Latest News and Articles about South Korea
Bithumb’s 2026 IPO and South Korea’s Stablecoin Surge: Crypto’s New Frontier
Bithumb’s IPO Gamble and South Korea’s Stablecoin Push: A Blockchain Balancing Act South Korea is making waves in the crypto world with two major developments that could reshape its blockchain landscape. Bithumb, one of the country’s heavyweight exchanges, is charging toward a 2026 initial public offering (IPO) on the KOSDAQ exchange with a strategic spinoff […]
Read MoreSouth Korean Neobanks Kakao and Toss Dive into Crypto with Stablecoin Push
South Korean Neobanks Kakao Bank and Toss Bank Charge into Crypto Amid Regulatory Winds of Change South Korea’s fintech powerhouses, Kakao Bank and Toss Bank, are making aggressive moves into cryptocurrency and stablecoin markets, seizing on a pivotal shift in the nation’s regulatory framework. With a new pro-crypto president at the helm and public interest […]
Read MoreSouth Korea’s Tariff Battle with U.S. Threatens Tech and Bitcoin Mining Supply Chains
South Korea’s Trade Deadline Push with the U.S.: Tariffs Threaten Tech and Crypto Supply Chains South Korea is in a high-stakes battle to extend trade negotiations with the United States beyond the looming July 9, 2025, deadline, as a potential tariff surge from 10% to 25% threatens to hammer its export-driven economy. As a key […]
Read MoreSouth Korea, Thailand, Malawi Lead Blockchain Digital ID Push for Inclusion
Digital ID Surge: South Korea, Thailand, and Malawi Push Inclusion with Blockchain Governments are sprinting toward digital identity systems, and South Korea, Thailand, and Malawi are leading the charge with initiatives that blend cutting-edge tech like blockchain technology with a focus on empowering marginalized groups, particularly people with disabilities. These efforts signal a transformative shift […]
Read MoreSouth Korea’s Crypto Boom: 51% Trade, But Is It Sustainable?
South Korea’s Crypto Surge: Over Half Have Traded, But Is This Boom Built to Last? South Korea stands as a powerhouse in the cryptocurrency world, with a recent survey by Hana Financial Group’s Research Institute showing that over half of adults aged 20-59 have traded digital assets. While Bitcoin reigns as the entry point for […]
Read MoreSouth Korea’s KOSPI Soars 30% on Won-Backed Stablecoin Pledge: Boom or Bust?
Korean Stocks Surge on President Lee’s Won-Backed Crypto Pledge: Brilliance or Bubble? South Korea’s financial markets are on fire in the first half of 2025, with the KOSPI index skyrocketing nearly 30% year-to-date, fueled by President Lee Jae-myung’s audacious commitment to support stablecoins pegged to the Korean won. Crypto-linked stocks like Kakao Pay have doubled […]
Read MoreSouth Korea vs. U.S. Tariffs: Crypto Mining Hardware Costs at Risk by July 9
South Korea Battles U.S. Tariffs: A Crypto Hardware Crisis in the Making? South Korea is in a high-stakes showdown with the United States, racing against a July 9 deadline to dodge a punishing 25% tariff that could hammer its economy—and potentially jack up costs for your next Bitcoin mining rig. Trade Minister Yeo Han-koo is […]
Read MoreSouth Korea’s Stablecoin Push: Card Firms Struggle as Tech Giants Rise
South Korea’s Stablecoin Surge: Card Companies Bleed, Tech Titans Thrive South Korea is charging headfirst into a financial frontier with its proposed Digital Asset Innovation Act, a bold move that could cement stablecoins as a cornerstone of digital payments. Set to redefine the nation’s money landscape, this legislation promises a decentralized future but threatens to […]
Read MoreSouth Korean Court Jails Two in USDT Money Laundering Scam: Crypto Crime Exposed
South Korean Court Sentences Two in USDT Money Laundering Bust: Crypto’s Dark Corners Exposed A South Korean court has dropped the hammer on two Vietnamese nationals, sentencing them to two years in prison for their role in a cross-border money laundering scheme using Tether (USDT), the USD-pegged stablecoin. This case out of Seoul isn’t just […]
Read MoreBank of Korea Doubts Won Stablecoin as Circle Pushes for South Korean Crypto Market Entry
Bank of Korea Digs In: Skepticism Over Won Stablecoin Persists Despite Circle’s Charm Offensive South Korea, often hailed as the crypto capital of Asia, is caught in a high-stakes tug-of-war over the future of digital money. The Bank of Korea (BOK) remains deeply wary of issuing a won-pegged stablecoin, even as Circle, the powerhouse behind […]
Read MoreSouth Korea’s Tokenized Securities Push: Blockchain Breakthrough or Political Meltdown?
