Latest News and Articles about South Korea
South 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 […]
Read MoreSouth Korea’s Stablecoin Bills Stall: Falling Behind in Global Crypto Race
South Korea’s Stablecoin Legislation Grinds to a Halt: Frustration Boils Over in Global Crypto Race South Korea, long a beacon of tech innovation and crypto adoption, is stuck in a regulatory quagmire over stablecoin legislation, leaving industry players and blockchain advocates fuming. As other nations sprint ahead with clear frameworks, this delay threatens to derail […]
Read MoreBank of Korea Rejects Non-Bank Stablecoins: Risk of Chaos or Regulatory Overreach?
Bank of Korea Slams Brakes on Non-Bank Stablecoins: Financial Chaos or Overreach? South Korea’s central bank, the Bank of Korea (BOK), has issued a stern warning against non-bank entities issuing stablecoins pegged to the Korean Won (KRW), citing risks of market confusion, monetary policy disruption, and even money laundering. Governor Lee Chang-yong, speaking at a […]
Read MoreSouth Korea’s FIU Overhauls AML Rules to Combat Stablecoin Risks Before 2025 Legislation
South Korea’s FIU Tackles Stablecoin Risks with AML Overhaul as Legislation Nears South Korea is making a critical move to rein in the wild potential of stablecoins, as the Financial Intelligence Unit (FIU) launches a major overhaul of its anti-money laundering (AML) protocols. With digital assets pegged to the South Korean Won (KRW) gaining traction, […]
Read MoreU.S. Stock Futures Stall: Is Crypto the Next Big Play Amid Fed Rate Uncertainty?
U.S. Stock Futures Frozen: Is Crypto the Real Play Amid Fed Uncertainty? Wall Street’s stuck in a tense standoff, with U.S. stock futures barely twitching as traders await the Federal Reserve’s next move on interest rates. Yet, while traditional markets fidget, a seismic shift is brewing—South Korean investors are ditching tech stocks for crypto assets […]
Read MoreJeju City Seizes $165K in Crypto from Tax Evaders in South Korea Crackdown
South Korea’s Jeju City Targets Crypto Tax Evaders, Seizes $165K in Digital Assets Jeju City, located on South Korea’s picturesque island province, has concluded a bold investigation into nearly 3,000 residents with unpaid taxes, uncovering and seizing cryptocurrency worth $165,458. This move sends a loud message to the Bitcoin and blockchain community: even decentralized assets […]
Read MoreSouth Korea’s Crypto Overhaul: Stablecoins and Deregulation Take Center Stage
South Korea’s Crypto Reform Accelerates: Stablecoins and Deregulation in the Spotlight South Korea is charging ahead with a transformative vision for cryptocurrency under President Lee Jae-myung, unveiling a five-year plan that could redefine its digital asset landscape. Announced on August 13, this strategy prioritizes deregulation and stablecoin innovation, but with regulatory debates simmering and global […]
Read MoreGangnam’s Ruthless Crypto Tax Crackdown: Seoul Seizes $244K in Assets
Gangnam’s Crypto Tax Crackdown: Seizing Assets in Seoul with Ruthless Precision Imagine waking up to find your Bitcoin wallet frozen, your hard-earned crypto held hostage by tax officials. In Seoul’s affluent Gangnam District, this is the harsh reality for tax evaders as authorities wield blockchain data like a digital sledgehammer. Since late 2023, they’ve confiscated […]
Read MoreBithumb Cuts Bitcoin Lending by 80% Amid South Korea Regulatory Crackdown
Bithumb Slashes Bitcoin and Crypto Lending Under South Korea Regulatory Pressure South Korea’s crypto heavyweight Bithumb has slammed the brakes on its lending ambitions, bowing to intense scrutiny from financial regulators. After launching with bold promises in July, the exchange has gutted its leverage ratios and lending caps, underscoring the fierce tug-of-war between decentralized innovation […]
Read MoreRipple Partners with BDACS to Push XRP and RLUSD in South Korea’s Crypto Market
Ripple’s Bold Move with BDACS: Pushing XRP and RLUSD into South Korea’s Crypto Frenzy Ripple has landed a strategic punch in South Korea, partnering with local cryptocurrency custodian BDACS to drive XRP and its stablecoin RLUSD straight into the institutional arena. Announced on August 5, 2025, this collaboration harnesses Ripple Custody for secure, regulated storage […]
Read MoreBitsonic CEO Shin Jin-wook Gets Second Jail Term for $115K Crypto Fraud
South Korean Bitsonic CEO Hit with Second Jail Term for Crypto Fraud Shin Jin-wook, the CEO of South Korean cryptocurrency exchange Bitsonic, has landed himself another prison sentence, further exposing the underbelly of smaller crypto platforms in a nation obsessed with digital assets. This latest conviction for fraud involving Bitsonic Coin (BSC) is just another […]
Read MoreSouth Korea Tightens Crypto Lending Rules: Bithumb and Upbit Face New Leverage Limits
South Korea Cracks Down on Crypto Lending: New Leverage Rules for Bithumb and Upbit South Korea is slamming the brakes on the high-stakes game of crypto lending, with regulators gearing up to impose strict guidelines on leverage-heavy products that have retail investors walking a financial tightrope. The Financial Services Commission (FSC) and Financial Supervisory Service […]
Read MoreSouth Korea Targets Upbit, Bithumb Over Risky Crypto Lending Practices
South Korea Clamps Down on Upbit and Bithumb Over Risky Crypto Lending Practices South Korean financial regulators have put Upbit and Bithumb, the country’s dominant cryptocurrency exchanges, under intense scrutiny over their high-leverage crypto lending and margin trading products launched in July 2025. With leverage ratios as high as 4:1, concerns about investor safety, potential […]
Read MoreTrump-South Korea Trade Deal: Tariff Cuts and Crypto Potential Unveiled
Trump’s South Korea Trade Deal: Tariff Cuts, Investments, and a Crypto Opportunity? President Trump has inked a fresh trade agreement with South Korea, scaling back a previously threatened 25% tariff on their imports to a more digestible 15%, a move signaling both compromise and continued U.S. muscle-flexing. Shared through Trump’s Truth Social platform, this deal […]
Read MoreSouth Korea’s Bank of Korea Forms Cryptoassets Department for Stablecoin Regulation
South Korea’s Bank of Korea Launches Cryptoassets Department for Stablecoin Oversight South Korea’s central bank, the Bank of Korea (BOK), has taken a decisive step into the cryptocurrency realm by establishing a new Cryptoassets Department within its Financial Settlement Bureau. This move, centered on monitoring Korean won (KRW)-pegged stablecoins and navigating legislative shifts, signals Seoul’s […]
Read MoreSouth Korea’s Political Giants Battle Over Stablecoin Rules: Interest or Stability?
South Korea’s Political Titans Clash Over Stablecoin Rules: Innovation or Risk? South Korea has thrown its hat into the global stablecoin ring, with the nation’s two powerhouse political parties—the ruling Democratic Party (DP) and the opposition People Power Party (PPP)—rolling out rival bills on July 28, 2025, to regulate Korean Won (KRW)-pegged digital assets. This […]
Read MoreSouth Korea Crypto Exchanges Pay $87M in Interest: Regulation Win or Centralization Threat?
South Korea Crypto Exchanges Pay $87M in Interest: Regulation Win or Centralization Risk? South Korean cryptocurrency exchanges have dropped a bombshell, shelling out $87 million (120.26 billion won) in interest on fiat deposits to customers over the past year. This eye-popping figure stems from a bold regulatory move, but it also raises prickly questions about […]
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