South Korea Financial News

09.08 / 09:05

business Blockchain Sky Mavis Axie Infinity looking to 'double-down' on Korean market: KBW

Sky Mavis, the firm behind Play-to-Earn (P2E) heavyweight Axie Infinity is looking to “double down” in South Korea and ramp up adoption despite the regulatory hurdles.

08.08 / 18:15

Social Media Climate change European Union Why do central banks raise interest rates to curb inflation?

It's all going up: electricity, diesel, vegetables, the Internet, hotels, flights, and now, interest rates.

08.08 / 14:57

Blockchain Ethereum Adoption interview Ethereum Merge may lessen usage for other chains, says Nansen CEO: KBW 2022

Cointelegraph’s Brian Newar spoke with Alex Svanevik, the CEO of blockchain data firm Nansen at the Korea Blockchain Week (KBW) 2022 held in Seoul and discussed topics like the upcoming Ethereum (ETH) Merge and how it will affect other blockchains.

08.08 / 12:57

business Blockchain Adoption week Korea Blockchain Week, Aug. 8: First-day takeaways from the Cointelegraph team

The fifth annual Korea Blockchain Week kicked off on Sunday, with more than 7,000 people attending Asia’s largest blockchain event of 2022.

08.08 / 09:45

regulation Crypto.com regulatory KBW 2022: Crypto.com hits key regulatory milestone in South Korea

Crypto exchange Crypto.com has announced a key regulatory milestone in South Korea after securing two local companies, giving it access to crypto and payments registration.

08.08 / 09:45

defi Asia partnerships DeFi market has room for growth in Korea: 1inch co-founder — KBW 2022

Decentralized-finance (DeFi) aggregator 1inch Network has revealed plans to expand within the Asian market, according to its co-founder Sergej Kunz.

08.08 / 09:45

Blockchain Adoption Open Source Web2 adoption key to Metaverse success, Klaytn Foundation founder — KBW 2022

Sam Seo, the director of metaverse-focused blockchain Klaytn Foundation believes widespread adoption of the Metaverse will be “easier” if Web2 companies integrate the tech with their products and services.

08.08 / 05:33

cryptocurrency Digital Currency Web3 Metaverse How the metaverse accelerates economic development for emerging economies

Metaverse’. This comes at a time when the inflation rate has reached its peak due to siloed ecosystems, distribution nightmares, and the rising costs of centralization control — which is pushing the dire need for decentralized architecture. However, the rising advancement of virtual and augmented reality technologies have made businesses and nations recognize the potential of the virtual worlds.

04.08 / 13:37

Twitter FIVE Digital Platform Almost $5m Withdrawn from ZB.com in Possible Hack

Crypto exchange ZB.com has fallen victim to a possible hack as $4.8 million was withdrawn from its hot wallet, according to security firm PeckSheild.

04.08 / 13:37

UPS Digital Sky Mavis Luna Lost South Korean VC Firm Hashed Lost Up to $3.6B to LUNA Crash: CEO

With many crypto companies notably finding it difficult to share the extent to which the collapse of TerraUSD (UST) and LUNA coins affected their businesses, Simon Seojoon Kim, the Chief Executive Officer of South Korean venture capital firm Hashed, has revealed how much the firm lost when Terra collapse back in May.

04.08 / 03:13

regulation Trading Bitcoin Premium South Korean Banks May Be in Trouble as Regulator Probes Kimchi Premium Bitcoin ‘Irregularities’

South Korean banks could find themselves in the firing line after the government, media outlets, and regulators stepped up the scrutiny of the banks' role in enabling kimchi premium traders to make fast money when trading volumes rise.

02.08 / 18:11

business Ethereum Adoption Enterprise crypto custody firm Fireblocks integrates Tokeny for token minting

Enterprise cryptocurrency custody firm Fireblocks is set to offer token minting services through a new integration with Ethereum- and Polygon-friendly platform Tokeny.

02.08 / 13:43

Blockchain Provident Digital Strategy 11 Best NFT Marketing Agencies

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

02.08 / 03:23

Exchange Legal Upbit Terraform Labs South Korean Prosecutors Wrap up Terra Raids on Exchanges, Tech & VC Firms

A more than week-long prosecution raid of South Korean crypto exchanges and companies linked to Terraform Labs has finally come to an end, with officers admitting that finding the information they were after was challenging.

01.08 / 16:03

business Blockchain Binance identity First Binance soulbound token BAB targets KYC user credentials

Binance cryptocurrency exchange is moving towards decentralized identity tools by launching its first-ever token designed to certify verified user status on the platform.

29.07 / 12:55

Platform Luna raid Do Kwon's Fate Remains Uncertain, Prosecutors Completed 'Search and Seizure' Raid

Do Kwon is still under the lens of South Korean regulators as investigations into Terraform Labs and the collapse of the firm’s first tokens, LUNA and UST.

29.07 / 11:44

Government Adoption Court Marriages and court cases can be held in the Metaverse

Legal marriage proceedings, court case disputes and government services may one day be offered on the Metaverse, according to a Singaporean government minister.

26.07 / 15:33

Blockchain Provident CEO Platform Power Klaytn Protocol KLAP to Launch KLAP Token to Power DeFi Lending

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

25.07 / 23:03

CFTC SEC The lasting agony of 3AC: Law Decoded, July 18-25

The late spring and summer months of 2022 would be remembered not only for their extreme temperatures across the globe but also for a crushing streak of large crypto companies falling apart. Terra Lab in May, Celsius in June and now, the lasting agony of a Singapore-based crypto hedge fund Three Arrows Capital (3AC). Technically, 3AC was ordered for liquidation by a court in the British Virgin Islands on June 27, but it was last week, which has seen some further developments around the firm.

23.07 / 00:27

Crime Investing Bitcoin Grassroots Sports Body Accountancy Chief Says She Stole Public Funds to Pay for Bitcoin

A South Korean local government official in charge of managing public funds for grassroots sports has admitted to embezzling over USD 367,000 worth of tax payers’ money – which she says she and her husband spent on crypto investments and internet gambling.

22.07 / 18:23

Gaming Bitcoin Taiwan vs. Crypto, Uprise Might Compensate Some LUNA Losses + More News

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

latest developments in South Korea

What is the current situation in South Korea?

In South Korea, the spotlight is on socially significant developments that spark public discussion.

Where can I find reliable news about South Korea?

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

What shapes the media agenda in South Korea?

The news landscape of South Korea is shaped by the region’s internal dynamics, reflecting its specific characteristics.