South Korea’s Tokenized Securities Leap: Blockchain Boom or Political Bust? South Korea’s parliament is teetering on the edge of a groundbreaking shift, with legislation to legalize tokenized securities inching closer to approval. This could open the door for blockchain-based investments in everything from real estate to art, but with political chaos gripping Seoul, the path […]
Read MoreSouth Korea and EU Join Forces to Thwart North Korean Crypto Heists
South Korea and EU Strengthen Alliance to Combat North Korean Crypto Heists South Korea and the European Union have forged a robust partnership aimed at tackling the escalating threat of North Korean cryptocurrency thefts. This collaboration seeks to dismantle the sophisticated networks behind these cybercrimes, which pose significant risks to global cybersecurity and the integrity […]
Read MoreSouth Korean Experts Warn of Stablecoin Risks as Election Looms
South Korean Experts Warn Seoul of Mounting Stablecoin Danger South Korean financial and legal experts are raising alarms about the risks of adopting stablecoins, particularly those pegged to the U.S. dollar, as the country grapples with potential economic and political implications. Experts warn of stablecoin impact on Korean won and exchange rates Leading presidential candidate […]
Read MoreSouth Korean Woman Sentenced to 2 Years for $500K Crypto Theft
South Korean Woman Jailed for Two Years Over $500,000 Crypto Theft $500,000 stolen in crypto and cash Theft in Jeju City, escape to Gumi Repeat offender with fraud history Rising trend of crypto crimes in South Korea In a stunning case of betrayal, a South Korean woman in her 40s was sentenced to two years […]
Read MoreSouth Korea Arrests 25 in $540K Crypto Scam Crackdown, Candidates Back Bitcoin ETFs
25 Arrested as South Korean Police Crack Down on Multiple Crypto Scam Rings South Korean authorities have cracked down on a series of cryptocurrency scams, arresting 25 individuals who defrauded victims out of nearly 734 million won ($540,000 USD). These scams, run through fake investment advisory services, promised high returns but delivered nothing but losses. […]
Read MoreChiliz Launches NFT Ticketing at KLPGA Golf Event in South Korea
Chiliz Debuts NFT Ticketing at KLPGA Golf Event in South Korea Chiliz has ushered in a new era of sports ticketing by debuting its non-fungible token (NFT) system at the ‘2025 NH Investment & Securities Ladies Championship’ on the Korea Ladies Professional Golf Association (KLPGA) Tour. This represents the first use of NFT ticketing at […]
Read MoreSouth Korea’s Bold Leap: Lee Jae-myung Proposes Spot Crypto ETFs
Lee Jae-myung’s Bold Move to Legalize Spot Crypto ETFs in South Korea Lee Jae-myung, the leader of South Korea’s Democratic Party, has proposed a groundbreaking initiative to legalize spot cryptocurrency exchange-traded funds (ETFs) in the country. This move aims to enhance South Korea’s position in the global cryptocurrency market and stimulate the local economy. Legalizing […]
Read MoreSouth Korea’s Presidential Candidates Target 36% Crypto Voter Base
South Korea’s Presidential Hopefuls Woo Crypto Enthusiasts as Election Nears With South Korea’s presidential election on June 3 fast approaching, the country’s 16 million cryptocurrency investors, representing 36% of the voting population, are a crucial demographic being courted by political parties. This significant group, fueled by Bitcoin’s market cap surpassing the KOSPI, is at the […]
Read MoreSouth Korean Man Jailed 3 Years for $2M Crypto Scam: A Ponzi Scheme Unveiled
South Korean Man Sentenced to Prison for $2 Million Crypto Scam – **Person A sentenced to three years in prison** – **$2.04 million defrauded through crypto scam** – **Scam operated from December 2021 to August 2023** The Scam Unveiled Losing over $2 million to a crypto scam promising guaranteed returns is a nightmare that became […]
Read MoreSouth Korean Prosecutors Arrest Two for Fusionist (ACE) Token Manipulation Scheme
South Korean Prosecutors Crack Down on Fusionist (ACE) Token Price Manipulation South Korean prosecutors have arrested two individuals, Lee and Kang, for orchestrating a sophisticated price manipulation scheme involving the Fusionist (ACE) token. This case marks the first prosecution under the newly enacted Virtual Asset User Protection Act, highlighting the country’s aggressive stance against crypto […]
Read MoreSouth Korea Considers Foreign Crypto Investment with Strict AML Compliance
South Korea Eyes Foreign Crypto Investment Amid Regulatory Challenges Imagine a world where the infamous “Kimchi Premium” is no more. South Korea’s Financial Services Commission (FSC) might just make this a reality by considering allowing foreign investors into its cryptocurrency market, provided local exchanges meet stringent anti-money laundering (AML) requirements. This potential policy shift could […]
Read MoreSouth Korea Crypto Crisis: Investor Assaults Delio CEO, Haru Invest CEO Stabbed Amid Regulatory Crackdown
South Korea Cryptocurrency Crisis: Investor Assaults Delio CEO Over Lost Funds, Faces Fine A South Korean investor, driven to desperation by lost cryptocurrency funds, assaulted the CEO of bankrupt crypto lender Delio. This incident, part of a broader wave of tension between defrauded investors and crypto executives, has resulted in a fine for the assailant […]
Read MoreSouth Korea’s Public Officials Hold $9.8M in Crypto: New Disclosure Mandate in Effect
South Korean Public Officials Embrace Crypto: 20% Hold Digital Assets Worth 14.4 Billion Won – 20% of South Korean public officials hold cryptocurrency. – Total value of these holdings: 14.41 billion Korean won ($9.8 million). – Seoul City Councilor Kim Hye-young leads with 1.7 billion Korean won ($1.2 million) in 16 different cryptocurrencies. – New […]
Read MoreBithumb Raid: Ex-CEO Accused of Fund Misuse via Shell Companies
Bithumb’s Headquarters Raided Over Allegations of Fund Misuse by Former CEO In a shocking move, South Korean police stormed Bithumb’s headquarters, one of the country’s top crypto exchanges, over claims of massive fund misuse by its ex-CEO. This incident underscores the urgency for transparency and accountability within the cryptocurrency industry. Bithumb raided by South Korean […]
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