South Korea Financial News
20.04 / 17:29
business
Blockchain
Hong Kong Crypto
crypto ETFs
regulatory
Despite regulatory clarity, Hong Kong crypto ETFs experience lukewarm demand
According to a report published by the Hong Kong Stock Exchange (HKSE), two Bitcoin (BTC) exchange-traded funds (ETF) and an Ethereum (ETH) ETF listed on HKSE averaged 9.30 million Hong Kong dollars ($1.19 million) in daily trading volume from Dec. 16, 2022, to Feb. 7, 2023. As the first region in Asia to provide such access to crypto ETF products, Hong Kong exchange operators praised regulator clarity for its role in "seizing opportunities in virtual asset development."
20.04 / 11:59
regulation
Altcoin
Police
Terraform Labs
Terra
Terra co-founder Do Kwon reportedly indicted for document forgery
Prosecutors in Montenegro have reportedly issued the indictments to Terra co-founder Do Kwon after arresting the executive in late March.
19.04 / 11:21
Binance
Aware
CEO
HANS
Terraform Labs
Bitcoin
Terraform Labs CEO Sent $7 Billion to Law Firm Before Ecosystem Collapse
South Korean prosecutors have confirmed that Terraform Labs CEO Do Kwon sent $7 billion to Kim & Chang, a top South Korean law firm, just before the collapse of the Terra ecosystem. The prosecutors believe that Kwon's decision to send the funds was a deliberate move that allegedly reaffirmed his awareness of the impending collapse and anticipated legal problems. The law firm's lawyers also visited Montenegro to meet with Kwon and Terraform's former CFO, Han Chang-joon.
19.04 / 11:11
18.04 / 16:01
Blockchain
Provident
Target
Platform
Oracle
analysts
network
Analysts Predict Price Surge From TMS Network (TMSN) In Coming Months, Beating Klatyn (KLAY) And Cardano (ADA)
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
18.04 / 11:37
18.04 / 08:45
Aware
CEO
Platform
HANS
Bitcoin
Terraform Labs CEO Sends Millions to Law Firm Before Collapse
South Korean prosecutors have confirmed that Terraform Labs CEO, Do Kwon, sent 9 billion won ($7 billion) to Kim & Chang, a top South Korean law firm, right before the spectacular collapse of the Terra ecosystem. This move by Kwon has been flagged by prosecutors as deliberate, reaffirming his awareness of the impending collapse and anticipated legal problems.
17.04 / 09:27
TerraUSD
Terra Luna
Terra
New Report: Terra Founder Do Kwon Sent Millions of Dollars to Law Firm Before Collapse of Terra – Here's What You Need to Know
Terraform Labs founder Do Kwon sent millions in funds to a local law firm in South Korea just before the implosion of the Terra ecosystem.
16.04 / 09:53
Ethereum
ETH
Tether
Action
CoinMarketCap
Bitcoin
ApeCoin Experiences Sharp Price Surge on South Korean Exchange
On April 12, the price of ApeCoin (APE), which is an ERC-20 token that was produced by Yuga Labs, had a large spike, reaching $90.00 per token on the cryptocurrency exchange that is known as Upbit and which is based in South Korea. The price surge was just a brief phenomenon, however, and was followed by a sharp collapse that wiped out the bulk of the profits. In spite of this fact, APE is still trading at a significant premium of around $4.50 above other exchanges, with each token going for $10.90 at the time this article was published.
15.04 / 09:43
business
Law
regulation
LUNC
Terraform Labs
Terra
Lawyers
Do Kwon lawyers received $7 million before Terra collapse: Report
South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent 9 billion won ($7 billion) to Kim & Chang — a top South Korean law firm — right before the spectacular collapse of the Terra ecosystem.
14.04 / 11:19
business
hacks
hot wallet
Bitcoin
Crypto exchange Bitrue suffers $23M hack due to hot wallet eploit
Bitrue cryptocurrency exchange has suffered a hot wallet exploit that allowed the attackers to withdraw various crypto assets worth nearly $23 million.
