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News
A Man Tried to Set Himself on Fire at Upbit Offices in South Korea
2021-11-04T22:32:08.000+02:00
The unnamed South Korean individual was taken into custody by the police and charged with attempted arson.
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K-Pop Band BTS’ Management Agency Denies Ties with Army Coin
2021-10-29T23:41:09.000+02:00
Army Coin's price surged by over 5,000% when it was launched on Wednesday.
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South Korean Teachers Pension Fund Plans to Invest in Bitcoin ETF
2021-10-25T19:02:15.000+02:00
The Korean Teachers' Credit Union was established in 1971 in Seoul.
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Politician: South Korean Tax Authority Unprepared to Collect Crypto Taxes
2021-10-08T18:06:49.000+02:00
The opposition lawmaker says the NTS is not even clear on their definition of non-fungible tokens.
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Regulation
South Korea Could Delay Crypto Tax Law after Consensus from Ruling Party
2021-09-27T17:56:18.000+02:00
The Ministry of Economy and Finance could challenge the move made by the Democratic Party of Korea.
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Most South Koreans Support the Government to Tax Cryptocurrencies
2021-09-22T22:10:00.000+02:00
The survey found that just 33% of the participants opposed the crypto tax law.
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Institutional FX
Mobile Stock Trading Volume in South Korea Soared by 220% in 2020
2021-09-07T20:54:40.000+02:00
Data collected by local media outlets noted that 116.3 million trades were made on average per day in 2020.
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Executive Moves
Crypto.com Hires Former Visa Executive Patrick Yoon to Head South Korea
2021-09-07T11:11:10.000+02:00
He has extensive knowledge about the South Korean financial services landscape.
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News
Bithumb Bans Foreigners Who Failed Mobile Phone Verification
2021-09-03T10:57:53.000+02:00
The exchange is aligning its services with the requirements of the local authorities.
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Regulation
New South Korean Regulator Chief Calls to Not Delay Discussions on Cryptos
2021-08-31T20:56:34.000+02:00
Koh Seung-beom was confirmed as the new FSC chairman last week in a hearing at the National Assembly.
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Retail FX
KB Securities Is Investing $43M to Acquire an Indonesian Brokerage
2021-08-27T09:54:47.000+02:00
The approval of the deal is now pending with the Indonesian financial regulator.
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News
South Korea to Establish a Crypto-Focused Bureau amid Regulatory Tussles
2021-08-26T18:40:49.000+02:00
The KFIU will also set up a 'Policy Management Planning Division' as part of the brand-new bureau launch.
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Regulation
South Korea’s FSC Nominee Believes Cryptos Could Not Work as Currencies
2021-08-25T23:45:10.000+02:00
The top nominee to lead the South Korean financial watchdog does not see it feasible to recognize cryptos as financial assets.
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Crypto Exchange Upbit Registers with South Korean FIU
2021-08-23T12:21:29.000+02:00
Only four local crypto exchanges have mandatory banking deals to maintain real-name client accounts.
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South Korean Teacher Threatens Student with a Knife after Losing Bitcoins
2021-08-18T00:31:08.000+02:00
A 48-year-old South Korean teacher from a private academy even threatened to sue the student for losing the investment.
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Exchanges
Overseas Crypto Exchanges Are Refraining from Doing Business in South Korea
2021-08-17T20:58:36.000+02:00
A US-based cryptocurrency exchange has announced that it will stop offering services to South Koreans.
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News
Binance Terminates Services in Malaysia, South Korea
2021-08-13T13:53:54.000+02:00
The Malaysian regulator earlier ordered the exchange to exit the country within two weeks.
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Exchanges
Crypto Exchange Korbit Re-opens Offline Customer Center in Seoul
2021-08-11T23:06:00.000+02:00
Korbit opened its customer service offices in April 2018 but had to close them in January 2019.
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South Korea Investigates 33 People for Illicit Crypto-Related Transfers
2021-07-07T20:58:02.000+02:00
The Seoul Customs Office noted that four of them are still under investigation and will be soon prosecuted or fined.
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Regulation
South Korea’s FSC Could Join Other Regulators Stance towards Binance
2021-07-05T20:14:21.000+02:00
The crypto exchange is required to register its business under the new rulings imposed by the South Korean watchdog.
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News
Korean Banks Hostile against Crypto Exchanges with ‘Too Many’ Listings
2021-06-28T11:58:20.000+02:00
Several crypto exchanges recently dropped low-volume tokens and issued warnings against dozens.
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South Korean Bureau Condecorates Taxman for Finding $32M Worth in Cryptos
2021-06-24T23:25:27.000+02:00
Hwang Byung-gwang was praised due to his investigative skills in finding millions of dollars of undisclosed cryptocurrencies.
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South Korea Seizes over $47 Million Worth in Cryptos from Tax Evaders
2021-06-24T00:34:05.000+02:00
Authorities said that a TV personality and a doctor were among the tax dodgers caught in the crackdown.
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South Korean Tech Giant Launches Its Own Crypto Business
2021-06-23T01:23:18.000+02:00
The subsidiary will be led by the former head of the Hancom MDS software development arm.
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Exchanges
South Korean Exchanges Delisting Tokens to Push Compliance
2021-06-16T12:16:29.000+02:00
Exchanges are adding dozens of minor tokens to warning lists.
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