South Korea Financial News

31.05 / 13:35

regulation ICO Terra Agency regulatory South Korea to Launch a Crypto Regulatory Agency in Wake of LUNA Crash

The South Korean government will step up the launch of a new regulatory body to police the crypto sector – and could fast-track its creation as a direct response to what it has dubbed the “terra (LUNA) incident.”

30.05 / 16:07

Altcoins Exchange Upbit South Korean Crypto Exchanges Form Joint Response Council to Avoid Repeat of LUNA ‘Incident’

South Korea’s five biggest crypto exchanges have vowed to create a “joint response council” to avoid a repeat of what the media and politicians in the country have labeled the “terra (LUNA) incident.”

30.05 / 14:33

business Government Court Terra Usd South Korean authorities reportedly probe staff behind Terra

The South Korean government continues to investigate Terraform Labs, the firm behind the Terra Network as well as Luna (LUNC) and Terra USD (UST) tokens, by reportedly summoning subpoenas to employees.

27.05 / 11:41

Exchange scam Police Police Reportedly Looking into Allegations that a Terraform Staffer ‘Embezzled’ Funds

South Korean police could reportedly take over from the “Yeouido Grim Reaper” financial crimes investigation unit in the probe of Terraform Labs after “embezzlement” charges were leveled at an unnamed employee.

26.05 / 05:51

Adoption Survey NOT Developing countries love the Metaverse, rich nations not keen: WEF survey

Excitement for the Metaverse and virtual or augmented reality (VR/AR) is much greater in developing countries than in high-income countries according to a survey conducted for the World Economic Forum (WEF).

26.05 / 01:41

Blockchain FIVE Coinone Luna This is how Terra fiasco is forcing South Korean regulators’ hand

Investors have lost a significant chunk of their savings from the damage caused by the Terra [LUNA] crash. Well, the incident sent shockwaves across the crypto ecosystem, dragging down the entire market. Around $45 billion was wiped off the two tokens’ market cap within a week- for starters.

25.05 / 15:39

regulation Altcoin Terra Luna Classic Terra Classic Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote

The Korean Financial Supervisory Service (FSS) has announced that it will be standardizing the way in which virtual asset risk is assessed.

25.05 / 14:27

regulation Exchange Upbit 2020 Upbit Operator Faces Scrutiny Over Affiliate’s 2020 USD 103M LUNA Sale

South Korean crypto exchanges are now in the firing line as the terra (LUNA) crash fallout continues to sow the seeds of chaos in the domestic crypto industry.

25.05 / 11:23

NFT regulation banking South Korean Regulators to Inspect Companies Linked to Terraform

South Korea’s financial regulators are planning to launch onsite inspections into domestic companies that have a business relationship with Terraform Labs – and particularly those that have made use of terra (LUNA) ecosystem coins.

24.05 / 23:05

Stablecoin Altcoins regulation Terra More Crypto Regulation Incoming in South Korea Following Terra Collapse, Gov’t Indicates

More regulatory scrutiny could be incoming for the crypto sector in South Korea in the wake of the terra (LUNA) and terraUSD (UST) crash – with exchanges set to come under the same kind of scrutiny as Terraform Labs and its Founder and CEO Do Kwon.

24.05 / 09:45

Blockchain Stablecoin Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23

It’s been two weeks since the shock of the TerraUSD (UST) depegging, but the long waves of this event are still coming in. The Congressional Research Service described the UST crash as a “run-like” scenario and claimed that the crypto industry has not reached the same level of “adequate regulating” as the traditional finance market.

24.05 / 05:45

regulation exchanges Terra freeze South Korean police request exchanges freeze LFG related funds

Crypto exchanges in South Korea have been issued notices from police requesting the sequestering of funds related to the Luna Foundation Guard.

24.05 / 03:17

cryptocurrency Crime scam Jail Woman Gets 5-year Jail Term After Stealing USD 87K Worth of Crypto in Dating App Scam

A South Korean woman who met a man on a smartphone chat app, drugged him, and stole USD 87,000 in crypto from his phone has been sentenced to five years in prison.

23.05 / 17:33

Adoption regulation litecoin Litecoin confidential transactions spook Korean exchanges

The recent privacy-focused MimbleWimble upgrade on the Litecoin (LTC) blockchain has prompted two of Korea's largest crypto exchanges to issue investment warnings about the fifth-largest cryptocurrency.

23.05 / 14:41

cryptocurrency cryptocurrency news Terra Luna Bitcoin Luna recovery week Terra Luna Price Surge By Nearly 60% In Recovery After Horrid Week

Do Kwon, a South Korean who graduated from Stanford University, is the creator of TerraUSD

21.05 / 13:35

European Union NATO Russia cuts gas supplies to Finland for 'refusing to pay in roubles'

Russian energy giant Gazprom said on Saturday it had suspended all gas deliveries to Finland after Helsinki refused to pay in roubles.

21.05 / 13:09

cryptocurrency Lowe's cryptocurrency news Luna Terra-LUNA: Who Is Do Kwon, How Is He Related To This Crypto Project Crash?

Do Kwon is the creator of TerraUSD and its native token Luna

20.05 / 15:03

UPS Samsung Biden Visits Samsung in South Korea to Shore Up Tech Allies in Countering China

SEOUL—President Biden began his three-day trip to South Korea with a visit to a Samsung Electronics Co. semiconductor plant, underscoring the technology ties between the countries as the U.S. seeks to strengthen supply chains and reboot its own manufacturing amid competition with China.

20.05 / 14:13

business Stablecoin Altcoin Terra Luna Terra Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash

The dramatic story of the Terra (LUNA) crash — referred to by some as the Lehman Brothers of crypto — has taken yet another remarkable turn as legal documents reveal the liquidation of two South Korean offices and the dissolution of the Terraform Labs Korea corporation in the days preceding the dual currency collapse.

20.05 / 10:39

Altcoins Legal Terra South Korean Government, Prosecution Turn up the Heat on Do Kwon and Terraform

South Korean lawmakers and financial regulators are taking aim at Do Kwon (full name Kwon Do-hyeong) and his firm Terraform Labs.

20.05 / 09:35

business Technology cryptocurrency World How a trash-talking crypto bro caused a $40 billion crash

David Yaffe-Bellany and Erin Griffith (Circuits)

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