South Korea


Markets

South Korea’s Dunamu Pledges Nearly $9M to Protect Crypto Investors: Report

The Upbit operator plans to set up a unit to help prevent fraud and assist victims of crypto crime, among other things.

Seoul

Markets

Digital Currency Group Invests in South Korean Crypto Exchange

DCG has become the second-largest shareholder in blockchain company Streami, operator of crypto exchange Gopax.

Seoul, South Korea

Markets

South Korea’s Crypto Legal Framework Is Insufficient, Lawmaker Says

Kim Byung-wook said he believes the crypto industry is unique and different from traditional finance.

daniel-bernard-qjsmpf0aO48-unsplash

Markets

Taxing Crypto Trading Gains ‘Inevitable,' Says South Korea Finance Minister: Report

Crypto traders’ gains will be subject to 20% tax on profits over 2.5 million won (~$2,250) from January 2022.

Seoul

Markets

Young Koreans Turning to Crypto as Alternative for Creating Wealth

Young employees in their 20s and 30s are reportedly leaving the workforce to pursue riches in crypto trading.

Seoul

Markets

Former Bithumb Korea Chairman Handed Over to Prosecutors

The move may mean the investigation is beginning to intensify.

Bithumb

Policy

South Korea's Top Financial Regulator Suggests All Crypto Exchanges Could Be Shut Down

Eun Sung-soo, head of South Korea's chief financial services regulator, said no crypto exchange had applied for its VASP license.

Eun Sung-soo, head of South Korea's Financial Services Commission, said all of the nation's crypto exchanges could be shut down by this fall.

Markets

Seoul Seizes Tax Dodgers' Crypto From Exchanges: Report

The department has seized around 25 billion won ($22 million) in digital assets from 676 of the alleged tax evaders.

Seoul skyline

Markets

Bitcoin 'Kimchi Premium' Fades Amid South Korean Exchange Crackdown, Price Sell-Off

The premium measures the spread between bitcoin's price on Korean exchanges and other venues.

kimchi, soup

Markets

South Korea Kicks Off New Crackdown on Illicit Crypto Activities

The government's "special enforcement period" stems from a new crypto-related law that took effect this year.

South Korea's Office for Government Policy Coordination is planning a new enforcement action against illegal crypto activities.