Latest News and Articles about South Korea
South Korea Loses $110B in Crypto to Harsh 2025 Regulations, Binance Gains Big
Crypto Exodus: $110 Billion Leaves South Korea in 2025 Over Harsh Regulations South Korea, a former powerhouse in the crypto realm, has watched a staggering $110 billion (₩160 trillion) drain from its domestic exchanges in 2025, as frustrated investors flocked to overseas platforms like Binance and Bybit. This colossal capital flight, sparked by suffocating regulations […]
Read MoreSouth Korea’s $110B Crypto Exodus in 2025: Why Traders Flee to Foreign Exchanges
South Korean Crypto Traders Invest $110 Billion in Overseas Exchanges in 2025: Why? South Korean cryptocurrency investors have unleashed a financial tidal wave, transferring a jaw-dropping ₩160 trillion—roughly $110 billion—to overseas exchanges in 2025. According to a joint report by CoinGecko and Tiger Research, this capital outflow, nearly triple the amount seen in 2023, highlights […]
Read MoreSouth Korea Inflation Persists: Is Bitcoin a Viable Hedge Amid Economic Strain?
South Korea’s Inflation Slows but Pressures Mount: Could Bitcoin Be a Lifeline? South Korea’s consumer price inflation dipped slightly to 2.3% year-over-year in December from 2.4% in November, meeting economists’ expectations but still hovering above the Bank of Korea’s (BOK) 2% target for the fourth consecutive month. Despite this marginal relief, persistent rises in food […]
Read MoreSouth Korea Tightens Crypto Grip: Travel Rule Targets Transfers Under $700
South Korea Crypto Crackdown: Travel Rule Hits Small Transfers Under 1M Won South Korea is rolling out a hard-hitting update to its cryptocurrency regulations, extending the “travel rule” to transfers below 1 million won (about $700 USD), a limit that previously escaped identity verification. Spearheaded by the Korea Financial Intelligence Unit (FIU), this move aims […]
Read MoreSouth Korea’s AI Basic Act Ignites Fury: A Warning for Blockchain and Crypto Innovation
South Korea’s AI Basic Act Sparks Outrage: A Red Flag for Blockchain and Decentralized Tech? South Korea, a heavyweight in global tech, is stirring up a hornet’s nest with its AI Basic Act, slated to kick in on January 22, 2025. Billed as the nation’s first comprehensive framework for artificial intelligence, the law targets “high-impact […]
Read MoreSouth Korea’s Consumer Confidence at 109.9: A Bitcoin Boost Amid Economic Challenges?
South Korea’s Consumer Confidence Stays Robust at 109.9: A Crypto Opportunity Amid Economic Strain? South Korea’s consumer confidence remains a beacon of stubborn hope, landing at 109.9 in December and holding above the neutral threshold of 100 for the eighth consecutive month. Despite a slight drop from November’s eight-year peak, this sustained optimism among households—against […]
Read MoreBC Card’s Stablecoin Pilot Success Amid South Korea’s Regulatory Delays
South Korean Giant BC Card Completes Stablecoin Payment Pilot Amid Regulatory Uncertainty South Korea’s payment powerhouse, BC Card, has wrapped up a two-month pilot program that could redefine how foreigners spend money in the country. Imagine scanning a QR code to pay for a steaming bowl of bibimbap in Seoul—no cash, no exchange fees, just […]
Read MoreSouth Korea’s CBDC Pilot Sparks Privacy Fears and Stablecoin Regulatory Clash
South Korea Pushes Forward with CBDC Pilot for Subsidy Payments Amid Privacy Fears and Regulatory Chaos South Korea is charging ahead in the global race for digital currency dominance as the Bank of Korea (BoK) prepares the second phase of its central bank digital currency (CBDC) pilot, specifically targeting government subsidy distribution. This ambitious step […]
Read MoreSouth Korea’s 2026 AI Law: Boosting Innovation or Crushing Startups?
