Latest News and Articles about South Korea
South 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 […]
Read MoreUpbit Challenges Wu Blockchain’s $10M Listing Fee Claims: Demands Proof Amid Regulatory Scrutiny
Upbit Challenges Wu Blockchain on Listing Fee Allegations: Demands Proof South Korea’s leading cryptocurrency exchange, Upbit, faces serious allegations from Wu Blockchain, claiming that the exchange charges hefty intermediary fees for token listings. Upbit has vehemently denied these accusations and is challenging Wu Blockchain to provide concrete evidence. This controversy emerges amidst heightened regulatory scrutiny, […]
Read MoreBithumb Raided Over $2M Misconduct: Crypto Exchange’s Future in Jeopardy
Bithumb Under Investigation Amid Financial Misconduct Claims South Korean prosecutors raided Bithumb’s headquarters on March 20, 2025, launching an investigation into allegations of financial misconduct. The probe zeroes in on a 3 billion KRW ($2 million) security deposit used to secure an apartment rental for former CEO Kim Dae-sik. This latest scandal is a stark […]
Read MoreSouth Korea Rejects Bitcoin Reserves, Echoing Global Central Bank Caution
South Korea Joins Global Choir in Rejecting Bitcoin Reserves Amid Crypto Enthusiasm On March 17, 2025, South Korea’s central bank, the Bank of Korea, announced its rejection of Bitcoin as a reserve asset, citing the cryptocurrency’s notorious volatility. Despite the country’s vibrant crypto scene, this decision aligns with global trends where other major central banks […]
Read MoreSouth Korean Official Sentenced for Embezzling $342K in Crypto Scam
Government Official in South Korea Forged Documents to Funnel Funds into Crypto Can you imagine a government official using flood relief funds to gamble on cryptocurrencies? It’s not a plot from a thriller movie; it’s a stark reality in South Korea. Person A, a civil servant at Cheongju City Hall, siphoned off a staggering 497.16 […]
Read MoreSouth Korea Launches Two-Phase Crypto Framework for Institutions in April
South Korea’s Strategic Leap into Institutional Crypto Investment South Korea is taking a bold step to integrate institutional investors into its thriving cryptocurrency market. The Financial Services Commission (FSC) is set to roll out a two-phase regulatory framework starting in April, aimed at fostering a secure and stable environment for crypto investments while aligning with […]
Read MoreSouth Korean “Coin King” Jonbur Kim Park Re-Arrested for $47M Artube Coin Fraud
South Korean Crypto Figure Jonbur Kim Park, “Coin King,” Re-Arrested for $47M Artube Coin Fraud Jonbur Kim Park, the notorious “Coin King,” is back in custody after being re-arrested for a $47 million cryptocurrency fraud involving Artube coin, mere weeks after his release on bail for a previous scam. This latest incident not only showcases […]
Read MoreSouth Korea Busts Bitcoin-Funded Drug Ring, 90 Arrested
South Korea’s Major Drug Bust Targets Cryptocurrency-Funded Gang In a dramatic sweep across South Korea, police have dismantled a sophisticated drug network, arresting 90 Vietnamese nationals who used Bitcoin to fuel their operations. The gang smuggled synthetic cannabis, ketamine, and MDMA, cleverly disguised as everyday items. 90 Vietnamese nationals arrested in South Korea. Drugs smuggled […]
Read MoreSouth Korea to Launch Bitcoin and Ethereum ETFs by 2025: A New Era of Crypto Investment
Bitcoin and Ethereum ETFs Poised for Launch in South Korea in 2025 Seo Yoo-seok, president of the South Korea Financial Investment Association (KOFIA), is pushing for the introduction of Bitcoin and Ethereum spot-traded ETFs in South Korea by 2025, despite the country’s cautious approach to crypto regulation. Seo Yoo-seok advocates for Bitcoin and Ethereum ETFs […]
Read MoreSouth Korean P2P CEO Accused of Embezzling Funds for Crypto: Investor Plans Legal Action
South Korean P2P CEO Accused of Diverting Client Funds into Crypto: A Betrayal of Trust In a shocking turn of events, the CEO of a prominent South Korean P2P lending firm has been accused of a financial betrayal that could shake the foundations of the industry. Instead of building homes, it seems the CEO was […]
Read MoreSouth Korea’s JIU Becomes Permanent Crypto Crime Unit
South Korea’s JIU: A Permanent Force Against Crypto Crime South Korean prosecutors are set to make the Joint Investigation Unit (JIU) for Virtual Asset Crimes a permanent fixture in their fight against crypto-related crimes, transitioning from a temporary task force to a full-fledged department. JIU to become permanent crypto crime unit in South Korea Originally […]
Read MoreUpbit and Bithumb Pay Record $2.5M Crypto Compensation in South Korea After System Failures
Upbit and Bithumb Set Record with Biggest Ever Crypto Compensation in South Korea In a historic move following a tumultuous period, South Korea’s leading crypto exchanges, Upbit and Bithumb, have agreed to pay out the largest compensation in the nation’s crypto history due to system failures caused by a martial law declaration and a Bitcoin […]
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