South Korea
Bank of Korea Warns Crypto Could Become Systemic Risk as Institutions Enter
South Korea’s central bank has issued its clearest warning yet that cryptocurrency markets are no longer safely separated from the country’s mainstream financial system. The Bank of Korea’s Financial Stability...
South Korea Tax Proposal Sparks Market Turmoil as Global Risk Assets Retreat
South Korean financial markets suffered a sharp selloff on Tuesday after lawmakers discussed a proposal that could tax unrealized gains on stocks and real estate. The discussion rattled investors and...
South Korean Crypto Remittance Surge 380%, Outpacing Bank Remittance Growth of 20%
Cross-border cryptocurrency transfers through South Korea’s exchanges have expanded nearly fivefold in three years, outpacing growth in traditional bank remittances. Data from lawmaker Kim Sang-hoon’s office showed overseas exchange transfers...
5 Reasons for South Korea Stock Market Crash Today
South Korea’s benchmark KOSPI Index fell sharply by almost 10% today, which was one of its steepest single day falls ever. The stock market fall took away billions from the...
South Korea Expands Deposit Token Plans With Banks and Sandbox Reforms
South Korea is expanding its digital-finance initiatives by integrating tokenized deposits more closely with the banking system while advancing regulatory reforms for emerging financial technologies. Recent developments span Project Hangang’s...
South Korea’s Toss Bank Signs Deal With Solana Foundation
Toss Bank, South Korea’s third-largest internet-only bank with 15 million customers, signed a strategic memorandum of understanding with the Solana Foundation in Seoul on June 19, marking the first direct...
South Korea Plans to Open Overseas Crypto Transfers to Fintech Firms
South Korea is considering expanding fintech firms’ role in cross-border crypto transfers as it drafts an enforcement decree under the revised Foreign Exchange Transactions Act. The government is reviewing registration...
South Korean Investors Buy $800 Million of SpaceX Shares on Debut Trading Day
South Korean retail investors directed more than $800 million into SpaceX shares on the company’s first day of public trading, making it the most-purchased U.S. stock among local individual investors....
South Korea Builds Crypto Future as Trading Slows
South Korea’s cryptocurrency market is slowing in trading activity even as institutional development continues to expand. A new report from CoinGecko shows the sector is gradually shifting away from speculative...
South Korea Ends Compulsory Reporting of Crypto Transfers Above 10M Won
South Korean financial authorities have backed away from a controversial proposal that would have forced crypto exchanges to automatically report transfers above 10 million won ($7,300) involving overseas crypto platforms...
South Korea’s DAXA Forces Crypto Exchanges to Invalidate Suspicious API Keys
South Korea’s Digital Asset Exchange Alliance (DAXA) has established mandatory compliance standards requiring the country’s major cryptocurrency exchanges to detect and invalidate API keys suspected of being improperly shared or...
Samsung Units Invest $408M for 4% Stake in Dunamu
Samsung Securities, Samsung SDS, and Samsung Card are moving deeper into South Korea’s digital-asset sector by purchasing a $408 million stake in Dunamu, the operator of Upbit. The three Samsung...
South Korea Files First DEX Rug Pull Case Over CATFI
South Korean prosecutors have filed the country’s first criminal prosecution tied to a decentralized exchange rug pull case after charging a group accused of manipulating the Solana-based meme coin CATFI...
Crypto Tax Debate Intensifies in South Korea After 52,000 Signatures
South Korea’s National Assembly is now required to review a petition demanding the removal of the country’s planned crypto tax after the petition crossed the 50,000-signature threshold this week. The...
Tether Files Seven Trademarks in South Korea as Stablecoin Rules Take Shape
Tether has filed new trademark applications in South Korea, placing its name and logo into the country’s public intellectual property system. The filing was submitted on May 14, according to...
South Korea’s KOSPI Slides 10% as AI Stock Sell-Off Deepens: What It Means for Crypto
South Korea’s KOSPI index fell 3.9%, as investors sold technology shares. The decline erased about ₩235 trillion ($160 billion) in market value in one session. Analysts linked the drop to...
South Korean Banking Giant Hana Invests $670 Million in Upbit Operator Dunamu
South Korean banking giant Hana Bank is making a major push into the digital asset industry after approving a massive investment in Dunamu, the company behind the country’s largest cryptocurrency...
South Korea Builds AI Crypto Tax System as Police Probe Tether Laundering
South Korea is expanding its response to crypto-linked financial crime as tax authorities and police move on two connected fronts. The National Tax Service is building an AI-based virtual asset...
South Korea Confirms Crypto Tax Rollout Despite Growing Backlash
South Korea’s Ministry of Economy and Finance confirmed that the country will move forward with virtual asset taxation beginning in January 2027, despite growing criticism from lawmakers, tax experts, and...
South Korean Court Halts Bithumb Suspension Following a Legal Battle
A South Korean court has halted enforcement of a regulatory sanction against crypto exchange Bithumb, delaying a six-month suspension of its operations while legal proceedings continue. The decision pauses one...
Korea Tax Agency Recovers $23M by Tracing Hidden Overseas Assets
South Korea’s tax agency has recovered 33.9 billion won, or about $23 million, in unpaid taxes by tracking down hidden overseas assets, marking one of its most aggressive cross-border enforcement...
Bank of Korea’s New Governor Set to Pursue CBDCs, Ignore Stablecoins
New Bank of Korea Governor Shin Hyun-song has hinted at pursuing flexible monetary policies during his four-year term, which began on Tuesday, April 21, 2026. According to Hyun-song, uncertainty regarding...
Bank of Korea Calls for Crypto Circuit Breakers After Employee Error
South Korea’s central bank is pushing for stock market-style circuit breakers at cryptocurrency exchanges after a single employee error at Bithumb in February sent the equivalent of 60 trillion won...
South Korea Police Probe Crypto-Funded Revenge-for-Hire Network
South Korean police are investigating a revenge-for-hire network that allegedly accepts crypto payments for harassment services. Authorities in Gyeonggi Province identified multiple cases, raising concerns about digital assets being used...
South Korea Busan Court Sentences a Gang Member to 8 Years in Crypto Fraud Case
A Busan District Court in South Korea has sentenced a member of an organized crime group to eight years in prison after finding him guilty of seizing crypto assets, participating...
