Tag: South Korea

The Bank of Korea (BOK) has launched a pilot programme for its first 24-hour international settlement network for the Korean won, allowing foreign investors to trade and settle transactions outside South Korea’s conventional banking hours. The system processed its first transaction worth approximately 1.4 billion won ($1 million) within 30 ...

South Korean police have booked 26 domestic users of decentralized prediction platform Polymarket for illegal gambling, referring 18 of them to prosecutors.  According to data released by the National Police Agency on September 17, the Gangwon Provincial Police Agency’s Cyber Investigation Unit found that the users collectively wagered 17.6 billion ...

Three new rehabilitation courts were opened in South Korea (Daejeon, Daegu, and Gwangju) in March 2026, and one of their first moves was to make crypto losses easier to walk away from. Under new guidelines, debts tied to cryptocurrency and stock investments are now excluded from the calculations that determine ...

South Korea will allow its sovereign wealth fund to invest in domestic industries for the first time under a new government plan aimed at boosting artificial intelligence, data centres and other strategic sectors. The government annouced Friday that it will establish a new 20 trillion won investment account under the ...

South Korea's Financial Services Commission (FSC) is moving ahead with plans to introduce a comprehensive Digital Asset Basic Act as the country works to expand its crypto regulatory framework beyond investor protection. Ahead of a July 29 policy briefing to the National Assembly, the regulator said it will work with ...

Former Incheon Mayor Yoo Jeong-bok and his wife were accused of failing to disclose around 21,000 crypto assets during South Korea’s June 3 local elections. The National Election Commission issued a correction notice on June 2 after finding that Yoo’s declared assets were about 78 million won lower than the ...

OKX’s Android app has returned to South Korea’s Google Play Store just four days after it was removed, allowing users to download the app again and receive updates. The move makes OKX the first major overseas crypto exchange to regain access after a wave of restrictions affected dozens of foreign ...

Circle has signed separate memorandums of understanding (MOUs) with South Korea's Kakao Group and fintech firm Toss to expand stablecoin payments, blockchain settlement and digital asset infrastructure as the country prepares new rules for the sector. The agreements bring Circle's USDC stablecoin and blockchain infrastructure into discussions with two of ...

South Korea is moving to bring blockchain-based payments into everyday commerce through a new project designed to reduce payment costs for small and micro businesses. The Korea Internet and Security Agency (KISA) and the Ministry of Science and ICT launched the Deposit Token Payment Infrastructure Expansion Project on July 22. ...

South Korea’s first central bank digital currency (CBDC) pilot is facing new scrutiny after a local report claimed the project moved forward without an independent government security inspection, raising concerns about oversight as the country expands its blockchain-based payment initiatives. According to Maeil Business, citing data submitted by the Financial ...