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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 is pushing to finalize a new digital asset act by January, after ruling and opposition lawmakers agreed on a stablecoin framework that had stalled negotiations for months. Lawmakers met behind closed doors and settled the core dispute over…
News
South Korean authorities suspect that the November Upbit hack may have been masterminded by the notorious Lazarus Group. Unnamed industry sources told local media that the North Korean state-backed hackers may have been behind the breach, as the recent attack…
News
South Korea’s financial sector was hit by a coordinated Russia–North Korea supply chain attack using Qilin ransomware, with 2 TB of sensitive banking data stolen. South Korea’s financial sector suffered a coordinated supply chain attack attributed to Russian and North…
Opinion
Rather than dampening innovation, South Korea is setting the stage for its evolution from retail-driven speculation to institution-backed growth.
News
Upbit is inching toward a future Nasdaq debut thanks to a corporate tie-up involving Naver and Dunamu (a $14.5 billion equity exchange).
News
South Korea’s Financial Intelligence Unit is preparing to hit several local crypto exchanges with penalties after finding lapses in their anti‑money laundering controls. Sources familiar with the development have told local media that the financial crime agency wants to intensify…
News
South Korea’s top financial holding companies are racing to partner with big tech companies as they gear up to launch stablecoin projects amidst industry hype. In a recent report by The Korea Times, four of the largest financial institutions in…
News
With Washington tightening the screws on North Korea’s crypto-funded nuclear weapons programme, South Korea says it’s open to rethinking its own sanctions playbook. During a recent interview, South Korean Vice Foreign Minister Kim Ji-na told local media that “coordination between…
News
South Korean BDACS’ official stablecoin, KRW1, will be issued on Circle’s blockchain Arc. This marks the second integration for the stablecoin after its initial launch on Avalanche. According to a recent report by Yonhap News, South Korean digital asset company…
News
Binance is facing renewed scrutiny from South Korean lawmakers after a parliamentary hearing this week reignited calls for the exchange to compensate victims of GOPAX’s failed GoFi deposit program. South Korean lawmakers are intensifying pressure on Binance to fulfill a…
News
South Korea’s FSC plans to prohibit interest payments on stablecoins, aiming to protect financial stability while fostering innovation in digital assets, with a new crypto law expected by the end of 2025. Proposed stablecoin interest ban mirrors U.S. regulations Financial…
BTC
Bitcoin
News
Binance is finally making progress with its South Korea re-entry after over two years of delay, as authorities have reopened their review of the exchange’s long-stalled takeover of local crypto exchange Gopax. Local media reports on Oct. 14 claim that…
News
The Solana Foundation has struck a major partnership with Wavebridge, a Korean blockchain infrastructure firm, pushing towards a KRW stablecoin. The Solana Foundation has entered a new strategic partnership with Korean blockchain infrastructure firm Wavebridge to develop a KRW-pegged stablecoin and institutional-grade tokenization…
SOL
Solana
News
Hwang Jung-eum, a South Korean actress and K-drama star, was handed a suspended prison sentence for embezzling $3 million from her agency to invest in cryptocurrency. According to a report from local media outlet Korea JoongAng Daily, Hwang has been…
News
South Korea’s largest table ordering service t’order has chosen the Sui blockchain to jointly develop a stablecoin infrastructure for commercial applications nationwide by leveraging the company’s extensive network. Sui network announced the partnership via a Sep. 24 blog post, and…
News
Dunamu, the operator of South Korea’s largest crypto exchange Upbit, is set to become a wholly owned subsidiary of Naver Financial via a stock swap agreement that positions the two firms to create a super app that unifies crypto trading,…
