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Korea looks to be hitting up in the bitcoin scene, and looks to be going one step up from Bitcoins at Korea’s Paris Baguette bakery, Gangnam salon and rental. The Verge reports that KorBit has taken $400k in funding from silicon valley investors, and more importantly, is also Government Backed. This may indicate Korea has come a full reversal from their initial reticence in dealing with bitcoins to embracing it. (Similar to the Singapore Bitcoin Story? Singapore bitcoin related startups such as gocoin and itbit have been privy to new influx of government aided funding)

Korbit’s success is notable because of the role the South Korean government played. Korea’s Ministry of Science, ICT and Future Planning funded the exchange’s participation in the Silicon Valley-based pitching event that spurred much of the investment
Even Korean bank backing Bitcoin has also seen backing from Korea’s more traditional banking infrastructure. Korbit recieved seed funding from the Banks Foundation for Young Entrepreneurs, a group established by Korea’s largest banking alliance.

Chinese media has also translated the news for China.

In other news, Korean bank data for 20 million people leaked

In the latest case, an employee from personal credit ratings firm Korea Credit Bureau (KCB) has been arrested and accused of stealing the data from customers of three credit card firms while working for them as a temporary consultant.

Seoul’s financial regulators on Sunday confirmed the number of affected users as at least 20 million, in a country of 50 million.

The information was taken from the internal servers of KB Kookmin Card, Lotte Card, and NH Nonghyup Card.

An employee of Citibank Korea was arrested last month for stealing the personal data of 34,000 customers.

In 2012, two South Korean hackers were arrested for taking data from 8.7 million customers at the nation’s second-biggest mobile operator.

In November 2011, Seoul’s top games developer Nexon also saw the personal information of 13 million users of its popular online game MapleStory stolen by hackers.

In July the same year, personal data from 35 million users of Cyworld — the south’s social networking site — was also stolen by hackers.

http://www.zdnet.com/bank-data-of-20-million-customers-leaked-in-south-korea-7000025332/

Reddit

http://www.reddit.com/r/Bitcoin/comments/1vmrf5/koreas_biggest_bitcoin_exchange_gets_400000_from/

http://www.theverge.com/2014/1/19/5325636/korbit-korea-bitcoin-exchange-400000-silicon-valley-investment

Korea’s biggest Bitcoin exchange gets $400,000 from Silicon Valley investors

By Rich McCormick on Email

South Korea’s first Bitcoin startup, Korbit, has received $400,000 in seed funding from a group of investors. Korbit — which is also Korea’s largest Bitcoin exchange, with more than 20,000 registered users — is now profitable after less than a year of operations.

Korbit’s success is notable because of the role the South Korean government played. Korea’s Ministry of Science, ICT and Future Planning funded the exchange’s participation in the Silicon Valley-based pitching event that spurred much of the investment. The event was judged by Tim Draper, founder of venture capital company DFJ. Draper would go on to lead the $400,000 investment shortly afterwards.

Korbit’s success was possible thanks to the South Korean government’s involvement

Bitcoin has also seen backing from Korea’s more traditional banking infrastructure. Korbit recieved seed funding from the Banks Foundation for Young Entrepreneurs, a group established by Korea’s largest banking alliance. Draper noted the country’s open attitude to the new online currency after leading the $400,000 investment. The venture capitalist said “Bitcoin’s growth in Korea is remarkable for the sophistication of the public dialog around its potential for innovation and wealth creation.” Draper thinks the country can “play a leading role in the future of global finance” by realizing the importance of Bitcoin, and moving to embrace it faster than other nations.

http://it.21cn.com/prnews/a/2014/0120/09/26115512.shtml

比特币交易所Korbit收到硅谷风投公司40万美元

来源:元器件交易网| 2014-01-20 09:45:37|

比特币交易所Korbit收到硅谷风投公司40万美元0

  元器件交易网讯 1月20日消息,据外媒Digitimes报道,Korbit交易所收到40万美元来自硅谷投资人的种子资金。

Korbit是韩国最大的比特币交易所,它拥有2000个注册用户,不到一年实现盈利。风险投资公司德丰杰创始人蒂姆·德雷珀向其投入40 万美元来进行引导。Korbit的成功与韩国政府的态度是密不可分的。韩国政府在科学,信息和通信技术等领域对该交易所给予很大帮助,这促使了硅谷投资者 的参与。

比特币也受到韩国传统银行业的支持。Korbit收到由韩国最大的银行联合成立了一个小组的种子资金,该笔资金是专为那些青年企业家准备 的。德雷珀指出,国家对在线货币所持的开放态度促使了他投入这笔资金。他还指出比特币的成长具有不断创新的潜力和为公众创造财富。德雷珀表示国家如果意识 到比特币的重要,更快地接受它,就更能在未来全球金融发挥主导地位 。

(元器件交易网 白玉涛译)

以下为外文:

South Korea’s first Bitcoin startup, Korbit, has received $400,000 in seed funding from a group of investors. Korbit — which is also Korea’s largest Bitcoin exchange, with more than 20,000 registered users — is now profitable after less than a year of operations.

Korbit’s success is notable because of the role the South Korean government played. Korea’s Ministry of Science, ICT and Future Planning funded the exchange’s participation in the Silicon Valley-based pitching event that spurred much of the investment. The event was judged by Tim Draper, founder of venture capital company DFJ. Draper would go on to lead the $400,000 investment shortly afterwards.

Bitcoin has also seen backing from Korea’s more traditional banking infrastructure. Korbit recieved seed funding from the Banks Foundation for Young Entrepreneurs, a group established by Korea’s largest banking alliance. Draper noted the country’s open attitude to the new online currency after leading the $400,000 investment. The venture capitalist said “Bitcoin’s growth in Korea is remarkable for the sophistication of the public dialog around its potential for innovation and wealth creation.” Draper thinks the country can “play a leading role in the future of global finance” by realizing the importance of Bitcoin, and moving to embrace it faster than other nations.

责任编辑:AP01

http://www.reddit.com/r/Bitcoin/comments/1vnqrj/another_reason_to_use_bitcoinbank_data_of_20/

http://www.zdnet.com/bank-data-of-20-million-customers-leaked-in-south-korea-7000025332/

 

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