South Korea Financial News

07.11 / 13:35

ETH Fraud Rolex Crypto Fraudsters Bait Victims with Promises of Free ETH and Rolex Watches

The ringleaders of a South Korean crypto fraud ring that sucked victims in with promises of Rolex watches and etheruem (ETH) giveaways have been sentenced to jail.

05.11 / 21:45

European Union Ukraine war: 'Indefinite blackouts', 'only' diplomatic solution claims, Georgia economic boom

Power cuts across Ukraine were announced on Saturday, following intense Russian strikes on the country's energy infrastructure.

04.11 / 14:15

CEO Southern Terra Prosecutors: We Have Proof Do Kwon ‘Ordered Crypto Price Manipulation’

South Korean prosecutors say they have evidence that proves the missing Terraform Labs Co-founder Do Kwon told an employee to manipulate coin prices. But Kwon has suggested that he is ready to hold a “meetup,” with “cops from all over the world welcome” to attend.

04.11 / 05:49

business Government Blockchain Terraform Labs South Korean prosecutors accuse Do Kwon of manipulating Terra's price

A local report from South Korea claims that the country's prosecutors have obtained evidence to suggest Terraform Labs co-founder Do Kwon had onceordered an employee to manipulate the price of Terra Luna Classic (LUNC).

03.11 / 13:19

Blockchain Platform Gaming ‘No Possibility’ that Wemix Will Be Delisted in S Korea, Says Gaming Giant WeMade

The South Korean gaming giant WeMade has claimed there is “no chance” its wemix token will be delisted by the nation’s leading crypto exchanges – despite the fact that it has been placed on a watchlist.

03.11 / 01:57

Qatar 2022: Complaints filed over 'misleading' World Cup carbon neutral claims

Climate activists said on Wednesday they had filed complaints with advertising regulators in several European countries over "misleading" claims the football World Cup in Qatar next month will be carbon neutral.

03.11 / 00:17

Deal peace end Ethiopia: Peace deal signed to end conflict in Tigray region

The Ethiopian government and rebels from the northern Tigray province have agreed to a permanent cessation of hostilities. No one knows how many have died, but over two years of brutal war, the number is thought to be in the hundreds of thousands.

02.11 / 22:51

European Union Scholz heads to Beijing amid pressure to take tougher line on China

German Chancellor Olaf Scholz travels to Beijing this week in what is fast becoming a controversial trip, amid pressure both domestically and from within the EU to take a tougher line against China.

02.11 / 12:47

business regulation Huobi Caribbean Huobi Global reportedly plans relocation to the Caribbean

Chinese crypto exchange, which recently has had to disavow the rumors about massive layoffs inside the company, unveiled the plans to move its headquarters to one of the jurisdictions in the Caribbean, with Dominica being the first candidate.

02.11 / 10:41

Technology Activism Energy North Korea launches several missiles aimed at South in another apparent test

A North Korean ballistic missile landed less than 60 kilometres off South Korea's coast on Wednesday in a barrage of apparent tests President Yoon Suk-yeol said was "effectively a territorial encroachment".

01.11 / 19:05

Cardano SEC coinbase Bitcoin Crypto News Summary: Visa Masters of Movement FIFA NFT Auction, El Salvador Development Bank Won't Provide BTC Purchase Info, Coinbase Supports Ripple Against SEC

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

01.11 / 13:19

regulation Terra AIM South Korean regulators aim to toughen crypto fraud punishments

In the aftermath of the Terra collapse last spring, South Korean legislators intend to ramp up legislation, putting specific emphasis on the protection of investors in virtual assets — i.e. digital currencies — and harshening penalties for unfair trade acts in the industry.

01.11 / 12:33

Fraud Police S Korean Police Shut Down $472,000 Group Chat-based Crypto Fraudsters

South Korean police say they have arrested the ringleaders of a $472,000 crypto fraud gang that made use of the group chat function on a social media app to lure in unsuspecting victims.

01.11 / 11:29

European Union Protests South Korean police admit 'heavy responsibility' for deadly Seoul crush

South Korea's police chief accepted "a heavy responsibility" for failing to prevent a crowd surge that killed more than 150 people during Halloween festivities in Seoul.

01.11 / 00:37

Adoption Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31

The first full week under the leadership of the newly-elected Prime Minister Rishi Sunak saw a major landmark for crypto regulation in the United Kingdom. The Financial Services and Markets Bill, made public on Oct. 25, aims to enhance the U.K.’s position as a “global leader in financial services” — but what is more important is that it contains some new definitions for crypto products.

31.10 / 17:09

UPS Bithumb S Korean Prosecutors Arrest Exec Suspected of Destroying Evidence at Bithumb ‘Affiliate’

South Korean law enforcers have arrested an executive at one of the crypto exchange Bithumb’s affiliate companies. The executive was charged with destroying evidence prior to an onsite probe earlier this month.

30.10 / 14:45

Halloween Seoul Halloween crush: Mourning declared as South Korea survivors describe 'horrific' scenes

A period of national mourning has been declared in South Korea after Saturday night's Halloween crush that killed at least 153 people and injured scores more in a packed nightlife area in Seoul.

29.10 / 20:25

Religion South Korea: 'Dozens in cardiac arrest' after Halloween crush in Seoul

South Korean officials said around 50 people were in cardiac arrest and a number feared dead after being crushed by a large crowd pushing forward on a narrow street during Halloween festivities in the capital Seoul.

29.10 / 01:55

Law regulation Terraform Labs Terra Terra co-founder Do Kwon faces $57-million lawsuit in Singapore

Do Kwon, the co-founder of Terraform Labs who may be facing legal actions in South Korea and the United States, is the target of a lawsuit in Singapore along with the Luna Foundation Guard (LFG) and Terra founding member Nicholas Platias.

28.10 / 17:17

Citi Police South Korean Public Official ‘Used Bribes to Buy Crypto,’ Police Claim

Yet another South Korean government worker appears to have used ill-gotten gains to fund their crypto cravings: After reports that a public official fled abroad with $2.8 million worth of stolen public funds that has been converted to crypto, it has emerged that another former official may have been extorting money from outsourcing firms – and spending it on crypto.

27.10 / 13:07

cryptocurrency Google Advertising Investment ad Google Hints Crypto Bear Market is Negatively Affecting Ad Revenue

Google saw advertiser pullback in financial services, including the cryptocurrency subcategory, according to the latest earnings call from Google’s parent company, Alphabet.

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