Tag: korea

South Korea to Support ‘Normal’ Crypto Trading, Says Finance Watchdog

Loknath Das

South Korea appears to be softening its stance on cryptocurrency trading. According to Yonhap News, Choe Heung-sik, governor of the Financial Supervisory Service, has said the government “will support [cryptocurrency trading] if normal transactions are made.” At a meeting with representatives from cryptocurrency exchanges, Choe also said the government will “encourage” banks to work with cryptocurrency exchanges, the report states. While brief, the statements will likely be seen positively by South Korea’s crypto community, as well as world markets, since the option to outright ban cryptocurrency exchanges had been mulled by…

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North Korea nuclear crisis: US seeks tough UN approach

Loknath Das

The US envoy to the UN has urged the Security Council to take the “strongest possible measures” against North Korea after its latest nuclear test. “The time has come to exhaust all diplomatic means before it is too late,” Nikki Haley told an emergency meeting of the council in New York. The US will circulate a new draft Security Council resolution, hoping for a vote next Monday. South Korea is set to scrap a warhead weight limit on its own missiles. President Moon Jae-in agreed in a phone call with…

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North Korea cannot ‘tip’ missile with nuclear warhead – U.S. State Dept

subhadip

North Korea continues to pursue nuclear and ballistic missile technologies but the United States does not believe it is in a position to “tip” one of them with a nuclear warhead, State Department spokesman John Kirby said on Tuesday. North Korea’s leader, Kim Jong Un, said on Sunday his nuclear-capable country was close to test-launching an intercontinental ballistic missile (ICBM), raising the prospect of putting parts of the United States within range. “We do not believe that at this point in time he has the capability to tip one of…

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ACT closes test centres across South Korea

subhadip

The closures mark the end of a torrid year for the ACT in South Korea. In June, ACT cancelled its entrance exam for South Korea and Hong Kong in the face of leaked answers, affecting an estimated 5,500 students. This was “the first known cancellation of the high-stakes exam for an entire country”, according to ACT spokesman Ed Colby. “South Koreans are among the most highly represented international students at US Ivy League universities” Colby was quoted in one of many reports news agency Reuters has carried on cheating in Asia on the…

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Samsung intros a new Galaxy Folder Android clamshell (in Korea)

nhdownyflake

Just one day after LG introduced a brand new Android-based clamshell (called LG Gentle), Samsung now announced a new Android flip phone of its own. Called Samsung Galaxy Folder, the device is the successor to the Galaxy Folder from 2013 (but, as you can see, its name remained unchanged). The new Galaxy Folder offers an easy to use keypad, in addition to a 3.8-inch internal touchscreen display of unknown pixel resolution. The handset runs an unspecified version of Android (seems to be Lollipop), and has two color versions: white, and…

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