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News
South Korean Exchange Korbit to Delist LUNA
The exchange will halt all LUNA-related services on 3 June.
The move follows the steps of Bithumb and Upbit.
Thursday, 26/05/2022 | 01:19 GMT
by
Felipe Erazo
News
South Korean Crypto Exchanges Warn on Litecoin Transactions
Bithumb and Upbit are two of the biggest crypto exchanges in South Korea.
Litecoin released its update dubbed 'Mimblewimble'.
Monday, 23/05/2022 | 17:36 GMT
by
Felipe Erazo
News
South Korean Agency Fines Terraform Labs for Tax Evasion
The authorities fined its Co-Founder Do Kwon.
Do Kwon was reportedly 'unsatisfied' with the taxation system.
Thursday, 19/05/2022 | 17:24 GMT
by
Felipe Erazo
Regulation
South Korean Regulators Call for Emergency Inspection after LUNA Crash
The measure comes in the wake of LUNA and TerraUSD prices' decline across the board.
TerraUSD and LUNA have attracted around 200,000 South Korean investors.
Tuesday, 17/05/2022 | 23:43 GMT
by
Felipe Erazo
News
Western Union Expands South Korea Presence, Partners with ICB
The services of the payments platform will be available through the DEBUNK Remit app.
Earlier, the company partnered with another South Korean fintech.
Tuesday, 29/03/2022 | 09:39 GMT
by
Arnab Shome
CryptoCurrency
South Korea’s SK Square to Launch Its Own Crypto
The digital asset is intended to be used in the firm's own metaverse.
Another SK Group subsidiary signed a contract with Korbit on March 23.
Thursday, 24/03/2022 | 23:49 GMT
by
Felipe Erazo
Institutional FX
South Korean Brokerages Net Profits Surged in 2021, Data Shows
Transaction fees grew by 23.2% on-year to 16.8 trillion won.
South Korean banks traded a record amount of forex in 2021.
Tuesday, 22/03/2022 | 01:39 GMT
by
Felipe Erazo
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News
New South Korean President Seeks to Give a Local Crypto Push
He wanted to legalize ICOs that became very popular in the country years ago.
Many people see Yoon Suk-yeol as a 'crypto enthusiast' who advocates for the industry.
Tuesday, 15/03/2022 | 21:34 GMT
by
Felipe Erazo
News
South Korea’s KB Bank to Offer Crypto Investment Fund
The bank formed a committee to evaluate the market and products.
It will become the first bank in the country to offer such products.
Monday, 21/02/2022 | 12:52 GMT
by
Arnab Shome
News
Equinix, GIC Form Joint Venture to Build 2 Data Centers in South Korea
Both data centers will be in Seoul.
It will be an expansion of the company’s hyper-scale data center program.
Thursday, 27/01/2022 | 08:29 GMT
by
Arnab Shome
CryptoCurrency
Gen.G Esports Signs Partnership with South Korean Bithumb Crypto Exchange
Gen.G Esports has partnered with Bithumb exchange.
The crypto exchange will sponsor Gen.G's sports team events.
Thursday, 27/01/2022 | 08:21 GMT
by
Nicholas Otieno
Retail FX
South Korea Sees Record FX Trading Demand in 2021
The demand surged as imports and exports for the country jumped.
Both spot and derivatives FX demand increased.
Wednesday, 26/01/2022 | 11:48 GMT
by
Arnab Shome
News
Bank of Korea Completes First Phase of CBDC Testing
The testing was completed in December 2021.
The regulator is now aiming to complete phase two by June.
Monday, 24/01/2022 | 13:26 GMT
by
Arnab Shome
CryptoCurrency
Coinone to Halt Withdrawal Services to Unverified External Wallets
Coinone plans to stop withdrawals to unverified external wallets.
The South Korean crypto exchange wants to comply with the law.
Thursday, 30/12/2021 | 01:37 GMT
by
Nicholas Otieno
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Regulation
South Korea to Delay Crypto Tax until 2023
The South Korean National Assembly will vote on the amendment on December 2.
Tuesday, 30/11/2021 | 14:27 GMT
by
Felipe Erazo
News
South Korean Financial Subcommittee Discusses Delay of Crypto Tax Law
A local media outlet noted that all the parties involved had heated discussions in the meeting about the matter.
Monday, 15/11/2021 | 21:45 GMT
by
Felipe Erazo
News
A Man Tried to Set Himself on Fire at Upbit Offices in South Korea
The unnamed South Korean individual was taken into custody by the police and charged with attempted arson.
Thursday, 04/11/2021 | 20:32 GMT
by
Felipe Erazo
News
K-Pop Band BTS’ Management Agency Denies Ties with Army Coin
Army Coin's price surged by over 5,000% when it was launched on Wednesday.
Friday, 29/10/2021 | 21:41 GMT
by
Felipe Erazo
News
South Korean Teachers Pension Fund Plans to Invest in Bitcoin ETF
The Korean Teachers' Credit Union was established in 1971 in Seoul.
Monday, 25/10/2021 | 17:02 GMT
by
Felipe Erazo
News
Politician: South Korean Tax Authority Unprepared to Collect Crypto Taxes
The opposition lawmaker says the NTS is not even clear on their definition of non-fungible tokens.
Friday, 08/10/2021 | 16:06 GMT
by
Felipe Erazo
Regulation
South Korea Could Delay Crypto Tax Law after Consensus from Ruling Party
The Ministry of Economy and Finance could challenge the move made by the Democratic Party of Korea.
Monday, 27/09/2021 | 15:56 GMT
by
Felipe Erazo
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News
Most South Koreans Support the Government to Tax Cryptocurrencies
The survey found that just 33% of the participants opposed the crypto tax law.
Wednesday, 22/09/2021 | 20:10 GMT
by
Felipe Erazo
Institutional FX
Mobile Stock Trading Volume in South Korea Soared by 220% in 2020
Data collected by local media outlets noted that 116.3 million trades were made on average per day in 2020.
Tuesday, 07/09/2021 | 18:54 GMT
by
Felipe Erazo
Executive Moves
Crypto.com Hires Former Visa Executive Patrick Yoon to Head South Korea
He has extensive knowledge about the South Korean financial services landscape.
Tuesday, 07/09/2021 | 09:11 GMT
by
Arnab Shome
News
Bithumb Bans Foreigners Who Failed Mobile Phone Verification
The exchange is aligning its services with the requirements of the local authorities.
Friday, 03/09/2021 | 08:57 GMT
by
Arnab Shome
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