South Korea

News

South Korea Seeks To Apprehend Daniel Shin After Do Kwon’s Arrest

Ross - March 27, 2023

South Korean prosecutors are trying to arrest fintech entrepreneur Daniel Shin for his involvement in Terraform Labs. Co-founder Do Kwon was arrested in Montenegro and...

News

Korea Customs Seizes Illegal CryptoTransactions Worth 5.6 Trillion Won

Vignesh Karunanidhi - March 7, 2023

Korean customs service reportedly seized 5.6 trillion won worth of cryptocurrencies last year. The customs also reportedly seized 8.2 trillion won in trade and economic...

News

South Korea Commits $173 Million To Metaverse Development In 2023

Lisa walter - February 16, 2023

South Korea has committed more than $173 million to the development of the metaverse industry. The funds will go toward building metaverse labs, academies, and...

News

South Korean Regulators Keeping Eye On Ripple Vs SEC Lawsuit

Ross - February 14, 2023

Authorities in South Korea are closely monitoring the Ripple vs SEC lawsuit. The verdict in the case might have an effect on national regulation. A ruling...

News

S. Korean Ministry Officials in Search of Do Kwon, Reaches Serbia

Nynu V Jamal - February 7, 2023

South Korean officials visited Serbia in search of Do Kwon. Do Kwon was reportedly seen in Serbia in December following an arrest warrant. A team headed...

News

Virtual Currency Tracking System: South Korea’s Crypto Regulation

Nynu V Jamal - January 29, 2023

The South Korean Ministry of Justice has decided to introduce a virtual currency tracking system. The authority intends to strengthen the tracking of money laundering...

News

South Korea Orders Arrest of Bithumb Chairman and Two Other Execs

Abdulkarim Abdulwahab - January 26, 2023

Korean prosecution requested an arrest warrant for Bithumb executives. Bithumb executives were charged with fund embezzlement and breach of trust. Previously, Bithumb Holdings came under a...

News

Korean Finances Services Commission Chair Issue Security Token Offerings

Ross - January 19, 2023

Korea’s Financial Services Commission announces the issue of securities token offerings. FSC Chair Kim Joo-hyun said while STOs were not legal before, due to their...

News

Seoul Govt to Offer Public Service Virtually via ‘Metaverse Seoul’

Ritu Lavania - January 17, 2023

Citizens can directly propose policies to Seoul Mayor through ‘Metaverse Seoul.’ ‘Metaverse Seoul’ to offer services including economy, education, and administration. Seoul government spent nearly $1.6M...

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South Korea

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