South Korea News
Ripple Partners With Kyobo Life to Bring Tokenised Bonds to Korea’s Financial System
A new blockchain pilot in Korea is testing faster bond settlement, replacing legacy processes with near real-time execution on regulated inf...
South Korea Pushes Crypto “Circuit Breakers” After US$40B Exchange Blunder
A trading error at Bithumb exposed gaps in crypto safeguards, prompting calls for automated halts and stricter oversight from South Korea’...
South Korean Ex-Police Officer Jailed for Taking $82K in Bribes Linked to Crypto Investigations
A former Seoul Metropolitan Police Agency officer was sentenced to six years for accepting 120 million won in crypto-linked bribes. ...
South Korea Orders Crypto Asset Review After $4.8M Wallet Blunder
South Korea has launched a cross-agency review of how seized digital assets are managed after tax officials accidentally exposed a wallet se...
Crypto Fallout Turns Toxic: South Korean Investor Charged in Poisoned Coffee Plot
Seoul prosecutors say a cryptocurrency partnership dispute led to an alleged insecticide poisoning, with the accused facing attempted murder...
South Korean Prosecutors Recover $21M in Bitcoin After Hacker Returns Stolen Funds
South Korean prosecutors have recovered 320.88 Bitcoin worth roughly $21.3 million after an unknown hacker unexpectedly returned the funds t...
South Korea Moves to Lift Institutional Crypto Ban With Proposed 5% Corporate Investment Cap
South Korea plans to let companies invest up to 5% of equity in top 20 cryptocurrencies, focusing on Bitcoin and Ethereum while managing mar...
Regulatory Rift Delays South Korea’s Landmark Crypto Law Over Stablecoin Control
South Korea’s Digital Asset Basic Act has been delayed due to a dispute between regulators over who should be allowed to issue won-pegged ...
Mirae Asset Eyes Korbit in Potential $100M Crypto Exchange Deal
Mirae Asset Group is reportedly in talks to acquire Korbit, South Korea’s fourth-largest crypto exchange, in a deal valued around $100 mil...
South Korea Moves to Impose Bank-Level ‘No-Fault’ Liability on Crypto Exchanges
South Korea’s FSC is considering rules that would force crypto exchanges to reimburse customers for losses from hacks or system failures, ...
Naver Makes $10.3B Power Play, Buying Upbit Owner to Dominate Korea’s Crypto Future
Naver Financial is acquiring Dunamu (Upbit's operator) for $10.3B in an all-stock deal to dominate Korea's crypto market. ...
Nextrade Bets on K-Pop Tokens and Innovation to Challenge Korea’s Market Giant
K-pop music-licence tokens, leveraged ETFs and long trading hours are helping Nextrade gain momentum, though regulatory caps still restrict ...