#South Korea

Highlights: Bithumb confirmed a data breach that exposed the personal information of 844 customers and 715 employees and contractors. The exchange said another 5,600 customer records were involved, but their encrypted data remained unreadable. Bithumb found no evidence of trading […]

Highlights: South Korean crypto exchange Bithumb reported an employee data breach, but said customer crypto wallets remained safe. Daishin Securities reported a data leak affecting 38,490 customers, while Mirae Asset also faced suspicious access. South Korean regulators launched security checks […]

Highlights: South Korea may delay its planned crypto tax until 2029, though lawmakers have not approved changes. Under current rules, crypto gains above 2.5 million won annually would face a combined 22% tax. Officials cite difficulties tracking overseas crypto trades, […]

Highlights: South Korea will meet with major crypto exchanges on October 20 to discuss concerns over its planned tax. Crypto exchanges want clearer tax rules for staking, airdrops, and DeFi transactions before the January 2027 launch. Lawmakers are pushing to […]

Highlights: Japanese tourists could soon use stablecoins to pay at South Korean businesses under a new partnership. The partnership also includes Everspin and SBI Everspin to develop AI-powered security for cross-border financial transactions. The companies will test payment systems, refunds, […]

Highlights: South Korea is tightening its crackdown on offshore crypto exchanges by restricting access to 27 unregistered platforms. The latest restrictions target exchanges including KuCoin, MEXC, and BingX, extending earlier app bans to their websites. Regulators plan to block alternative […]

Highlights: South Korea’s Jeonbuk Bank has started offering loans to businesses that want to use Bitcoin as collateral. Businesses can borrow money without selling their Bitcoin, while approved custodians will hold the pledged assets. The bank is also looking to […]

Highlights: A ruling party lawmaker wants South Korea to delay its crypto tax beyond the planned January 2027 start. The government still backs the current schedule and says the tax impact on most investors should stay limited. Major crypto exchanges […]

Highlights: South Korea will bring tokenized products such as bonds and funds into its Securities market from February next year. Existing securities firms can handle tokenized products without applying for a separate license. Stablecoins could eventually support direct settlement of […]

Highlights: Bithumb won a 194 million won lawsuit over money gained from its February Bitcoin reward error. The error gave users Bitcoin Credits after an employee selected BTC instead of Korean won. South Korean regulators introduced stronger exchange controls after […]

Highlights: Shinhan Financial and Visa will test stablecoin issuance, transfers, redemptions, and payment services in South Korea. The partnership also covers AI-based payments and new services for businesses and consumers across Shinhan’s financial network. The companies plan to build a […]

Highlights: South Korea’s FIU could investigate suspected violations before referring serious cases to other authorities. The new bill would give the FIU more power to investigate unregistered crypto firms directly. Overseas crypto firms serving local customers must follow the country’s […]