By Chan Sik Ahn It should not be too much of an exaggeration to say that 2017 was the year of cryptocurrency, with Bitcoin leading the pack. The craze and hot debate on cryptocurrencies have continued this year. As cryptocurrency trading overheated and Ponzi schemes and fraudulent deals involving cryptocurrencies occurred, Korean regulators declared in a… Continue reading [THE KOREA TIMES_안찬식 변호사] Cryptocurrency and the law
The big boys may muscle in on small players in what has been an unregulated sector Ahn Chan-sik, who leads the Tech and Comms practice at law firm Hwang, Mok, Park, briefs investors and reporters on the regulatory landscape for cryptos on Monday. Photo Andrew Salmon In terms of trading volumes, the Korea crypto currency… Continue reading [ASIA TIMES_안찬식 변호사] Korean cryptocurrency market faces new regulatory risk
Pedestrians look at monitors showing the prices of virtual currencies at the Bithumb exchange office in Seoul, South Korea, on Friday, Feb. 2, 2018. (Photographer: SeongJoon Cho/Bloomberg) The drama ensuing around South Korea’s cryptocurrency regulations is as volatile as the market itself, no less considering the untimely death of a crypto policy director last… Continue reading [Forbes] Facts And Myths Surrounding Crypto In South Korea: Death, Taxes And Bans
By Kim Sang-jun The American polymath Benjamin Franklin famously wrote: "In this world, nothing can be said to be certain, except death and taxes." This famously paraphrased quotation refers to the fact that people cannot live without paying taxes to the state, and there is no way to evade taxes if they earn income. However,… Continue reading [Korea Times_김상준 회계사]Why no taxation on cryptocurrency trading in Korea?
By Park Eun-ji Photos of you and me pour daily into social media such as Facebook, Twitter or Instagram, as well as in traditional publications and broadcasting media. Whether professionally, or not, many people take pictures on the streets and in other public places. However, for street photographers, there exists a significant issue to worry… Continue reading [Korea Times_박은지 변호사] Legal protection from ubiquitous cameras
By Han Soo-kyung The boom in virtual currency investments has highlighted increased interest in cryptocurrencies in general, and in blockchain, their underlying technology. Blockchain is the open ledger that records transaction history using a P2P (peer-to-peer) computer network. Because all transactions are cumulatively recorded and everyone shares their records, manipulation or falsification is technically very… Continue reading [Korea Times_한수경 변호사] Blockchain and new legal questions
By Park Ju-hong There is an article in the "Vienna Convention on Road Traffic," signed and ratified by many nations, that stipulates: "Every driver of a vehicle shall in all circumstances have his vehicle under control so as to be able to exercise due and proper care and to be at all times in a… Continue reading [Korea Times_박주홍 변호사]When will we see self-driving cars in Korea?
By Sim Chang-hyun I got my first job at a social venture in 2010. Social ventures, also known as social enterprises, are a new type of business that aims to create social value as well as economic value.company that supports underprivileged students with their educational needs, to publish a half-price workbook for high school students,… Continue reading [Korea Times_심창현 변호사 기고문]Government’s role in innovation limited
By Shon Ga-ram Flying a drone in Seoul is restricted because the population is so dense because the Presidential Blue House and major military facilities are located within the city. So it is almost legally impossible to fly a drone within Seoul city limits. In fact, as shown in the picture below, most of central… Continue reading [Korea Times_손가람 변호사 기고문] How to fly a drone in Seoul
By Kim Dong-uk This is the first in a weekly series of blog posts on issues where the law meets new technologies. Generally, laws that regulate new technologies appear well after the technologies are popularized, and this also is true in Korea. Such regulations are generally designed to reduce adverse effects on society from these… Continue reading [Korea Times_김동욱 변호사 기고문] Don’t ban cryptocurrencies
