Tag: South Korea

Ki Young Ju, CEO and founder of CryptoQuant, has voiced strong concerns about South Korea's economic trajectory, criticizing current government policies for exacerbating economic instability and diminishing the appeal of domestic assets. In a recent post on X, Ki highlighted the strengthening of the Korean Won as a key issue, ...

Kim Nam-guk, a former Democratic Party lawmaker in South Korea, is reportedly facing up to six months in prison after prosecutors accused him of hiding millions in cryptocurrency holdings and failing to properly disclose his wealth during financial reporting in 2021 and 2022. According to local reports, Kim allegedly did ...

Jeong Eun-bo, chairman of the South Korea Exchange, has emphasized the growing importance of the virtual currency market, which he believes has become too significant for traditional markets to ignore.  In an interview with South Korea's Maeil Kyungjae, Eun-bo emphasized the need to institutionalize the cryptocurrency market, much like traditional ...

South Korea’s Digital Asset Protection Foundation has officially commenced operations to protect cryptocurrency users impacted by the closure of several exchanges in the country. According to local reports, the Foundation is working to complete the transfer of assets from up to eight closed crypto companies by the end of the ...

South Korea's leading cryptocurrency exchange, Upbit, has officially announced the listing of MOCA, the native token of the metaverse project, Mocaverse, with trading set to commence on December 16, 2024, at 2:00 PM Koeran time.  MOCA will be available for trading in three pairs: Korean Won (KRW), Bitcoin (BTC), and ...

South Korea's Financial Supervisory Service (FSS) has begun investigating the cryptocurrency exchange Coinone due to significant price fluctuations in the MOVE token. According to a report from the local news outlet MTN, the investigation seeks to identify any potential cases of unfair trading. The investigation stems from a dramatic price ...

Crypto Man, a highly anticipated South Korean film, is set to hit theatres on January 15, 2025. The movie, inspired by real events surrounding a $34.9 billion cryptocurrency market collapse, explores the societal and financial fallout of the crisis. According to South Korean media outlet JTBC, the movie's director, Hyun ...

South Korea has delayed the implementation of its controversial 20% cryptocurrency tax for the third time, extending the deadline to 2027. Democratic Party (DP) floor leader Park Chan-dae announced a postponement of cryptocurrency tax enforcement, citing the need for more institutional preparation and a comprehensive overhaul of existing frameworks. This ...

South Korea’s Financial Services Commission (FSC) is taking a cautious stance on digital assets amid growing calls to establish a national Bitcoin reserve.  Speaking to Newsprime on November 24, FSC Chairman Kim Byung-hwan described the idea of a Bitcoin reserve as “a distant story at the moment.” Kim acknowledged the ...

South Korean authorities have identified North Korean hacker groups Lazarus and Andariel as responsible for the $50 million Upbit cryptocurrency hack in 2019. The stolen Ethereum, initially worth 58 billion won, has surged to around 1.47 trillion won due to rising crypto prices. On November 21, the National Investigation Headquarters ...