South Korea Financial News

07.02 / 16:19

TerraUSD Terra South Korean Officials Traveled to Serbia to Locate Terra's Do Kwon

A group of South Korean officials has traveled to Serbia in a bid to locate Do Kwon, the co-founder of Singapore-based Terraform Labs, the parent company of crashed stablecoin TerraUSD.

07.02 / 14:23

Ethereum ETH FIVE Man CEO Mobile South Korean CEO Jailed for ‘Misappropriating’ Partner Firm’s Ethereum Funds

A South Korean CEO has been sentenced to five years in prison for “misappropriating” $2.4m worth of ethereum (ETH) from a partner company.

06.02 / 23:51

Blockchain Digital regulation Extreme Bitcoin guidelines South Korea Takes Major Step Toward Cryptocurrency Legalization with New Guidelines on Securities Tokens

South Korea has taken a major step towards bringing crypto into the mainstream as the country’s main financial regulator introduces new guidelines on security tokens.

06.02 / 18:11

defi Uniswap layer2 network Community votes to deploy Uniswap v3 on Boba Network

Members of the Uniswap community voted in favor of deploying Uniswap v3 on Boba Network's layer-2 protocol on Ethereum.

06.02 / 11:11

regulation security guidance South Korean regulator provides guidance on security tokens

South Korea established guidance that specifies which types of digital assets will be considered and regulated as securities in the country.

06.02 / 11:11

business Binance defi regulation Taxes Crypto users Binance Tax launched to prepare crypto users for the tax season

For many countries, the tax season is right around the corner, which means companies in the crypto industry will need to be ready to help their users comply with local regulations.

04.02 / 19:01

Cooper Deal Global Minimum Tax Deal Advances With Partial Reprieve for U.S.-Based Companies

WASHINGTON—The U.S. prodded other major countries to agree to a coordinated global corporate tax increase. Now, international officials are moving ahead with their tax increases while giving U.S. companies a temporary break from some tax hikes in hopes of prompting the U.S. to implement the deal.

03.02 / 14:35

Cooper Deal Global Minimum Tax Deal Advances With Partial Reprieve for U.S.-Based Companies

03.02 / 14:07

North Korean Defectors, Libyans Indicted for ‘Kimchi Premium’ Crypto Trading

South Korean prosecutors have arrested a group of foreign nationals – comprising North Korean defectors and at least one Libyan national – over suspected “kimchi premium”-type crypto trading offenses.

03.02 / 13:39

business Binance Bitcoin GoPax Binance re-enters South Korea with GOPAX exchange

Major cryptocurrency exchange Binance is coming back to South Korea with a new acquisition of the local crypto trading platform Gopax.

02.02 / 21:59

Cooper Deal Global Minimum Tax Deal Advances With Partial Reprieve for U.S.-based Companies

02.02 / 08:07

business crimes Bithumb Bithumb owner arrested in South Korea over alleged embezzlement

The suspected real owner of South Korea’s largest crypto exchange Bithumb has been arrested on alleged embezzlement charges on Feb. 2 local time.

01.02 / 17:29

Blockchain BTC Twitter Drugs Telegram Platform NOT S Korean Crackdown Has Not Dampened Youth’s Thirst for Bitcoin-powered Drug Dealing

Crypto-powered drug trading is still booming in South Korea – and a recent police crackdown on online bitcoin (BTC) and altcoin drug deals has done little to dampen the demand for web-traded narcotics.

31.01 / 17:39

UPS regulation Metro South Korean Regulators Set to Carry out ‘Regular’ Crypto Firm Probes

South Korean financial regulators will start conducting “regular” on-site inspections at domestic crypto firms this year. And they say they will investigate not only exchanges, but also wallet operators and crypto custody-related firms.

31.01 / 13:57

UPS Binance ICO Terra Luna Price Prediction as LUNA Falls 10% in 24 Hours - Here's Where LUNA is Headed Next

The Terra Luna price has dopped to $2.00 today, with the altcoin falling by as much as 10% in the past 24-hour period. Its current level represents an 11% fall in a week, although it remains up by 58% in the last 30 days, making it one of the best-performing coins in the top-100 cryptocurrencies by market cap.

31.01 / 13:57

Lowe's Target Binance scam S Korean Police Probe Possible $8m Crypto Scam Targeting Investors Who’d Suffered Losses

South Korean police are probing a possible $8m crypto scam – after a group of 40 alleged victims complained they were tricked into buying a potentially worthless or non-existent cryptoasset.

30.01 / 23:15

regulation Senate Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30

Even though this winter continues to stress test the case for Bitcoin (BTC) advocation, some lawmakers strive to put their names on the crypto hot list among the likes of United States Senators Cynthia Lummis and Pat Toomey. State Senator Wendy Rogers, 68, introduced two bold bills in the Arizona legislature. One focuses on making BTC legal tender in the U.S. state. If passed into law, BTC will have the same status as the U.S. dollar, becoming an accepted medium of exchange for debt payment, public charges, taxes and dues in the state. The bill is not Rogers’ first attempt at making BTC legal tender, with a similar bill defeated in 2022.

30.01 / 19:11

Gemini Legal Bitcoin Mining Difficulty tracking ATH Today in Crypto: Bitcoin Mining Difficulty Hits New ATH, Gemini Reportedly Investigated by NYDFS, South Korea Plans to Create a Crypto Tracking System

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

30.01 / 18:09

Citi Binance PwC FTX Samsung S Korean Ministry, Local Law Firm & Samsung Affiliate Included on FTX Creditor List

Several South Korean firms – and a major government organ – were named on the crypto exchange FTX’s long list of creditors.

30.01 / 17:07

Hackers North Korean Hackers Launder Staggering $27 Million in Ethereum from Recent Harmony Bridge Attack: Here's What You Need to Know

In the aftermath of last year’s attack against the cross-chain bridge provider Harmony, North Korean hackers, who are widely blamed for the incident, are believed to have just finished laundering some ETH 17,278, worth more than $27 million, according to industry observers.

30.01 / 14:29

Provident Digital security White House: North Korean Funded Missile Program with $1bn Crypto Hack Haul

The White House says that crypto industry “security vulnerabilities” allowed North Korean hackers to “steal more than $1 billion” in the past two years. And the US says Pyongyang has used the funds to support its missile program.

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