Korean crypto exchange Coinrail loses over $40M in tokens following a hack

Another day, another crypto hack. This time it’s Korea, the crypto-mad Asian country, where an exchange called Coinrail lost more than $40 million in altcoins, ICO-issued tokens that aren’t bitcoin or Ethereum, after it was hit by an apparent attack over the weekend. Korea may be a hot spot for crypto investment, but Coinrail is […]

View More Korean crypto exchange Coinrail loses over $40M in tokens following a hack

Apple hires former Samsung VP in attempt to jumpstart business in Korea

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Can Apple stay afloat in Samsung’s home country? It’s certainly trying. 

The tech company has hired a new general manager for its Korean division who knows the ins and outs of the market — and the competition. 

The new hire is Brandon Yoon, formerly a Samsung corporate vice president, as Apple Korea’s new general manager, reports Bloomberg. At Samsung, Yoon was responsible for overseeing digital strategy, e-commerce, marketing, social media, and new business incubation, according to his LinkedIn profile. He left Samsung in March. 

As a general manager, Yoon will take on a broad administrative role, including setting and re-evaluating long-term company goals, overseeing business strategies, and managing senior staff, according to job descriptions from Monster and the Harvard Business ReviewRead more…

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South Korean capital Seoul mulls “S-Coin” tokens and blockchain-based government

South Korea has been at the forefront of the blockchain movement, with some of the highest density of cryptocurrency traders anywhere in the world. Now, as the frenzy around cryptocurrency prices recedes (Bitcoin is around $7350 right now, down from a high of almost $20,000 last December), the country is starting to consider the more […]

View More South Korean capital Seoul mulls “S-Coin” tokens and blockchain-based government

Researchers find the best way to press a button

When all you have is a finger everything looks like a button . But what happens if you’re unable to press buttons or, more likely, we begin using robots and other tools to interact with the real world? That’s what researchers at Aalto University, Finland, and KAIST, South Korea wanted to find out when they […]

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A fake Kim Jong-Un said hi to North Korean cheerleaders, who didn’t take it well

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Guess someone was going to do it.

A Kim Jong-un impersonator went to greet North Korean cheerleaders at the Winter Olympics, and you can bet it caused quite the stir.

Only identified as Howard, the Australian man of Chinese descent attended the women’s ice hockey match between a unified Korean team and Japan on Wednesday. 

During the match, he walked over to the group of North Koreans waving a unified Korea flag — only to be pushed aside by a group of apparent DPRK minders.

Suffice it to say, the some of the North Korean cheerleaders weren’t so impressed. Read more…

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Mike and Karen Pence ‘took a seat’ to protest North and South Korean unity of all things

When North and South Korean athletes walked out together during the Pyeonchang Winter Olympics opening ceremony Friday, most people present cheered it as a sign of possible peace during a tumultuous time. 
But not Vice President Mike Pence.
Penc…

View More Mike and Karen Pence ‘took a seat’ to protest North and South Korean unity of all things

South Korea is slowly moving toward LGBTQ acceptance — and the Olympics can help

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When LGBTQ Olympians traveled to Sochi for the 2014 Winter Games, they stepped into a battle none of them particularly wanted to fight.

A year prior, Russian President Vladimir Putin had signed the country’s first anti-gay propaganda law. The government was in the middle of a brutal crackdown against the LGBTQ population, and queer Olympians were tasked with responding to it — all while somehow trying to prepare for the world’s most prestigious athletic competition. 

Fast forward four years to Pyeongchang, and LGBTQ Olympians can expect a different, albeit complicated, situation. This year’s Winter Olympics will have a record 13 out athletes, and anti-gay paranoia has somewhat subsided. That’s partly due to increased familiarity, and partially to cultural context. South Korea is not Putin’s Russia, but activists stress that the country still has a long way to go. Read more…

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South Korea may or may not ban bitcoin exchanges and that’s the news

 The price of bitcoin and other cryptocurrencies dropped significantly today off the back of ‘news’ that South Korea’s government might ban trading exchanges. As ever in the world of crypto, the slightest ripple of information can be taken out of context, and that appears to be the case here. Reuters reported comments from Korean Justice Minister Park Sang-ki who said claimed… Read More

View More South Korea may or may not ban bitcoin exchanges and that’s the news