South Korea Financial News

18.10 / 12:29

Platform Apple Upbit compensation Customers Angry Crypto Exchange Customers Will Get Compensation – If They Can Prove One Thing

The South Korean market-leading crypto exchange Upbit has announced that it will compensate traders who lost money during the power outage that blighted the platform’s login functionality over the weekend – but only if they can prove they were really going to sell their coins during the blackout.

18.10 / 03:07

Blockchain Provident Digital Citizens South Korea to provide blockchain-based Digital IDs to its citizens

South Korea is planning to introduce blockchain-based digital IDs for its citizens with a smartphone by 2024, according to Bloomberg. These digital IDs will be installed on smartphones and work as efficiently as physical resident registration cards.

17.10 / 18:00

BTC Software Bitcoin tracking South Korean Prosecutors Say They Want to Buy New Crypto-tracking Tools

Prosecutors in South Korea say they will spend money on crypto tracking tools – and have claimed that they will use these innovative solutions to crack down on money-laundering, crypto-powered drug deals, and kimchi premium trading.

17.10 / 14:19

Blockchain Provident Digital Citizens 2024 South Korea to Provide Blockchain-based Digital Identities to Citizens by 2024

South Korea plans to provide digital identities encrypted by blockchain with smartphones to citizens in 2024 to facilitate its economic development., Bloomberg reported Monday.

17.10 / 13:15

Crypto Exchange Crypto Traders Hit by Chat App Outage: Upbit Investors Fume as They Are Frozen Out

Thousands of South Korea crypto traders say they have been left out of pocket due to a near-blackout of services operated by the chat app giant Kakao – which operates login functions for users of Upbit, the nation’s biggest crypto exchange.

17.10 / 09:07

business Blockchain Adoption Digital 2024 Koreans to have access to blockchain-powered digital IDs by 2024

South Koreans could soon allow its citizens to use blockchain-based digital identification (ID) instead of physical cards as soon as 2024, as the nation further embraces blockchain technology.

15.10 / 19:03

UPS Compilation Bitcoin Future Terra (LUNA) Price Prediction 2025-2030: The future of LUNA looks…

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

15.10 / 19:03

Blockchain Ethereum Provident Terra Usd Luna Terra LUNA Classic [LUNC] Price Prediction 2025-2030: Will LUNC reach $0.028 by 2025

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

14.10 / 22:51

Government SEC The SEC should be aiming at Do Kwon — But it’s getting distracted by Kim Kardashian

In less than a week, Terraform Labs founder Do Kwon’s passport will expire. Interpol issued a red notice for Kwon last month, and this month, his assets were reportedly frozen by the South Korean government.

14.10 / 18:59

Digital Валюта CNY JPY Chinese researchers propose digital currency to rival U.S. dollar

Researchers from the Institute of World Economics and Politics under the Chinese Academy of Social Sciences have proposed a bold plan to combat the U.S. Dollar’s influence in their part of the world.

14.10 / 12:23

FIVE Cooper Crypto Exchange Deal Crypto Crime South Korea’s Biggest Exchanges Pen Crypto Crime-fighting Deal with Police

The five biggest crypto exchanges in South Korea have signed a “crypto crime-fighting” MOU deal with the nation’s police force – and will work with officers fighting crypto-powered money launderers and crypto scam artists.

14.10 / 09:37

Adoption Digital Currency Asia China floats idea of 'Asian yuan' to reduce reliance on US dollar

Researchers from a Chinese state-run think tank have floated the idea of an Asia-wide digital currency with the aim to reduce its reliance on a United States dollar-based economy.

14.10 / 03:55

UPS Enterprise MSCI China is no longer just any emerging market — it has become its own beast

BEIJING — China is no longer just another emerging market play. Now, the country is becoming its own beast — with all the risks and rewards that come with being a world power.

13.10 / 13:43

Blockchain Ethereum Career Platform Luna Ex-Terra Developer Somani Raises $15M for Startup

A former developer from the fallen Terra company has raised $15 million for his startup.

12.10 / 17:21

FIVE Man Legal Jail Employee Who Stole $2.8m from Company to Buy Crypto Gets 5-year Jail Term

A South Korean company employee whole stole over $2.8 million worth of his firm’s money to buy crypto has been handed a five-year prison sentence.

11.10 / 20:43

Blockchain Twitter Binance Holdings On-Chain Data Suggests Do Kwon Still Cashing Out Terra Holdings

On-chain data from the Terra blockchain suggests that Terra founder Do Kwon, who is wanted by South Korean police, is still cashing out from his “shadow wallets.”

11.10 / 19:59

Provident Digital Fighting EUR crypto framework Framework G20 to review crypto framework prepared by OECD- Details inside

G20 will review the cryptocurrency-related framework (that was recently submitted) in its upcoming meeting. The move is a part of the larger trend across the globe where countries are moving towards strong regulations in regard to cryptocurrency.

11.10 / 00:33

USDT Platform Pool Crypto-lender TrueFi issues default notice to Blockwater over $3.4M loan

DeFi lending company TrueFi has issued a notice of default to South Korea-based Blockwater Technologies over the latter’s failure to repay an unsecured loan of $3.4 million.

10.10 / 18:19

Man Parke Bithumb Crypto Exchange raid Prosecutors Raid Three Bithumb ‘Affiliates’ as Shareholder Scrutiny Intensifies

A number of South Korean firms related to the crypto exchange Bithumb – including the firm that owns a controlling share of its stock – have been raided by the prosecution service on embezzlement charges.

10.10 / 13:59

Blockchain Binance Digital Blockwater Technologies Defaults Loan from TrueFi

Decentralized lending protocol TrueFi announced that Blockwater Technologies has defaulted on a loan, which is another example of the crypto industry's insolvency crisis.

10.10 / 11:29

FIVE Parke North Korea ‘Funding Weapons Programs’ with Vast Cache of ‘Stolen Crypto’

International investigators claim that North Korea stole “hundreds of millions of dollars worth of cryptoassets” to pay for its nuclear weapons programs” – while a row has broken out in South Korean political circles over politicians’ alleged ties to the crypto developer Virgil Griffith.

breaking news about South Korea

What is the current situation in South Korea?

In South Korea, the spotlight is on local government initiatives that impact the interests of residents.

Where can I find reliable news about South Korea?

We publish reliable reports about the situation in South Korea, based on information from trusted sources.

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.