South Korea’s 2026 AI Regulations: Innovation Catalyst or Industry Killer? South Korea is on the brink of a historic milestone, set to become the first nation to enforce a comprehensive AI regulatory framework with the AI Framework Act, slated for implementation on January 22, 2026. This bold push could cement the country’s status as a […]
Read MoreSouth Korea Police Arrested in $66K Crypto Bribe Scandal with $186M Laundered
South Korea Cracks Down: Police Officers Arrested in Crypto Crime Bribe Scandal South Korea, a global hub for tech and cryptocurrency adoption, has been rocked by a damning scandal that lays bare the ugly intersection of digital assets and corruption. Two police officers have been arrested for allegedly accepting bribes from operators of illegal cryptocurrency […]
Read MoreUpbit Loses $36M in Solana Hack: Exchange Security Flaws Exposed Again
$36 Million Vanished: Solana Hack Targets South Korea’s Upbit Exchange South Korea’s crypto heavyweight Upbit took a devastating hit on November 27, 2025, losing $36-37 million in a Solana-network hot wallet hack. Detected at 04:42 KST, this “abnormal withdrawal” has ripped open old wounds about centralized exchange vulnerabilities, spotlighting the urgent need for ironclad security—or […]
Read MoreSouth Korea Slams Crypto Exchanges with Billions in Fines for AML Failures
South Korea’s Crypto Crackdown: AML Failures Bring Billions in Fines South Korea, a global hotspot for Bitcoin frenzy and sky-high trading volumes, is now the epicenter of a regulatory storm as its financial watchdog prepares to hammer major cryptocurrency exchanges with fines worth billions of won for failing to meet anti-money laundering (AML) standards. This […]
Read MoreAsia’s Crypto Media in 2025: Top 18 Publishers Control 82% of Traffic
Asia’s Crypto Media Market in 2025: Traffic Locks Down Among Elite Publishers Asia’s crypto media landscape is turning into a fortified stronghold as of Q2 2025, with a staggering 82% of web traffic now controlled by just 18 top-tier publishers. This isn’t just a shuffle—it’s a clear sign of a maturing audience that values trust, […]
Read MoreBank of Korea Warns: Non-Bank Stablecoins Risk Financial Chaos in South Korea
Bank of Korea Raises Red Flags on Non-Bank Stablecoins: Financial Chaos Ahead? South Korea’s central bank, the Bank of Korea (BOK), has issued a stern warning about the growing trend of stablecoins pegged to the Korean Won (KRW) being issued by non-bank entities. Governor Lee Chang-yong, speaking at a recent press conference, flagged serious risks […]
Read MoreSouth Korea’s Crypto Crisis: 1,400-Fold Surge in Suspicious Transfers to Cambodia
Crypto Crime Explosion: South Korea to Cambodia Transfers Surge 1,400-Fold in 2024 South Korea, a titan in the global cryptocurrency arena, is facing a staggering crisis as suspicious crypto transfers to Cambodia skyrocketed 1,400-fold last year. This alarming spike exposes deep flaws in anti-money laundering (AML) enforcement and raises tough questions about the balance between […]
Read MoreNextrade Captures 30% of South Korea’s $2.4T Stock Market, Challenges KRX Dominance
Nextrade Shakes Up South Korea’s $2.4 Trillion Stock Market with a 30% Slice South Korea’s financial landscape is undergoing a radical transformation as Nextrade, a brash new stock exchange launched in March, has surged to capture nearly 30% of the nation’s massive $2.4 trillion equity market. From a humble start at under 4% market share, […]
Read MoreSouth Korea’s Crypto Tax Crackdown: NTS Targets Cold Wallets in Privacy Battle
South Korea Crypto Tax Crackdown: NTS Targets Cold Wallets and Tax Evasion South Korea’s National Tax Service (NTS) is unleashing a relentless assault on cryptocurrency tax evasion, targeting assets hidden in cold wallets and overseas exchanges. With an investor base ballooning to 10.77 million by June 2025 and crypto-related crimes hitting unprecedented levels, the NTS […]
Read MoreSouth Korea’s Crypto Crackdown: Cold Wallet Seizures and Tax Enforcement Escalate
South Korea Targets Crypto Cold Wallets in Tax Crackdown: What You Need to Know South Korea’s National Tax Service (NTS) has dropped a bombshell on cryptocurrency holders with a stark ultimatum: settle your debts, or we’ll raid your home and seize your cold wallets. Announced on October 9, this aggressive escalation in tax enforcement extends […]
Read MoreSouth Korea’s 6.1% Export Drop: Trade Woes and a Bitcoin Lifeline?
South Korea’s Export Drop of 6.1% in September: Trade Tensions and a Crypto Lifeline? South Korea, a titan of global trade, has hit a rough patch with exports plunging 6.1% in September compared to last year, a stark signal of distress for an economy where over 40% of GDP hinges on trade. With U.S. President […]
Read MoreTrump’s $900B Demand on South Korea & Japan: A Push for Bitcoin Adoption?
South Korea and Japan Slam Trump’s Billion-Dollar Funding Demands: A Crypto Wake-Up Call? President Donald Trump’s aggressive trade negotiations have sparked fierce resistance from South Korea and Japan, both of whom are pushing back against astronomical financial demands tied to tariff reductions. South Korea faces a staggering $350 billion investment request, while Japan is on […]
Read MoreHwang Jung-eum Sentenced in $3.1M Crypto Embezzlement Scandal in South Korea
South Korean Actress Hwang Jung-eum Sentenced in $3.1M Crypto Embezzlement Scandal Can a K-drama star’s tumble into crypto fraud signal the end of unchecked digital speculation in South Korea? Actress Hwang Jung-eum has just been slapped with a suspended two-year prison sentence for embezzling roughly $3.1 million (₩4.34 billion) from her agency, with the vast […]
Read MoreNaver Eyes Dunamu Acquisition to Dominate South Korea’s Crypto Market with Upbit
South Korean Tech Powerhouse Naver Targets Upbit Operator Dunamu in Major Crypto Deal South Korea’s internet juggernaut Naver is poised to make a game-changing move, with reports of advanced negotiations to acquire control over Dunamu, the operator of Upbit, the country’s leading cryptocurrency exchange and a top global player. Through its fintech arm, Naver Financial, […]
Read MoreSouth Korea’s Ruling Party Launches Crypto Task Force to Revolutionize Blockchain Policy
South Korea’s Ruling Party Ignites Crypto Revolution with New Task Force South Korea, a global hotspot for crypto trading fervor, has just dropped a bombshell that could redefine the future of digital finance. The ruling Democratic Party (DP) announced the formation of a dedicated task force on September 24 at the National Assembly, aiming to […]
Read MoreSouth Korea’s Crypto Tax Seizures: Cheongju Residents Lose Millions in Crackdown
South Korea’s Crypto Tax Crackdown: Over 200 Residents Hit Hard in Cheongju Seizures South Korea is swinging a heavy hammer at tax evasion, and for over 200 residents in Cheongju, the blow landed right on their crypto wallets. Local authorities have seized digital assets worth millions to settle unpaid taxes, a move that’s both a […]
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