South Korea’s financial regulators have issued fresh directives requiring domestic asset managers to limit their exposure to crypto-related companies, such as Coinbase and MicroStrategy, within exchange-traded funds (ETFs). The move, confirmed on July 23, comes as the nation’s Financial Supervisory Service (FSS) seeks to reinforce a longstanding policy restricting institutional ...
South Korean prosecutors have launched an investigation into Kim Keon-hee, the former First Lady, examining her possible connections to a notorious cryptocurrency market maker accused of manipulating altcoin prices and committing large-scale financial fraud. Authorities are investigating whether Kim, who has faced earlier allegations of corruption and influence peddling, is ...
The former CEO of blockchain gaming firm Wemade, Jang Hyun-guk, has been acquitted of allegations that he manipulated the circulation of WEMIX tokens to influence market prices. According to a Tuesday report by local outlet News1, the Seoul Southern District Court ruled that Jang did not intend to deceive investors ...
South Korea has long been a major player in the global crypto market. Despite having a relatively small population, the country consistently ranks high in crypto trading volume, adoption rates, and blockchain innovation. From the days of the "Kimchi Premium," where Bitcoin traded at much higher prices in South Korea ...
Global crypto exchange Deepcoin has announced its successful integration with GOPAX, South Korea’s fifth-largest fiat-to-crypto exchange, a move finalized on June 23. This integration allows for compliant asset transfers between the two platforms, fully adhering to Korea’s Travel Rule framework. By leveraging the CODE solution, a Travel Rule Alliance initiative, ...
Authorities in South Korea have uncovered a massive illegal money exchange operation involving over $680 million in unregistered foreign currency transactions, primarily funneled through crypto-linked digital platforms such as Neteller Pay. In a statement released on June 26, the Busan Western District Prosecutors’ Office confirmed it had indicted two unlicensed ...
South Korea’s top commercial banks are uniting to launch a won-pegged stablecoin, marking a significant move to reclaim control over the domestic digital asset space as foreign-issued dollar stablecoins grow increasingly dominant. As reported on June 25 by Economic Review, eight major banks—KB Kookmin, Shinhan, Woori, Nonghyup, Industrial Bank of ...
The Financial Services Commission (FSC) of South Korea has announced a formal investigation into transaction fees charged by major domestic cryptocurrency exchanges, marking the first concrete move toward fulfilling President Lee Jae-myung’s campaign pledge to lower digital asset trading costs. Unveiled on June 19 during a policy report to the ...
South Korea’s ruling Democratic Party has introduced a groundbreaking bill to legalize the issuance of stablecoins by local companies, marking a major step forward for the country’s digital asset sector. The Digital Asset Basic Act, unveiled just days after President Lee Jae-myung’s election victory, aims to modernize South Korea’s crypto ...
MemeCore, the first Layer 1 blockchain dedicated to the emerging Meme 2.0 movement, has announced its strategic entry into South Korea through the acquisition of a KOSDAQ-listed company. Revealed on June 5, the move marks a pivotal milestone in the project’s broader global expansion, reflecting its ambition to tap into ...
