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South Korea News
Top South Korea Stories
Latest South Korea News
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South Korean crypto exchange Upbit has rejected claims that it is participating in the issuance of Open USD after being listed among more than 140 organizations associated with the proposed stablecoin. According to a statement issued by Upbit, the exchange…
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Several major South Korean companies have said they were listed as members of the Open USD (OUSD) stablecoin alliance despite not formally agreeing to participate. According to a report by Chosun Biz, several Korean companies named as participants in the…
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K Wave Media sold 88 BTC to repay $6 million in debt, ending its Bitcoin treasury push after once targeting 10,000 BTC during its AI pivot.
BTC
Bitcoin
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South Korea’s FSC referred two crypto manipulation cases to prosecutors, including a whale accused of a pump-and-dump scheme.
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South Korean brokerage Kiwoom Securities has entered negotiations to acquire a stake in cryptocurrency exchange Bithumb through a planned purchase of newly issued shares, local media reported on Monday. According to a ChosunBiz report, Kiwoom and Bithumb are discussing a…
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South Korea has expanded cryptocurrency disclosure requirements for its public debt relief program by including virtual asset holdings in applicant asset reviews and linking debt forgiveness more closely to repayment capacity. According to local media, the Financial Services Commission said…
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South Korea fined Bithumb 210m won for sending user data overseas without consent and ordered fixes as blockchain privacy rules expand now.
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South Korea’s Financial Intelligence Unit has referred about 40 unregistered virtual asset service providers to investigative authorities and warned consumers about the risks linked to unauthorized crypto businesses. The Financial Intelligence Unit, which operates under the Financial Services Commission, said…
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Chainlink joins Project Pangea with European and Korean banks to test global stablecoin-based FX settlement using Swift and ISO 20022 rails.
LINK
Chainlink
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South Korea has seen cryptocurrency-based overseas remittances climb 380% in the past three years, outpacing growth in traditional bank transfers as financial institutions increase their focus on blockchain-powered payment services. According to a SBS Biz report, remittances processed through South…
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Bithumb to list Canton (CC) in its KRW market as weak indicators meet fresh protocol updates and wider institutional backing in South Korea.
CC
Canton
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The Bank of Korea and participating banks have discussed operating deposit tokens on a continuous basis with the goal of establishing conditions for a formal rollout, according to briefing materials submitted by the Korea Federation of Banks to the office…
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South Korea has expanded plans for its financial regulatory sandbox to include digital asset related laws, opening the door for a wider range of blockchain and fintech services to seek regulatory exemptions. According to local media, South Korea’s Financial Services…
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Toss Bank signed an MOU with the Solana Foundation to test Solana-based remittances and review stablecoin use in overseas payments in Seoul.
SOL
Solana
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South Korea has begun considering rules that could allow fintech firms, not just cryptocurrency exchanges, to participate in a new licensing regime for cross-border digital asset transfers scheduled to take effect in December. Officials from relevant government agencies and industry…
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Upbit will list PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO and AMP in BTC and USDT markets on June 19.
