South Korea
Incoming South Korean President to Boost Crypto Adoption by Zero-Taxing Gains
Upon taking office in May, South Korean President-elect Yoon Suk-yeol vowed to zero tax crypto trading gains not exceeding 50 million won, approximately $40,000 similar to stock gains.
South Korean Kookmin Bank to Launch the First Crypto Fund
The largest banking financial institution in South Korea- Kookmin Bank has announced its plans to launch the nation’s first crypto fund, a move targeted at retail investors.
South Korean University to Present NFT Certificates for Graduates
Sungkyunkwan University (SKKU), a top private university in Suwon, South Korea, seeks to present NFT certificates to three excellent graduates at the graduation ceremony.
S. Korea Presidential Campaigns Support Crypto as Young Investors see Growth
South Korea’s presidential campaigns have all supported cryptocurrencies as there is a growing number of young crypto investors in the country.
ADB Launches Blockchain Project for Cross-Border Securities Transactions in APAC
Asian Development Bank (ADB) is going to initiate a blockchain-powered project to connect securities depositories and central banks in the APAC region.
S. Korean Presidential Candidates to go Head to Head in Crypto Policies
As South Korea's presidential elections draw to a close, crypto is turning into a political battleground with both candidates set to showcase a number of crypto-related policies.
South Korea’s Presidential Nominee to Raise Campaign Funds by Using NFT
The campaign office of Lee Jae-myung, a South Korean Presidential aspirant, has announced the plans to raise funds through a blockchain-based digital platform with plans to issue a Non-Fungible Token (NFT) to donors afterwards.
South Korea Plans to Suspend Crypto Taxation Until 2023
Crypto investors in South Korea might have a sigh of relief because the government intends to delay imposing crypto taxation until 2023.
S Korea's SK Telecom Acquires 35% Stake on Local Crypto Exchange Korbit
SK Square, an investment company owned by South Korean wireless telecommunications company SK Telecom Co Ltd, has invested 90 billion won (about $75.4 million) in the crypto exchange platform Korbit.
S. Korea's Democratic Party Backs Support for Crypto, Metaverse
Song Young-gil, leader of the ruling Democratic Party, stated that the South Korean government should stop the crackdown on the crypto sector and start nurturing it instead.