Crypto News 

Report: South Korean Crypto Exchanges Overtake Maltese Ones by Daily Trade Volume

“Cryptocurrency exchanges registered in South Korea have overtaken their Maltese-registered counterparts by average daily trade volume in November” writes Ana Berman for cointelegraph.com. November in South Korea was also marked by the shutting down of a local crypto exchange Zeniex.The reason behind the switch might be that in November, Bithumb — a major South Korean exchange — allegedly overtook Binance as the top exchange in terms of daily trade volume.The November edition of CCCAGG, a monthly crypto exchange review published by CryptoCompare, shows that South Korean exchanges, including Bithumb, Coinone,…

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News 

Samsung to build 5G and V2X networks for autonomous car tests at South Korea’s K-City

“Samsung is collaborating with the Korea Transportation Safety Authority (KOTSA) to develop mobile network infrastructure for autonomous vehicles at the recently opened K-City test facility” writes Paul Sawers for venturebeat.com. Effectively, 5G will be the biggest enabler of artificial intelligence (AI) and many other technologies across the smart city and autonomous vehicle spectrum. Source: venturebeat.com Share This:

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Hyundai, South Korea eye deal on low-cost carmaking venture despite union dissent

“The Gwangju city was scheduled to meet on Wednesday with labor and business group officials to gain approval for the preliminary deal” reports businessinsider.com. The plan, which the city government said will create 12,000 jobs, has already met with disapproval from Hyundai and Kia’s labor unions.The project will lead to “bad jobs which bring down workers’ wages by half”, Ha Bu-young, Hyundai Motor’s Korean union chief, said on Wednesday. Source: businessinsider.com Share This:

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Crypto News 

Major South Korea Tech Holding and ConsenSys Sign MoU to Develop Blockchain Business Hub

“SK Holdings C&C is the information technology solutions arm of the SK Group, one of the the largest conglomerates in South Korea” writes Max Yakubowski for cointelegraph.com. South Korean technological holding SK Group has signed a Memorandum of Understanding (MoU) with ConsenSys for blockchain business cooperation, according to a SK Group official press release published today, Dec. 4. In the spring, SK Telecom also announced the release of a new tech platform for linking blockchain startups with investors, as Cointelegraph wrote Apr. 24. Source: cointelegraph.com Share This:

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News Oil 

As Iran supply dries up, South Korea petrochemical firms find new, costly oil sources

“Given its relationships with the U.S. … it would bode well for South Korea … to buy more U.S. oil,” said Shin Hyundon, professor of energy resources at South Korea’s Inha University” writes Midwest Communications Inc for 95kqds.com. Condensate, a type of ultra-light crude oil, is a feedstock for South Korea’s petrochemical industry. Source: 95kqds.com Share This:

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South Korea releases 57 conscientious objectors after landmark ruling on military service

“South Korean authorities released 57 men Friday jailed for refusing mandatory military duty, marking a potential shift in policies to give more options to conscientious objectors for alternative service” writes Min Joo Kim for washingtonpost.com. In June, a constitutional court said the government must introduce alternative civilian service for conscientious objectors. Source: washingtonpost.com Share This:

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Markets News 

South Korea’s central bank just raised interest rates for the first time in a year

“South Korea’s central bank raised its policy interest rate on Friday for the first time in a year in a widely expected move aimed mainly at containing a boom in parts of the country’s property market” writes Seongjoon Cho Bloomberg for cnbc.com. The Bank of Korea’s monetary policy committee increased the base rate, which applies to its seven-day repurchase agreement deals, by 25 basis points to 1.75 percent, a media official at the central bank said without elaborating.”Given the global uncertainties that we’ve had of late, I think the central…

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South Korea indicts group for leaking Samsung display tech to Chinese firm

“A Samsung Display spokesman said the indictment was “regrettable” and that the firm would increase efforts to protect technology” reports businessinsider.com. “Our company has never provided Samsung Display’s industrial technology or business secrets to a Chinese client.Prosecutors said Samsung Display invested 150 billion won over six years to develop the leaked technology of 3D lamination, which they said was “a national core technology”.The logo of Samsung Electronics is seen at its office building in Seoul Thomson Reuters SEOUL (Reuters) – South Korean prosecutors on Thursday said they have indicted nine…

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Markets News 

Anxious South Korean youngsters have lost hope in their future and don’t want to get married — and that’s unexpectedly fueling the country’s $2.5 billion air fragrance industry

“After years of breakneck economic growth, the South Korean economy is suffering from its worst consecutive growth years on record” writes Rachel Premack for businessinsider.com. The fragrance market totaled 2.7 trillion South Korean won (US $2.49 billion) in 2016, according to Sim.But it’s indicative of another trend in which single-person households, along with millennials, are the biggest sector of the home fragrance market, Sim said. Source: businessinsider.com Share This:

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