South Korea Financial News

27.10 / 11:45

Cooper Platform S Korean Gov’t Worker ‘Embezzled Public Funds and Escaped with $2.8m in Crypto’

A missing South Korean government worker is thought to be on the run with $2.8 million worth of public funds stolen from the country’s National Health Insurance Service (NHIS) – and the suspect appears to have converted most or all of the money to crypto.

26.10 / 18:35

Africa BitOasis Crypto News Summary: BitOasis Partners With Mastercard, Gate.io Signs MoU With Busan, Seba Launches Custody Platform for NFT Storage

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

26.10 / 17:55

Blockchain Citi Crypto Exchange Deal Crypto.com, Gate.io Ink Deal to Help S Korean City Build ‘Digital Asets’ Exchange

The South Korean city of Busan is inching closer to the launch of what could become the world’s first city-run crypto exchange – and has signed collaboration deals with the centralized exchange (CEX) giants Crypto.com and Gate.io.

26.10 / 17:39

Ethereum Google Bitcoin ad Google feels the bear market as crypto ad revenues slip since July

The latest earnings call from Google’s parent company, Alphabet, highlighted decreased search advertising spending from financial services and cryptocurrency subcategories.

26.10 / 10:15

business Court Bithumb Prison Bithumb ex-chairman could face 8 years prison over alleged $70M fraud

The former chairman of the South Korean cryptocurrency exchange Bithumb, Lee Jung-hoon, could face a possible maximum sentence of eight years in prison if found guilty on charges related to an alleged fraud worth $70 million.

25.10 / 19:09

Blockchain Ethereum BitMEX Bitcoin Prison Support Crypto News Briefs: Australia Comes After BPS and Qoin, Bithumb Ex-Chair Faces 8 Years in Prison, Canaan Launches New Series, Art Project in Support of Ukraine

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

25.10 / 17:07

Bithumb Terra MPs hearing S Korean MPs Rage After Terra Co-founder and Bithumb Shareholders Snub Hearing

A number of leading South Korean crypto industry leaders failed to show up to a parliamentary hearing yesterday – including the Co-founder of the under-fire Terra Luna Classic (LUNC) issuer Terraform Labs Daniel Shin, as well as shareholders of the crypto exchange Bithumb.

25.10 / 09:21

business Blockchain regulation Terra Key witness called to testify at Terra parliamentary inquiry is a no-show

The CEO of venture capital firm Hashed and early Terra (LUNC) investor Kim Seo-joon has cited “extreme stress” following the Terra crash as the reason for his no-show at South Korea’s National Assembly's Political Affairs Committee.

24.10 / 18:57

Blockchain Stablecoin Bitcoin Mining Difficulty Crypto News Summary: Bitcoin Mining Difficulty (Re)Breaks Record, NFT Can Be Property in Singapore, Ed Sheeran's Hacker Imprisoned

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

24.10 / 15:13

Digital Currency regulation Bitcoin compliance S. Korean watchdog goes after crypto whales to ensure AML compliance

South Korea’s financial watchdog, The Financial Service Commission (FSC), would monitor crypto whales with assets of over 100 million won ($70,000) to prevent money laundering efforts using digital assets.

24.10 / 11:23

CEO Parke Discover Bithumb Reporters Dig Deeper into Crypto Exchange Bithumb’s Mysterious Ownership Story

Bithumb – one of South Korea’s biggest crypto exchanges – remains in the public spotlight with questions about the firm’s ownership structure raising concern across the nation.

21.10 / 16:33

Law Drugs education Asia Training Uzbeki police get 'how to seize crypto' training from UN security org

The Organization for Security and Co-operation in Europe (OSCE) organized a five-day training course on cryptocurrencies and Dark Web investigation for Uzbekistan's police and prosecution forces. The course is a part of OSCE’s consistent efforts to educate Central Asian law enforcers on the emerging technologies that criminals might abuse in a strategically important region for the global drug trade.

21.10 / 08:51

Blockchain regulation crimes Interpol Put your hands up! Interpol storms into the Metaverse

The International Criminal Police Organization (Interpol) is putting on its virtual reality headsets as it prepares to crack down on an expanding list of “possible crimes” in the Metaverse.

20.10 / 12:53

Blockchain UPS Lowe's transaction volume Eastern Asia’s Crypto Market Growth Halts, China's Crypto Transaction Volume Drops by 31% YoY

Chainalysis, a US blockchain analysis firm, released a new research study Thursday, showing that Eastern Asia is the fourth-largest cryptocurrency market, receiving $777.5 billion worth of crypto between July 2021 and June 2022.

20.10 / 11:59

CEO Southern Terra Luna South Korean Prosecutors: Do Kwon Left Singapore for Dubai Last Month

Do Kwon, the Co-founder and CEO of Terraform Labs, left Singapore last month for Dubai, South Korean prosecutors and police have claimed. But Kwon they say he has since left the United Arab Emirates – and is now in a “third” country.

20.10 / 05:47

Blockchain Law Stablecoin Terra 4,400 disgruntled investors are hunting for Terra's Do Kwon

Members of a 4,400-strong Discord group called the “UST Restitution Group” (URG) have been attempting to track down the whereabouts of Terra co-founder Do Kwon.

19.10 / 17:49

Blockchain Digital South Korea to Roll out Digital IDs as Banks Push Blockchain Driver’s Licenses

South Korea may soon do away with plastic – and ditch physical forms of ID in favor of blockchain technology-powered alternatives.

19.10 / 14:03

UPS Terra Founder Do Kwon Says Luna Collapse ‘My Responsibility Alone’

Terra (LUNA) founder Do Kwon has said in a recent podcast interview that the collapse of Terra due to design weaknesses is “my responsibility alone,” while admitting that “it’s not easy” to own up to the responsibility.

19.10 / 11:53

Compilation Police NOT South Korean Police Have Seized $1.3m in Crypto in 2022, Critics Say It’s Not Enough

South Korean police have seized $1.3 million worth of crypto in criminal investigations so far this year, official numbers have revealed.

18.10 / 19:06

Man Parke S Korean Nat’l Broadcaster Exec Received Crypto from Head of Pyongyang-linked Body

An executive news director at the national South Korean broadcaster KBS received “crypto” from a figure at the head of an organization with alleged ties to North Korea, an official audit has revealed.

18.10 / 17:57

European Union Elnaz Rekabi: Concerns grow for female climber from Iran who competed without hijab

Concerns are growing for a female Iranian athlete, who took part in a climbing competition in South Korea without wearing her nation's mandatory headscarf covering.

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