South Korea
South Korea's Blockchain Push: Stablecoins and RWAs in Focus
South Korea's blockchain strategy centers on stablecoins and tokenized assets, with banks, fintechs, and regulators shaping the future of digital finance.
Bithumb Raided by South Korea Police in Influence Probe
South Korea police raided Bithumb amid allegations lawmaker Kim Byung-gi used his position to secure his son's job. Regulatory scrutiny intensifies.
South Korea Investigates Polymarket Users for Illegal Gambling
South Korean police probe Polymarket users for alleged illegal gambling, marking the first enforcement action against decentralized prediction markets in the country.
OKX Ventures, KIS Invest $106M for 19.6% Stake in Coinone
OKX Ventures and Korea Investment & Securities invest $106M in Coinone, marking a key move into South Korea's regulated crypto market.
Samsung Buys $408M Stake in Upbit Operator Dunamu
Samsung Securities, SDS, and Card acquire a 4% stake in Upbit operator Dunamu for $408M, signaling deeper involvement in South Korea's crypto sector.
South Korea Arrests Key Figure in CATFI Memecoin Rug Pull
South Korea's first arrest tied to a memecoin rug pull highlights regulatory action as CATFI crashes 99%, leaving investors stranded.
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.