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News
South Korean Exchange Korbit to Delist LUNA
2022-05-26T03:19:00.000+02:00
The exchange will halt all LUNA-related services on 3 June.
The move follows the steps of Bithumb and Upbit.
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South Korean Crypto Exchanges Warn on Litecoin Transactions
2022-05-23T19:36:00.000+02:00
Bithumb and Upbit are two of the biggest crypto exchanges in South Korea.
Litecoin released its update dubbed 'Mimblewimble'.
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South Korean Agency Fines Terraform Labs for Tax Evasion
2022-05-19T19:24:00.000+02:00
The authorities fined its Co-Founder Do Kwon.
Do Kwon was reportedly 'unsatisfied' with the taxation system.
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Regulation
South Korean Regulators Call for Emergency Inspection after LUNA Crash
2022-05-18T01:43:00.000+02:00
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.
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News
Western Union Expands South Korea Presence, Partners with ICB
2022-03-29T11:39:21.866+02:00
The services of the payments platform will be available through the DEBUNK Remit app.
Earlier, the company partnered with another South Korean fintech.
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CryptoCurrency
South Korea’s SK Square to Launch Its Own Crypto
2022-03-25T01:49:00.000+02:00
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.
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Institutional FX
South Korean Brokerages Net Profits Surged in 2021, Data Shows
2022-03-22T03:39:00.000+02:00
Transaction fees grew by 23.2% on-year to 16.8 trillion won.
South Korean banks traded a record amount of forex in 2021.
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New South Korean President Seeks to Give a Local Crypto Push
2022-03-15T23:34:00.000+02:00
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.
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News
South Korea’s KB Bank to Offer Crypto Investment Fund
2022-02-21T14:52:39.376+02:00
The bank formed a committee to evaluate the market and products.
It will become the first bank in the country to offer such products.
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Equinix, GIC Form Joint Venture to Build 2 Data Centers in South Korea
2022-01-27T10:29:41.646+02:00
Both data centers will be in Seoul.
It will be an expansion of the company’s hyper-scale data center program.
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CryptoCurrency
Gen.G Esports Signs Partnership with South Korean Bithumb Crypto Exchange
2022-01-27T10:21:31.357+02:00
Gen.G Esports has partnered with Bithumb exchange.
The crypto exchange will sponsor Gen.G's sports team events.
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Retail FX
South Korea Sees Record FX Trading Demand in 2021
2022-01-26T13:48:32.967+02:00
The demand surged as imports and exports for the country jumped.
Both spot and derivatives FX demand increased.
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News
Bank of Korea Completes First Phase of CBDC Testing
2022-01-24T15:26:41.459+02:00
The testing was completed in December 2021.
The regulator is now aiming to complete phase two by June.
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CryptoCurrency
Coinone to Halt Withdrawal Services to Unverified External Wallets
2021-12-30T03:37:36.234+02:00
Coinone plans to stop withdrawals to unverified external wallets.
The South Korean crypto exchange wants to comply with the law.
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Regulation
South Korea to Delay Crypto Tax until 2023
2021-11-30T16:27:00.000+02:00
The South Korean National Assembly will vote on the amendment on December 2.
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South Korean Financial Subcommittee Discusses Delay of Crypto Tax Law
2021-11-15T23:45:51.000+02:00
A local media outlet noted that all the parties involved had heated discussions in the meeting about the matter.
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News
A Man Tried to Set Himself on Fire at Upbit Offices in South Korea
2021-11-04T22:32:08.000+02:00
The unnamed South Korean individual was taken into custody by the police and charged with attempted arson.
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K-Pop Band BTS’ Management Agency Denies Ties with Army Coin
2021-10-29T23:41:09.000+02:00
Army Coin's price surged by over 5,000% when it was launched on Wednesday.
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South Korean Teachers Pension Fund Plans to Invest in Bitcoin ETF
2021-10-25T19:02:15.000+02:00
The Korean Teachers' Credit Union was established in 1971 in Seoul.
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Politician: South Korean Tax Authority Unprepared to Collect Crypto Taxes
2021-10-08T18:06:49.000+02:00
The opposition lawmaker says the NTS is not even clear on their definition of non-fungible tokens.
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Regulation
South Korea Could Delay Crypto Tax Law after Consensus from Ruling Party
2021-09-27T17:56:18.000+02:00
The Ministry of Economy and Finance could challenge the move made by the Democratic Party of Korea.
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Most South Koreans Support the Government to Tax Cryptocurrencies
2021-09-22T22:10:00.000+02:00
The survey found that just 33% of the participants opposed the crypto tax law.
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Institutional FX
Mobile Stock Trading Volume in South Korea Soared by 220% in 2020
2021-09-07T20:54:40.000+02:00
Data collected by local media outlets noted that 116.3 million trades were made on average per day in 2020.
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Executive Moves
Crypto.com Hires Former Visa Executive Patrick Yoon to Head South Korea
2021-09-07T11:11:10.000+02:00
He has extensive knowledge about the South Korean financial services landscape.
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News
Bithumb Bans Foreigners Who Failed Mobile Phone Verification
2021-09-03T10:57:53.000+02:00
The exchange is aligning its services with the requirements of the local authorities.
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