South Korea Financial News
14.09 / 13:11
Lowe's
FIVE
Platform
Seoul Court Issues Arrest Warrant for Do Kwon and 5 Others
Do Kwon, the founder of the bankrupt Terraform Labs crypto ecosystem, has been issued an arrest warrant from a court in South Korea.
14.09 / 13:11
Waves
Southern
Luna
Korean Prosecutors Consulting if LUNA Classified "Security"
The probe into Terraform Labs by South Korean prosecutors is taking a whole new twist as watchdogs are making consultations on how best to classify the collapsed LUNA tokens — now known as Luna Classic (LUNC).
14.09 / 12:55
Digital
CEO
Southern
Luna
[Updated] South Korean Prosecutors Issue Do Kwon Arrest Warrant
South Korean prosecutors have issued an arrest warrant for Do Kwon (real named Kwon Do-hyeong), the co-founder and CEO of Terraform Labs – the firm behind the Terra ecosystem coins LUNA and LUNC. [Updated at UTC 09:03]
14.09 / 12:31
Lowe's
FIVE
South Korea issues arrest warrant for Terra Founder Do Kwon
While the LUNC community rejoices because of a potential comeback for the Terra Luna Classic (LUNC) token, the founder of the Terraform Labs, Do Kwon, is now facing a warrant of arrest from South Korean authorities.
14.09 / 12:31
Blockchain
Citi
CEO
Huobi
Busan signs MoU with Huobi, gets more help for local crypto exchange
South Korea’s ‘blockchain’ city of Busan continues to establish agreements with cryptocurrency industry heavyweights as Huobi Global enters the development ecosystem.
13.09 / 13:43
Blockchain
IPO
CEO
Fighting
Startup Aims to Become First South Korean Crypto Player to List on KOSDAQ Exchange
A South Korean crypto and blockchain startup is aiming for the KOSDAQ, the country’s stock exchange, and could become the nation’s first publicly listed company.
13.09 / 13:43
Lowe's
Bitcoin
2020
Number of South Korean 20- and 30-something Crypto Buyers Has ‘Nearly Tripled’ Since 2020
More young South Koreans than ever are buying crypto, with the number of 20- and 30-somethings taking the plunge trebling since 2020. But this rise in bullish buying behavior has come at a price – with a sharp rise in youth bankruptcy claims reported over the same period.
12.09 / 15:29
Dash
Platform
Huobi
Monero
privacy coins
regulatory
Huobi to delist Monero and other privacy coins, citing regulatory pressures
Cryptocurrency exchange Huobi will delist seven different privacy coins from its platform as regulatory pressure mounts on anonymity-enhanced currencies (AECs).
12.09 / 14:25
UPS
Compilation
Fraud
Bitcoin
South Korea Has Tracked USD 1bn Worth of Fraudulent Crypto Transactions This Year
A staggering USD 1 billion worth of fraudulent crypto-related transactions has been identified in South Korea in the first half of 2022, new data shows.
10.09 / 03:39
Blockchain
AXY
Platform
Infinity
Ronin Bridge Hack: U.S. seizes $30 million worth crypto assets
The United States seized $30 million worth of cryptocurrency stolen by North Korea-linked hackers. The news was released by blockchain data platform Chainalysis.
09.09 / 15:53
UPS
Legal
Bitcoin
Jail
Time
Bitcoin-powered Darkweb Drug Dealers Handed Jail Time in South Korea
Drug traders who exchanged narcotics for bitcoin (BTC) using darkweb portals have been handed jail time and suspended sentences as South Korean courts following scores of arrests made earlier this month.
09.09 / 14:35
Ethereum
Man
scam
Bitcoin
Ethlot.me Ethereum Mining ‘Scam Mastermind’ Flees South Korea for the Philippines
The alleged leader of what police believe to be a ethereum (ETH) mining scam masquerading as a bona fide “pool” has fled abroad.
08.09 / 16:41
business
Blockchain
Investments
Gaming
Animoca confirms $110M round led by Temasek, plans new acquisitions
Animoca Brands, a major player in the metaverse and blockchain gaming, has officially disclosed details of a funding round led by Singapore's state-owned investor Temasek.
08.09 / 10:47
Blockchain
Digital
COMPOSITE
Indexes
Bitcoin
South Korea is getting serious on crypto securities- Here’s how
South Korea is making a statement as it is making its stance on the cryptocurrency world crystal clear. As of 6 September, the country’s top financial regulator revealed plans to launch a distinct digital securities market. This will be a separate entity from the Korea Composite Stock Price Index (KOSPI).
07.09 / 16:23
Art
NFT
virtual reality
Metaverse
Future
The metaverse is the future — but are current platforms failing users?
The metaverse has potential to transform the way we work, socialize, party and even do business — but looking at the infrastructure that exists right now, and some would accuse this industry of running before it can even walk.
07.09 / 13:07
regulation
security
guidelines
South Korean regulators to prepare guidelines for security tokens in 2022
Guidelines for security tokens in South Korea will be announced by the end of 2022. Simultaneously, the pilot market with a regulatory sandbox will be launched before the formal institutionalization.
07.09 / 13:03
BTC
Telegram
Bitcoin
South Korean Police Swoop on 86 Suspected Bitcoin-using Drug Traders
South Korean police officers continue to close the net on suspected darkweb-based drug traders – with officers in North Gyeongsang Province arresting 86 people they believe bought or sold narcotics using bitcoin (BTC) as a payments tool.
06.09 / 23:07
Provident
Charity
World Vision Becomes First South Korean Charity to Accept Crypto
\The South Korean arm of the charitable organization World Vision has announced that it will accept donations made in cryptoassets – a first for a South Korean NGO.
05.09 / 21:47
business
Funding
Venture Capital
Blockchain incubator valued at $100M following NGC Ventures-led Series A
Blockchain-focused incubator and adviser PANONY has closed a Series A funding round backed by NGC Ventures, one of Asia’s largest crypto investment firms, putting the company on track to expand its portfolio and geographic presence.
05.09 / 14:31
05.09 / 12:27
Blockchain
Digital
Platform
Software
LG Launches NFT Platform With Hedera Blockchain
South Korea-based digital manufacturer LG Electronics has launched a new NFT platform in collaboration with Hedera blockchain.
breaking news about South Korea
What is the current situation in South Korea?
In South Korea, the spotlight is on local government initiatives that affect the region’s daily life.
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