#South Korea

Highlights: South Korea intends to permit corporate investments in crypto to boost market liquidity and innovation. The FSC aims to align crypto rules with global standards and enhance user protection. The new measures will increase corporate stockholding limits and improve […]

Highlights: South Korea sanctions 15 North Korean IT members and one firm for involvement in cyber thefts. Organization Bureau 313, involved in weapons programs, sends IT workers abroad for illicit activities. North Korean hackers stole $1.34 billion in 2024, making […]

Highlights: South Korea’s crypto investors surpassed 15.59 million, accounting for over 30% of the population. Bitcoin prices surged, boosting total crypto holdings to 102.6 trillion KRW in November. The average daily trading volume of crypto exchanges reached 14.9 trillion KRW […]

Highlights: South Korean Congressman faces prison sentence for hiding $6.8 million in crypto profits from 2021 to 2022. Prosecutors claim he misled the National Assembly’s Ethics Committee. South Korea remains a crypto powerhouse with $18 billion in daily trading. Kim […]

Highlights: South Korea’s crypto market reached a record $34 billion in trading volume over the past 24 hours. Upbit exchange led the surge in South Korea’s crypto market, processing $27.25 billion. The surge in trading followed President Yoon’s martial law […]

Highlights: On Nov. 22, the court declared Delio bankrupt after operational disruption. Delio must sell assets; creditors must submit claims by February 21, 2025. Delio’s sister company, Haru Invest, also declared bankruptcy. On Nov. 22, a Seoul court declared South […]

Highlights: Upbit has reportedly returned $6 million to about 380 victims of telecom scams. Per reports, the fund recovery processes involved combined efforts from Upbit’s operator, Dunamu, and the Seoul Metropolitan Police. Upbit has adopted a similar recovery technique to […]

Highlights: A Seoul Rehabilitation Court has declared South Korea’s Haru Invest bankrupt after the over $1 billion investment scam scandal. The court revealed that the creditors’ first meeting will kick off on February 11, 2025. 2025’s meeting outcome will determine […]

Highlights: Upbit faces scrutiny for 600,000 suspected KYC violations during its license renewal review. Regulators link Upbit’s compliance issues to its dominant market position, raising competition concerns. Despite investigations, Upbit is expanding its trading options, listing new tokens like PEPE […]

Highlights: South Korea’s crypto investor base soared by 21% to 7.78 million in 2024’s first six months. The Asian nation also witnessed a 67% jump in daily transactions as market capitalization recorded a 27% spike. Men in their thirties dominated […]

Highlights: South Korea plans to regulate cross-border virtual asset transactions to combat misuse. Businesses must register and report international crypto transfers to the Bank of Korea. Legal revisions are expected to finish by early 2025, with new rules in Q2. […]

Highlights: South Korea recognizes cryptocurrency as a marital asset in divorce proceedings. Younger South Koreans increasingly favor digital assets over traditional pension systems. New regulations aim to enhance oversight and protect investors in the cryptocurrency market. South Korea now permits […]