South Korea Financial News

18.11 / 08:19

Adoption virtual reality shopping South Korea embraces the proto-Metaverse

The South Korean people and an increasing number of major companies in the country have begun to embrace and integrate the Metaverse into their everyday lives in new and unexpected ways.

16.11 / 22:13

Digital U.S. Moves to Bolster Asia Trade Ties in Bid to Counter China’s Influence

WASHINGTON—Top U.S. trade and commerce officials are meeting this week with their counterparts in Japan, South Korea and India—but not China—as the Biden administration seeks to build stronger economic ties with friendly nations in Asia.

16.11 / 19:29

Blockchain ETF SEC Bitcoin Investments in Bitcoin Increased, in Ethereum - Dropped + 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.__________

16.11 / 09:15

regulation Nov lawmakers South Korean lawmakers push back against controversial “know-the-sender” rule

South Korea’s crypto community coul soon face stringent reporting requirements on all cryptocurrency transactions, with the country’s National Assembly currently debating whether “know-the sender” (KTS) rules should be imposed.

16.11 / 05:13

Adoption Bitcoin ‘Only 1% of Super-Rich South Koreans’ Willing to Invest in Crypto – Survey

Crypto investment has hit sky-high levels in South Korea this year, with trading volumes at most exchanges breaking all sorts of records, leaving stock market volumes in the dust behind. The issue of crypto has even infiltrated mainstream politics, where it could set to determine the result of next year’s presidential elections.

15.11 / 23:56

Digital Waters South Korea’s crypto-tax plans in muddy, political waters now

A subcommittee under South Korea’s National Assembly again discussed delaying a crypto-tax on 15 November. After multiple back and forth, the proposal for a 20% tax on crypto-trading gains is set to go live early next year, instead of 2023.

15.11 / 19:37

Ethereum ETF CBOE Bitcoin Coinbase Users Sharing Crypto Portfolios, ETFs in US & India + 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.__________

15.11 / 13:25

Blockchain Digital SUN Parke HK HK-based Animoca Brands Partners with S. Korea's Cube Entertainment for K-pop Metaverse & NFTs

Animoca Brands is partnering with Cube Entertainment to build metaverse and non-fungible tokens (NFTs) as K-pop has been taking the world by storm, the executive chairman of the company said.

15.11 / 07:49

NFT Metaverse Animoca Brands unveils plans for K-pop NFT metaverse

Nonfungible tokens (NFTs) continue to disrupt the mainstream entertainment industries, with NFT gaming firm Animoca Brands partnering with Korean record label, talent agency and music production company, Cube Entertainment, to build a “K-pop music metaverse.”

13.11 / 04:05

cryptocurrency Adoption South Korea’s Prospective New President Mulls ‘Giving a Crypto to all Citizens’

Crypto has become a key issue in the run-up to the South Korean presidential election – with shots firing in all directions as politicians hunt for votes.

12.11 / 19:23

Ethereum coinbase Bakkt Bitcoin Mining Difficulty regulatory AMC Starts Accepting Crypto, Regulatory Meetings, Bitcoin Mining Difficulty + 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.__________

12.11 / 04:05

Blockchain cryptocurrency Adoption Business Giant Hankook Readies Crypto, NFT Move

Hankook Technology, a South Korean conglomerate and part of the business group that comprises one of the world’s largest tiremakers (Hankook Tire & Technology), has announced that it is branching out into crypto and non-fungible tokens (NFTs).

11.11 / 13:03

UPS Digital Platform BTS expansion S. Korean Artist Management Firm Hybe Eyes Expansion into NFTs

South Korea-based Hybe Co. is planning to expand its marketplace for non-fungible tokens (NFTs) by collaborating with celebrities not managed by the company.

11.11 / 00:07

Adoption Metaverse Seoul to Launch ‘Metaverse’ Public Service Platform in 2022

Seoul says that it will become the first local government in South Korea to launch a metaverse public service platform.

09.11 / 12:01

Trading Tax Main S Korea’s Presidential Candidates Oppose Crypto Tax – But Gov’t Won’t Budge

The long-running will-they-won’t-they saga of the South Korean government’s crypto tax plans has taken a fresh turn – after both of the leading candidates to become the next President in March 2022 said they were in favor of delaying or amending the tax.

09.11 / 04:57

Crime Trading Investing gone ‘Crypto Investment Gone Wrong’ Sparked Attempted Arson at Crypto Exchange Upbit

South Korean police have revealed that the man who was arrested for attempted arson at the Upbit crypto exchange customer service center last week had made a disastrous cryptoasset investment and had lost money on token purchases.

08.11 / 12:36

NFT regulation Non-fungible tokens S Korean Regulator Says NFTs Aren’t Cryptoassets – and (Probably) Won’t Tax Them

South Korea’s top financial regulator says that non-fungible tokens (NFTs) are not cryptoassets – and will likely exclude them from capital gains taxation.

06.11 / 00:23

Digital Action BTS South Korea FSC reiterates stance on non-regulation of NFTs

South Korea’s Financial Services Commission (FSC) is currently trending in the news after reiterating that non-fungible tokens (NFT) will not be regulated since these are not virtual assets. In spite of regulatory ambiguity, the NFT marketplace in South Korea has boomed over the years.

05.11 / 08:43

NFT regulation NOT Korea's FSC confirms that NFTs will not be regulated

The Financial Services Commission (FSC) in South Korea reaffirmed in a public statement today that nonfungible tokens (NFT) are not virtual assets, and will not be regulated.

05.11 / 04:05

cryptocurrency Bitcoin S Korean Gov’t Might ‘Eventually Raise the White Flag’ on Crypto Tax

Pressure is growing on the South Korean government to back down over a controversial crypto tax law that will see trading profits over an annual total of USD 2,100 taxed at 20%.

04.11 / 14:55

Exchange Society Upbit Customer Man ‘Tried to Set Himself on Fire’ at S Korean Crypto Exchange Upbit Customer Center

A man who police claim was ready to set himself on fire at the South Korean crypto exchange giant Upbit’s flagship customer service center has been taken into custody and charged with attempted arson.

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