South Korea Financial News

16.06 / 06:37

business Blockchain Technology Investments Web3 Withdrawals Delio South Korean Bitcoin lending platform Delio pauses withdrawals

Delio, a virtual asset manager and lending platform based in South Korea, has announced the temporary suspension of customer withdrawals “in order to safely protect the assets of customers currently in custody.”

16.06 / 05:24

UPS Provident CEO Platform Bitcoin Suspends Withdrawals Delio S Korean Crypto Lender Delio Suspends Withdrawals – What Do We Know?

The South Korean crypto lending platform Delio says it is “temporarily” suspending deposits and withdrawals, as financial regulators say they are “investigating” the situation.

16.06 / 04:49

UPS CoinMarketCap Remark HANS Terraform Labs Luna Terra Luna Classic Price Prediction as LUNC Becomes Best Performing Coin of the Day Despite Crypto Market Crash – What's Going On?

Terra Luna Classic (LUNC) has demonstrated remarkable resilience in the face of the recent cryptocurrency market crash.

16.06 / 04:28

business Adoption Google Research Meta tech startups AI startup seed funding AI startup by ex-Meta and Google researchers raises $113M in seed funding

A brand new artificial intelligence (AI) startup dedicated to rival ChatGPT creator, OpenAI, raised $113 million in seed funding, bringing up its valuation to $260 million within two months of inception.

16.06 / 02:42

regulation Terraform Labs Terra bail Extradition Do Kwon heading into extradition custody in Montenegro after receiving bail: Report

Terraform Labs co-founder Do Kwon will reportedly be taken into extradition custody in Montenegro, according to a report by the regional edition of Radio Free Europe (RFE). He also faces questions about ties to a local political figure.

16.06 / 02:00

business Blockchain Technology Investments Haru Invest files criminal complaint against consignment operator

B&S Holdings, formerly known as Aventus, a consignment operator, has been alleged by South Korean yield platform Haru Invest of submitting fraudulent management reports containing “false information” and deceiving the company and its users.

13.06 / 21:16

business Blockchain Crypto yield platform Haru suspends transfers after investigation

On June 13, South Korean yield platform Haru Invest announced that it would be suspending deposits and withdrawals effectively immediately. "First of all, the company sincerely apologizes that its latest announcement has caused concerns to our valued investors and customers," Haru said, claiming that "certain information provided by a consignment operator was suspected to be false" during an "internal inspection process," thus leading to the transfer halt.

12.06 / 01:23

UPS Lowe's UBS Nikkei recovery Investors are eyeing China's neighbors as the recovery from 'zero-Covid' slows

China's lackluster economic recovery since emerging from strict «zero-Covid» lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near neighbors.

10.06 / 12:25

business Technology Adoption ChatGPT OpenAI CEO highlights South Korean chips sector for AI growth, investment

Sam Altman, the CEO of ChatGPT developer OpenAI, met with South Korean President Yoon Suk Yeol on June 9 and urged South Korea to play a leading role in manufacturing the chips needed for artificial intelligence (AI) technology. Altman also expressed an interest in investing in Korean startups and collaborating with bigger chipmakers like Samsung Electronics.

08.06 / 15:17

Market Distortion Caused by Regulation- Disparity in Token Prices in Centralized vs. Decentralized Exchange

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08.06 / 14:59

Legal Terraform Labs Korean Prosecutors Target Terra Founder Do Kwon's Crypto Assets Amid Multi-Country Legal Issues

Korean prosecutors are targeting the cryptocurrency assets of Do Kwon, the founder of failed blockchain project Terra.

08.06 / 06:03

business regulation Court Terraform Labs Terra Prison Do Kwon could serve prison in both US and South Korea, prosecutor says

Terraform Labs co-founder and CEO Do Kwon may be subject to multiple sentences in the United States and South Korea, according to a senior South Korean prosecutor heading the investigation.

08.06 / 02:55

Provident Target Platform North Korean ‘Crypto Hackers Targeted S Korean Ministers’ – What Do We Know?

North Korean crypto hackers “targeted South Korean ministers” in a campaign last year, Seoul-based police officials have claimed.

08.06 / 01:07

XRP SEC Fighting HANS Terra S Korean Court Set to Decide If LUNC Is a Security – Trial of Terraform’s Shin to Begin

The trial of the Terraform Labs Co-founder Daniel Shin is set to begin in South Korea – with prosecutors determined to prove that Terra Classic (LUNC) is a security.

07.06 / 09:49

business Binance regulation SEC security Deal sec lawsuit GoPax SEC lawsuit against Binance stalls Gopax acquisition deal in South Korea

The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance could damage the crypto exchange’s business opportunities in South Korea.

06.06 / 19:16

regulation crimes Court LUNC Terraform Labs Terra bail Do Kwon out on bail once again after court dismisses prosecution appeal

According to an official release from the court, an appeal against an earlier bail agreement by the State Prosecutor’s office was cast aside allowing Do Kwon and Terraform Labs’ chief financial officer Han Chang-Joon to await further legal proceedings under house arrest in the country.

06.06 / 17:17

CEO HANS Terra bail Do Kwon Set for Bail After Montenegro Ruling – LUNC Prices on the Rise

A fresh Montenegro court ruling means Do Kwon, the Terraform Labs founder and CEO, could be released on bail again.

06.06 / 16:01

event Blockchain Ethereum Dev shares how ENS plays a role in decentralized social media

As decentralized social media becomes one of the central topics at the Buidl Asia event held in South Korea, Cointelegraph spoke with Ethereum Name Service (ENS) developer Makoto Inoue onlineto find out more about Web3 social media, its potential to replace Web2 and the roles of ENS and the metaverse in this new social media paradigm.

02.06 / 10:19

Binance coinbase ByBit Crypto Exchange regulatory Binance Experiences Market Share Decline Post Regulatory Clampdown

Binance has seen its market share shrink by 25% over the last three months amid increased regulatory pressure from US regulators.

01.06 / 09:03

Blockchain regulation Crypto.com Crypto.com joins ranks of licensed payment institutions in Singapore

The Singapore-based cryptocurrency exchange, Crypto.com, announced on June 1 that it had been granted a major payment institution (MPI) license for digital payment token (DPT) services by the Monetary Authority of Singapore (MAS).

31.05 / 02:57

Man CEO Platform scam S Korean Police Bust Two ‘Crypto Scam Rings’ Worth a Combined $350m – Crypto Fraud on the Rise?

South Korean police have shut down two suspected crypto scams they think are worth a combined $350 million, with hundreds of victims believed to have been duped.

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