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Conscientious Objector Jailed After Being Outed As PUBG Player
5.2.2024
The Supreme Court of Korea has ruled that a South Korean man must serve one year and six months in prison after he refused the country’s mandatory military service. He had argued he was a conscientious objector, but a lower court dismissed this partially because he loves playing PlayerUnknown’s...
Ex-Terraform Labs CFO Chang-joon Extradited to South Korea- What’s Going On?
5.2.2024
Han Chang-joon, the former Chief Financial Officer of Terraform Labs has been extradited to South Korea by Montenegrin Police after the completion of his jail term. A Feb 5 official release from the country’s police administration says Chang-joon has been extradited to South Korea citing a decision...
Former Terraform Labs CFO Han Chang-joon Extradited to South Korea by Montenegro
5.2.2024
Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year
South Korea suggests crypto executive vetting for better supervision
5.2.2024
The Financial Services Commission (FSC) of South Korea has proposed modifications to the crypto regulations that would provide more power to authorities investigating crypto businesses. To commence, it will be mandatory for newly hired personnel of cryptocurrency-related organizations to provide...
South Korea’s Financial Services Commission Proposes Regulatory Approval Requirement for Crypto Executives
5.2.2024
South Korea’s financial regulator has put forward new amendments that would require regulatory approval for new executives joining cryptocurrency companies. In an official announcement, the Financial Services Commission (FSC) said it aims to address the existing pain points in the current...
South Korean Regulator to Discuss Spot Bitcoin ETF With U.S. SEC: Report
5.2.2024
In December it was reported that Financial Supervisory Service head Lee Bok-hyun was planning on meeting with the U.S. SEC Chairman Gary Gensler for the first time to discuss crypto regulation
South Korean Financial Authority Director Plans Talks on Spot Bitcoin ETFs with US SEC Chair
5.2.2024
Head of the Financial Supervisory Service, Lee Bok-hyun, is set to visit the United States later this year, intending to engage in discussions with U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. The agenda of the meeting is expected to encompass various aspects of the crypto...
South Korean Regulators Turn up Heat on ‘Gangnam Style’ PSY’s NFT Concert Ticket Sales
5.2.2024
The singer of “Gangnam Style,” PSY, could be set for an NFT clash with regulators in his native South Korea. Per Biz World, the singer’s entertainment agency P Nation launched an NFT-powered pre-sale project for PSY’s concert tour in 2023. No NFT Joy for ‘Gangnam Style’ PSY? In October 2022,...
South Korea ‘Blighted by Crypto-powered Drug Pollution’ – Report
2.2.2024
South Korea’s crypto-powered drug trading epidemic is seeing the country become “polluted” with dead-dropped narcotics, a new report has claimed. Per Ilyo Shinmun, a 59-year-old man who was arrested for drug offenses told police that he had not bought the narcotics he was caught taking. Instead...
Top Crypto Gainers Today on DEXTools – PORK2, SOUTH, PORK
1.2.2024
Top Crypto Gainers Today on DEXTools Whilst most major cryptocurrencies remain lower in the past 24 hours, the market is attempting a rebound on Thursday, low cap shitcoins $PORK2, $SOUTH and $PORK are the top crypto gainers today on DEXTools. Blue chip cryptocurrency markets dipped on Wednesday...
South Korean Prosecutor in Court for Passing Information to a Virtual Asset Investment Fraudster
1.2.2024
On Jan. 30, a South Korean court continued with the trial of a prosecutor who is accused of passing sensitive information on the progress of an investigation to an alleged virtual asset investment fraudster. According to the Gwangju District Prosecutor’s Office, the acts by the prosecutor...
South Korean Customs Officer Thwarts Crypto Mining Rig Smugglers
1.2.2024
South Korea’s Customs Service has rewarded a staff member who stopped smugglers from illegally bringing crypto mining rigs into the country. Per the news outlet Incheon Ilbo, the employee at Incheon Airport Regional Customs stopped smugglers from bringing crypto mining hardware worth around...
Top Crypto Gainers Today on Uniswap – PORK, LARRY, SOUTH
1.2.2024
PepeFork, LarryCoin and DeepSouth AI are the top crypto gainers today on DEXTools as the broader crypto market drops on Wednesday. Bitcoin (BTC) was last down around 1.6% under $43,000 after Fed Chair Powell pushed back against a March rate cut. After the Fed left interest rates unchanged...
Binance to Reduce Stake in South Korean Digital Asset Exchange GOPAX
31.1.2024
Cryptocurrency exchange Binance is looking to reduce its majority stake in GOPAX, a digital asset exchange based in South Korea. According to a new report from local media sources, Binance is considering selling some of its shares. The exchange will reveal its decision within a month or two citing...
Binance Reviews Its Majority Stake in South Korean Crypto Exchange GOPAX
31.1.2024
The world's largest crypto exchange by trading volume acquired a majority stake in GOPAX in February 2023, re-entering a market it had vacated two years previously
Korean Crypto Exchanges Block Romance Scammers’ Access to Digital Assets Worth Over $82 Million
31.1.2024
South Korean cryptocurrency exchanges have successfully stopped romance scams and voice phishing criminals from siphoning digital assets worth over $82.6 million in the past year. The exchanges attribute their success in blocking criminals to abnormal transaction detection systems, which assist...
BRICS Meeting: Iran Pushes for Common Currency — China, Russia Prioritize Settlements in Local Currencies
31.1.2024
The first BRICS sherpa meeting with 10 member states has kicked off in Russia with representatives from Brazil, Russia, India, China, South Africa, Saudi Arabia, the United Arab Emirates, Iran, Egypt, and Ethiopia. China, Russia, and Iran are all advocating for the use of national currencies...
South Korean Prosecutors, Police Face Bribery Wrap in Crypto Fraud Trial
31.1.2024
Eight South Korean prosecutors and police officers could be trialed in connection to the high-profile case of a suspected crypto fraudster. Per Newsis, the trial of one unnamed prosecutor has already begun in the city of Gwangju. The case centers around a suspected crypto fraudster surnamed Tak....
South Korean Web3 Music Service Somesing Loses $11.58 Million in Token Exploit
29.1.2024
Somesing, a popular blockchain-based social karaoke platform in South Korea, has fallen victim to an exploit resulting in the loss of approximately $11.58 million. In a recent Medium post, the platform revealed that 730 million of its native token SSX had been compromised. The attack targeted...
South Korean Crypto Exchanges Blocked $82m Worth of Romance Scam Transactions in 2023
29.1.2024
South Korean crypto exchanges say they blocked over $82 million worth of transactions linked to romance scams last year. Per Seoul Shinmun, the crypto exchange Coinone claimed catfishing and other romantic scams that make use of crypto were now “rampant” in South Korea. Coinone said that it...