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Situated in East Asia, South Korea, formally recognized as the Republic of Korea, is distinguished for its rich history, culture, and technological prowess. With its capital, Seoul, nestled in the north, this nation of 51 million people thrives economically, supported by its advancements in various sectors.
South Korea emerges as a prominent player in the realm of Korean cryptocurrency, marrying innovation with stringent regulations. Stay updated on South Korean crypto regulations, dive deep into recent Korean crypto happenings such as CBDC research and the evolving landscape of crypto exchanges in the region. From legislative moves to market trends, here’s your one-stop for all South Korean crypto insights.
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Latest South Korea News
News
South Korea’s National Tax Service is seeking to select a private custody provider to handle seized crypto assets after a security lapse resulted in private keys being exposed and assets being transferred by unauthorized entities. The National Tax Service has…
News
Some South Korean lawmakers are pushing back against the ruling party’s plan to levy a 22% tax on cryptocurrencies. A bill introduced by the right-wing People Power Party on Thursday seeks to amend the Income Tax Act and fully abolish…
News
Crypto.com has partnered with KG Inicis to introduce crypto payment options for foreign tourists visiting South Korea. The two companies plan to roll out Crypto.com Pay across KG Inicis’ merchant network, according to a March 17 press release. The integration…
News
South Korea’s National Police Agency has introduced new guidelines for handling seized cryptocurrencies after multiple security lapses. The KNPA has drafted a directive outlining compliance requirements across multiple stages of crypto seizure, storage, and management, local media outlet Asiae reported…
News
Crypto exchange Bithumb will have to pay a fine of 36.8 billion won, about $24.5 million, after it was found to be in violation of South Korea’s Anti-Money Laundering rules. According to a local media report, South Korea’s Financial Intelligence…
News
South Korea’s Hana Financial Group has signed a memorandum of understanding with the Standard Chartered Group to collaborate on digital asset initiatives. Local media reports from March 16 claim that the two institutions plan to leverage their combined expertise and…
News
Flow Foundation and Dapper Labs have filed a motion with the Seoul Central District Court to suspend the termination of trading support on major South Korean exchanges for the Flow blockchain’s native FLOW token. According to a March 8 announcement,…
News
South Korean police have arrested a series of individuals believed to be acting as hired agents committing what authorities describe as “private revenge” attacks, which have involved vandalism and threatening behavior directed at private residences. South Korean police arrest agents…
News
South Korea’s finance minister has pledged reforms to strengthen how government agencies manage seized cryptocurrency, following a digital asset information leak involving the National Tax Service. Seized Bitcoin under scrutiny as South Korea tightens digital asset controls In a statement…
Opinion
Tokenized securities will not replace traditional finance overnight. But in Korea, they are on track to quietly replace how parts of it work.
News
South Korean authorities have arrested two suspects in connection with the theft of 22 bitcoins that had been held as evidence by the Gangnam Police Station, officials announced on Wednesday. Suspects detained as South Korea police probe disappearance of seized…
News
South Korea plans finfluencer disclosure law to curb manipulation and protect investors. South Korea’s Democratic Party has introduced legislation requiring financial influencers to disclose personal asset holdings and compensation when recommending cryptocurrencies or stocks, according to reports from the country’s…
News
Lighter has introduced on-chain perpetual futures for major South Korean stocks, giving crypto traders direct access to Samsung, SK Hynix, and Hyundai. Lighter has launched on-chain perpetual futures linked to major South Korean stocks, becoming the first decentralized exchange to…
News
South Korea’s Financial Supervisory Service plans to conduct an investigation into high-risk areas of the virtual asset market, such as whale-driven manipulation and API-based spoofing, according to local media. The FSS is ramping up enforcement efforts as part of its…
News
South Korea’s third-largest crypto exchange, Coinone, is reportedly looking to sell part of its chairman’s stake, with Coinbase named as a potential participant in the early talks. According to a Seoul Economic Daily report citing a company representative, Coinone plans…
Markets
South Korean regulators plan to lift a nine-year ban on corporate crypto investments as the country continues to warm up to the digital asset space. South Korea’s Financial Services Commission has reportedly crafted new guidelines for listed corporations and professional…
Opinion
