Tag: South Korea
All news related to Asian country South Korea
Suspicions Point to Lazarus Group in New $30 Million Upbit Crypto Hack
Reading Time: < 1 minuteNorth Korea’s Lazarus Group is the prime suspect in a new $30.4 million hack targeting Upbit, South Korea’s largest cryptocurrency exchange.
Upbit Pledges Full User Reimbursement Following $37M Crypto Theft
Reading Time: < 1 minuteIn the wake of a $37 million hack targeting assets on the Solana network, Upbit has guaranteed that no customer will bear financial losses, promising to use its own reserve funds for compensation.
Naver Consolidates Power with $10.3B Acquisition of Crypto Giant Dunamu
Reading Time: < 1 minuteNaver Financial is set to acquire Dunamu, the operator of the dominant Upbit cryptocurrency exchange, in an all-stock transaction valued at approximately $10.3 billion (15.1 trillion won).
FIU Methodically Moves to Sanction Korean Crypto Giants for AML Breaches
Reading Time: < 1 minuteIn a methodical enforcement push, South Korea’s Financial Intelligence Unit (FIU) is advancing a series of sanctions against domestic cryptocurrency exchanges for anti-money laundering failures.
Regulatory Green Light: Binance’s Gopax Takeover Approved After US Settlement
Reading Time: < 1 minuteSouth Korean regulators have given Binance the approval it needed to formally take over local crypto exchange Gopax.
Crypto Firms in South Korea to Gain Tax Breaks, Funding with New Venture Status
Reading Time: < 1 minuteA major regulatory shift is set to provide South Korea’s crypto industry with significant financial benefits.
South Korea Imposes Strict 20% Cap on Crypto Lending Rates
Reading Time: < 1 minuteSouth Korea’s Financial Services Commission (FSC) has banned leveraged crypto loans and capped lending interest rates at 20%.
South Korea Halts Crypto Lending Pending New Regulations
Reading Time: < 1 minuteSouth Korea’s Financial Services Commission (FSC) has instructed cryptocurrency exchanges to suspend lending services until official guidelines are established.
KakaoBank Prepares to Launch Stablecoin Services as South Korea Warms to Crypto
Reading Time: < 1 minuteKakaoBank, the digital banking arm of South Korean tech giant Kakao Corp., is positioning itself to become a major player in the stablecoin market.
South Korea Moves to Shield Crypto Investors from High-Risk Loans
Reading Time: < 1 minuteAlarmed by the rise of high-leverage crypto lending, South Korean regulators are stepping in with new investor protection rules expected next month.
South Korea’s Central Bank Doubles Down on Crypto with New Stablecoin Division
Reading Time: < 1 minuteThe Bank of Korea (BOK) is stepping up its crypto game—launching a dedicated virtual asset division to oversee the market and draft regulations.
South Korea Aims to Reverse 2018 Crypto Exclusion from Startup Benefits
Reading Time: < 1 minuteSouth Korea is reconsidering its 2018 classification of crypto firms by proposing to let virtual asset trading and brokerage providers register as official “venture companies”—a designation that grants tax breaks and government support.
South Korea Puts CBDC on Hold as Government Pushes Stablecoins
Reading Time: < 1 minuteSouth Korea’s central bank has suspended its digital currency trials as the government shifts focus toward embracing private stablecoins.
BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision and South Korea Strategy
Reading Time: 3 minutesVictoria, Seychelles, 27th June 2025, Chainwire
South Korea’s Central Bank Advocates Gradual Stablecoin Adoption
Reading Time: < 1 minuteThe Bank of Korea (BOK) supports a phased approach to stablecoin issuance, with banks leading the rollout before expanding to other sectors.
South Korea to Probe Crypto Exchange Fees in Bid to Lower Trading Costs
Reading Time: < 1 minuteSouth Korea’s Financial Services Commission (FSC) is set to investigate transaction fees charged by domestic cryptocurrency exchanges, as part of efforts to reduce costs for traders, local media reported.
South Korean Government Advances Crypto ETF Plans in Policy Shift
Reading Time: < 1 minuteSouth Korea’s financial regulator has taken a major step toward approving spot crypto ETFs, submitting a detailed roadmap to the presidential policy committee.
South Korea’s New Crypto Bill Paves Way for Regulated Stablecoins
Reading Time: < 1 minuteSouth Korea’s government is pushing forward with legislation to legalize domestically issued stablecoins, marking a major step in President Lee Jae-myung’s pro-crypto agenda.
Pro-Crypto Leader Lee Jae-myung Wins South Korean Presidency in Landslide
Reading Time: < 1 minuteIn a historic election marked by high turnout, South Korea’s Democratic Party leader Lee Jae-myung secured the presidency with 49% of the vote, defeating conservative opponent Kim Moon-soo.
South Korea Strengthens Crypto Regulations Before Institutional Entry
Reading Time: < 1 minuteSouth Korea is tightening its regulations on digital asset transactions in anticipation of institutional participation in its crypto market.
South Korea Introduces Stricter KYC Requirements for Crypto exchanges
Reading Time: < 1 minuteSouth Korea has announced enhanced know-your-customer (KYC) requirements for crypto exchanges and banks to tighten security for new institutional clients.
South Korea’s Democratic Party Leader Advocates for Won-Based Stablecoin to Curb Capital Outflows
Reading Time: < 1 minuteLee Jae-myung, leader of South Korea’s Democratic Party, has suggested creating a stablecoin linked to the Korean won to prevent capital outflows and enhance financial sovereignty.
South Korea’s Regulator Bans Access to 14 Crypto Exchanges
Reading Time: < 1 minuteSouth Korea is intensifying its crackdown on unregistered crypto platforms.
South Korea’s Crypto Exchange Users Exceed 16 Million
Reading Time: < 1 minuteSouth Korea’s crypto market has reached a significant milestone.
South Korea’s Regulator Imposes a Three-month Restriction on Upbit
Reading Time: < 1 minuteThe Financial Intelligence Unit (FIU) of South Korea has temporarily restricted new customer transactions on the cryptocurrency exchange Upbit by issuing a partial business suspension.
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