Blockchain Network Launched By South Korean Telecom Firm KT

Announcements, Blockchain, News | July 24, 2018 By:

KT Corporation, South Korea’s largest telephone company, has launched a new blockchain-based commercial network that claims to guarantee both processing speed and trust.

Called KT Network Blockchain, the company claims the network currently handles 2,500 transactions per second (TPS) with an aim of 10,000 TPS by the end of the year and 100,000 TPS by the end of 2019.


South Korea Considers Tax Breaks For Blockchain Startups

News, Regulation | July 19, 2018 By:

The South Korean government is planning to revise the current tax rules in order to promote job creation and support emerging technologies, including blockchain.

During the 4th Vice Ministerial Meeting on “Growth through Innovation,” ministers from eight government agencies discussed plans to reduce taxes for companies dealing with a range of 157 “new-growth technologies”