South Korea


Finance

South Korea’s National Pension Service Eyes Blockchain for $890B Fund's Transactions

The NPS plans to invite blockchain experts and companies to participate in a preliminary disclosure process before starting a research study.

South Korea flag (Planet Volumes / Unsplash)

Finance

7-Eleven Begins Accepting Bank of Korea’s Digital Currency in CBDC Trial


Customers at 7-Eleven stores in South Korea can now pay using the Bank of Korea’s digital currency with a 10% discount to incentivize adoption.

A 7-Eleven store at night (Dennnis Schmidt/Unsplash)

Policy

South Korea Plans Sanctions Against KuCoin, Others: Report

The Financial Intelligence Unit (FIU) classified a number of exchanges who are not registered as targets for sanctions

(Daniel Bernard/ Unsplash)

Policy

Crypto Exchange Bithumb Raided by South Korean Prosecutors Over Embezzlement Allegations: Report

Investigation centers on claims that Bithumb helped a former CEO finance an apartment

(Shutterstock)

Policy

The Man Who Stabbed CEO of South Korean Crypto Firm Haru Invest Could Face Decade in Prison

The CEO of South Korea’s Haru Invest was stabbed in court during his fraud trial in August 2024.

South Korea flag (Planet Volumes / Unsplash)

Finance

South Korea’s BDACS to Use Ripple Custody for Institutional XRP, RLUSD Holdings

The collaboration aims to bolster Ripple’s ecosystem, enhance RLUSD adoption, and tap into Korean port city Busan’s blockchain-friendly economic zone.

Ripple CEO Brad Garlinghouse at Korea Blockchain Week. (Parikshit Mishra/CoinDesk)

Policy

Upbit Partner Firm Faces 3 Month Partial Suspension From South Korea

The notice is due to the company's "violation of the obligation to prohibit transactions with unreported virtual asset operators," it said.

South Korea flag (Planet Volumes / Unsplash)

Policy

South Korea to Start Lifting Ban on Corporations Trading Crypto

The country restricted institutions from trading crypto in 2017.

South Korea flag (Planet Volumes / Unsplash)

Markets

VIRTUAL Surges 28% as Upbit Listing Exposes the Token to Altcoin Savvy South Koreans

VIRTUAL is the native token of the AI launchpad Virtuals Protocol, a Base-native that recently expanded to Solana.

VIRTUAL price spike. (CoinDesk)

South Korea | CoinDesk