South Korea News

South Korea proposes a real-time monitoring system to freeze funds on Binance and other major crypto exchanges. The move aims to enhance oversight and combat cryptocurrency-related crimes.

In a startling turn of events, a former executive at Coinone, one of South Korea's top cryptocurrency exchanges, has admitted to receiving bribes in return for listing specific cryptocurrencies on the platform.

In a unanimous decision, South Korean lawmakers have passed a new bill mandating public officials and candidates to disclose their cryptocurrency holdings starting in 2024.

Samsung Electronics and the Bank of Korea (BOK) have announced a partnership to conduct joint research, focusing on the development of an offline payment system for a central bank digital currency (CBDC).

Terraform Labs founder Do Kwon and his former chief financial officer Han Chong-Joon have been granted bail by a court in Montenegro. According to media reports, the court decided to release Kwon and Han to house arrest under police supervision on…

Terraform Labs co-founder Shin Hyun-seung and seven other associates are set to face trial on May 26 over fraud charges related to the collapse of the Terra-Luna stablecoin and crypto project in May 2022. 

Kim Nam-Kuk, a South Korean lawmaker, is under investigation after claims that he withdrew 800,000 WEMIX tokens during questionable crypto transactions. A series of cryptocurrency transactions by a legislator from an opposition party has been submitted to local prosecutors by…

Reports indicate that South Korean prosecutors are adamant that charging Do Kwon in his home country is the best way to serve justice to Terra network victims

Daniel Shin, co-founder of Terraform Labs, is among ten individuals charged in South Korea, as legal repercussions from the Terra crisis continue to unfold across multiple countries.

South Korean prosecutors have revealed that former Terra CEO Do Kwon has millions of dollars stashed in a Sygnum bank account.

On April 25, the South Korean parliament’s National Policy Committee passed the first step of the country’s crypto bill, the Virtual Asset Investor Protection Act.

Korean pop artist G Dragon recently launched an NFT collection owing to a collaboration with Fandom Studios and the BNB chain. 

XRP is now the most traded coin in South Korea in 2023, according to reports from the South Korean analytical provider firm, Kaiko. The coin’s performance can be attributed to the expected positive outcome in the ongoing SEC vs. Ripple…

The members of the digital asset exchange joint consultative body (DAXA), a group of South Korean crypto exchanges, are planning to delist OMG Network (OMG), formerly known as OmiseGo, and serum (SRM). According to the announcement by Upbit, DAXA will…

The office of the Seoul prosecutor is seeking to seize assets worth $314 million from eight Terra officials, including CEO Do Kwon, who was recently arrested in Montenegro. According to South Korean news outlet KBS, Do Kwon, CEO and co-founder…

Do Kwon, the co-founder of Terraform Labs, who was detained by Montenegrin police, is wanted by the United States and South Korea.