuz made it hard to be optimistic about the fallout from the Iran war, ...
News South Korea » Government: South Korea, Vietnam leaders to meet in Hanoi next week, sources say
Vietnam's president To Lam is set to meet his South Korean counterpart Lee Jae Myung in Hanoi next week, five people familiar with the matter said.
News South Korea » Government: South Korean government intervenes in PC pricing apocalypse
But as for South Korea, the government there also plans to make it easy and free to transfer surplus PCs from state agencies to local governments. A government official explained, "It is estimated ...