South Korea


Policy

South Korea Looks to Ban Crypto Exchange Employees From Trading on Their Own Platforms

At present, there are no restrictions on exchange executives and other employees to trade cryptocurrency on their platforms.

The South Korean Financial Services Commission is extending a ban on short-selling after last week's GameStop share price pump.

Policy

South Korean Parliament Discusses Crypto Bills for First Time

The South Korean parliament has begun discussing a number of bills specifically addressing crypto.

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Markets

South Korea Plans to Tax Overseas Crypto Assets Starting in 2022: Report

Koreans will be required to pay tax when balances held with foreign virtual-asset businesses exceed 500 million won ($450,000).

Korean won

Markets

Solana Launches $20M Fund to Advance Ecosystem in Korea

The launch comes only weeks after Solana drew $60 million in funding for projects in Brazil, Russia, India and Ukraine.

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Markets

Crypto Exchange Korbit Launches South Korea's First NFT Marketplace

All transactions on the platform will be carried out in ethereum.

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Markets

Bank of Korea Sees Threat to Financial System in Leveraged Crypto Trading

The central bank governor has pledged to monitor transactions of Korea's financial institutions associated with leveraged crypto trading.

Bank of Korea building, Seoul

Markets

CEO of Upbit Parent Dunamu Says Exchange Eyeing Further Overseas Expansion

Speaking at CoinDesk's Consensus, the CEO of Upbit's parent company said the exchange was looking to expand into Southeast Asia.

Seoul

Markets

South Korea’s Central Bank to Choose Supplier for Digital Currency Pilot

The Bank of Korea is looking for a technology supplier to explore a digital currency in a test environment.

Bank of Korea

Markets

South Korea’s Central Bank Seeks Authority to Monitor Crypto Transactions: Report

The Bank of Korea hopes to start as early as September, an official said.

Bank of Korea building, Seoul

Markets

South Korea Clamps Down on Phishing Activity Targeting Crypto Investors: Report

South Korea's Ministry of Science and ICT reports there has been a surge in phishing attempts targeting cryptocurrency users.

The South Korean Financial Services Commission is extending a ban on short-selling after last week's GameStop share price pump.