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South Korea's 22% Crypto Tax Faces Pushback with 50K Petition Signatures
A petition opposing South Korea's 22% crypto tax garners over 50,000 signatures, forcing a government review as investor concerns mount.
South Korean Funeral Firm Faces $33M Loss on Leveraged Ether ETF
Bumo Sarang, a South Korean funeral company, faces a $33M unrealized loss from a leveraged Ether ETF, exposing risks in its nontraditional asset allocation.
KB Financial’s Stablecoin Pilot Cuts Fees by 87%, Eyes Expansion
KB Financial's stablecoin pilot slashes fees by 87% vs SWIFT, tests offline payments. Launch depends on South Korea's pending crypto regulations.
South Korea FSC Reviews Hana Bank’s $668M Dunamu Stake Plan
South Korea’s FSC is scrutinizing Hana Bank's acquisition of a Dunamu stake, citing potential conflict with banking-commerce separation rules.
South Korea to Unveil Tokenized Securities Rules in July
South Korea's FSC will release detailed tokenized securities regulations in July, paving the way for a regulated blockchain-based capital market by 2027.
OKX Eyes Coinone Stake as South Korea’s Crypto Market Heats Up
OKX may acquire a 20% stake in Coinone, entering South Korea’s high-stakes crypto market amid growing competition from global and local players.
South Korea Crypto Market Drops 50% as Stocks Surge
South Korea's crypto holdings plunged 50% in a year, with trading volumes collapsing as investors pivot to stocks and regulators tighten oversight.
Samsung SDS to Build Tokenized Securities Platform for KSD
Samsung SDS secures contract to develop a blockchain platform for Korea Securities Depository, aligning with South Korea's upcoming tokenized securities regulations in 2027.
South Korea's Crypto Exchanges Resist Tightened AML Rules
South Korea's crypto industry warns proposed AML rules could overwhelm exchanges, increasing reports by 85x and complicating compliance.
Kbank Tests Ripple Wallet for South Korea Remittances
Kbank partners with Ripple to trial blockchain-based remittances amid South Korea's evolving stablecoin regulatory framework.