14.04 / 06:55
Blockchain
Report
Gaming
Asia
Sony
Asia’s current gaming domination ‘crucial’ for Web3 games: DappRadar
Asia is “crucial” to the Web3 gaming industry as it already boasts the majority share of gamers, gaming revenue and has a high interest in blockchain technology a new report suggests.
13.04 / 13:09
UPS
Provident
CEO
Remark
Terra
Lawyers
Lawyers Unsure of Fate of Do Kwon’s ‘Missing $37B’ – Will Investors Ever Get Their Money Back?
South Korean legal experts are unsure if “victims” of fraud allegedly committed by Do Kwon and Terraform Labs executives will ever be able to recoup their funds – with an estimated $37 billion now “missing.”
13.04 / 11:17
Citi
Crime
Man
Bitcoin
Korean ‘Crypto Murder’ Case: Couple Paid ‘Killer’ – Here’s What We Know
A couple at center of a crypto murder-kidnap case that has rocked South Korea have reportedly confirmed that they gave money to the suspected killer of a 48-year-old woman.
12.04 / 15:43
Altcoin
Upbit
surges
ApeCoin surges 1,950% on South Korean crypto exchange Upbit
On April 12, Yuga Labs' ERC-20 token ApeCoin (APE) briefly surged to $90.00 from around $4.20 apiece on the South Korean cryptocurrency exchange Upbit before most gains were wiped out in a sharp sell-off. However, the token is still trading at $10.90 apiece at the time of publication, representing a significant premium of around $4.50 compared to other exchanges.
12.04 / 13:27
UPS
Binance
Southern
Bitcoin
Threat
Terra Founder Do Kwon’s Crypto Stash Under Threat as S Korean Prosecutors Make Move
South Korean prosecution officials want to freeze crypto holdings and cash belonging to the Terraform Labs founder Do Kwon, and have asked a court to help them freeze funds located in Switzerland and elsewhere.
11.04 / 15:31
Cooper
CEO
Merit
Action
Southern
HANS
Terra founder Do Kwon invites more trouble, million in assets to be frozen
According to a recent Forkast news report, the Seoul Southern District Prosecutors’ Office has frozen 7.1 billion Korean won ($5.36 million) in assets belonging to Terraform Labs CEO Kwon “Do Kwon” Do-hyung.
10.04 / 16:25
business
Blockchain
Adoption
Hackers
Cybersecurity
security
Bitcoin
South Korean crypto exchange GDAC hacked for nearly $14M
South Korean crypto exchange GDAC has been hacked for approximately $13.9 million worth of crypto. The exchange has halted all deposits and withdrawals and is performing emergency server maintenance in response to the attack, according to an April 10 announcement from GDAC CEO Han Seunghwan.
07.04 / 15:05
security
Legal
Bitcoin
creditors
open
Today in Crypto: Do Kwon Converted Millions in Illicit Funds to BTC, Robinhood to Pay $10.2M in Penalties, Mt Gox Creditors Repayment Window Now Open
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
07.04 / 10:55
Binance
regulation
Terra Luna
Terraform Labs
Terra
Bitcoin
Do Kwon converted illicit funds from Luna to Bitcoin: S.Korean prosecutors
South Korean prosecutors have identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Do Kwon and his associates. Out of the $314 million identified illicit assets, prosecutors have linked about 91.4 billion won ($69 million) of the specified amount to Kwon.
07.04 / 08:49
Blockchain
Why AVAX could dampen investor hopes despite Avalanche’s endeavors
The future just got a lot more promising for the Avalanche [AVAX] blockchain network. This is because the network just jumped to the forefront of South Korea’s WEB developments revealed in a recent announcement.
breaking news about South Korea
What is the current situation in South Korea?
In South Korea, the spotlight is on socially significant developments that spark public discussion.
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We publish in-depth coverage about the situation in South Korea, based on information from official representatives.
What shapes the media agenda in South Korea?
The news landscape of South Korea is shaped by major cultural and social events, reflecting its unique context.
