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16 Arrested in South Korea over Suspected Crypto Kimchi Premium Trading Violations

31.8.2022
South Korean authorities have swooped on suspected kimchi premium traders – making 16 arrests linked to some USD 1.4bn worth of crypto transactions.... Read More: 16 Arrested in South Korea over Suspected Crypto Kimchi Premium Trading Violations

South Korean authorities raid 15 entities linked to Terra collapse: Report

20.7.2022
The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit and Copax, among others on Wednesday

New South Korean Regulatory Chief Promises More ‘Fairness’ for Crypto Investors

15.6.2022
The South Korean government and financial regulators appear keen to ensure that May’s Terra ecosystem crash – an event they have dubbed the “terra/LUNA incident” – will become a watershed moment for the crypto sector, with a slew of new regulations incoming. The new head of a leading regulatory...

Hacker Used ‘Social Media Data Leak’ to Steal USD 660K in Crypto from 90 Victims - Police

4.6.2022
Police in Seoul, South Korea, have arrested and charged a 30-year-old man after officers reportedly found evidence that he may have stolen some USD 660,000 worth of crypto using data he harvested from a popular social media network.... Read More: Hacker Used ‘Social Media Data Leak’ to Steal...

South Korean Court Gains Support from Exchanges in Bid to Include Crypto in Bankruptcy Cases

12.5.2022
South Korea’s judiciary is set to include crypto holdings in lists of debtors’ assets in bankruptcy cases – and the nation’s leading crypto exchanges have agreed to cooperate with courts on the matter.... Read More: South Korean Court Gains Support from Exchanges in Bid to Include Crypto...

More Big-hitting South Korean Non-crypto Firms Eyeing Token Launches

20.4.2022
Yet more big-hitting South Korean companies from outside the crypto sector are beginning to branch out into crypto-related business – with the e-commerce giant TMon and the KOSDAQ-listed hotel chain Ananti making moves on the token issuance front.... Read More: More Big-hitting South Korean...

‘Let’s Create a Crypto Ministry,’ Industry Urges South Korean President-Elect

13.4.2022
A summit of South Korean lawmakers, industry chiefs, and leading academics has called for the country’s President-Elect Yoon Suk-yeol to create a minister – or a ministry-level agency – for the crypto sector.... Read More: ‘Let’s Create a Crypto Ministry,’ Industry Urges South Korean...

Men Who Spiked a Crypto YouTuber’s Coffee to Steal Coins Sent to Jail for 3 Years

1.2.2022
Two South Korean YouTubers who robbed a fellow crypto broadcaster by spiking them with sleeping pills and stealing USD 660,000 worth of tokens, have been sentenced to three years behind bars – after a disagreement about sharing the profits of their social media behavior got out of hand.... Read...

South Korean Presidential Candidates Pledge Lower Taxes for Crypto Traders, End to ICO Ban

19.1.2022
The new year is off to a flying start for South Korea’s crypto community – who will likely have plenty to celebrate after March’s presidential elections.... Read More: South Korean Presidential Candidates Pledge Lower Taxes for Crypto Traders, End to ICO Ban

Both Main South Korean Presidential Candidates Now Set to Unveil Pro-Crypto Manifestos

19.1.2022
Crypto is set to become a key political battleground in South Korea, where both of the leading candidates in March’s presidential elections are set to showcase a number of crypto-related policies. And although politicians’ manifestos promises are not always adhered to the letter in any part...

These School Children to Take Crypto-related Lessons

7.1.2022
South Korean children in one of the nation’s biggest provinces will learn about crypto from this spring after the local education authority announced a willingness to incorporate more “real-world” financial education in its curriculum.... Read More: These School Children to Take Crypto-related...

Upbit Crypto Exchange Traders to Face Fiat Services Disruptions over Lunar New Year Period

6.1.2022
Customers of South Korea’s market-leading crypto exchange Upbit will be affected by a possible three-day outage over the Lunar New Year period as its banking partner K-Bank relocates its operations to a new headquarters.... Read More: Upbit Crypto Exchange Traders to Face Fiat Services...

South Korea’s Potential Next President Calls Crypto ‘A Means of Trading & Investment’

7.12.2021
South Korea’s newly crypto-keen presidential candidate Lee Jae-myung has doubled down on his admiration for crypto: Fresh from telling the public that he was thinking of creating and issuing a national cryptoasset, the ruling Democratic Party presidential nominee has heaped more praise on crypto...

Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax

3.12.2021
South Korean MPs have finally overturned the government on its proposed crypto tax plans, ending a long saga that pitted lawmakers against the large crypto-skeptic administration of President Moon Jae-in.... Read More: Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax

South Korea’s Prospective New President Mulls ‘Giving a Crypto to all Citizens’

13.11.2021
Crypto has become a key issue in the run-up to the South Korean presidential election – with shots firing in all directions as politicians hunt for votes. As previously reported, the ruling Democratic Party nominee Lee Jae-myung has already pledged to unpick crypto tax law to delay the imposition...

Business Giant Hankook Readies Crypto, NFT Move

12.11.2021
Hankook Technology, a South Korean conglomerate and part of the business group that comprises one of the world’s largest tiremakers (Hankook Tire & Technology), has announced that it is branching out into crypto and non-fungible tokens (NFTs).... Read More: Business Giant Hankook Readies Crypto...