South Korea


Finance

Crypto Exchange Binance to Help S. Korean City of Busan Develop Its Blockchain Industry

Binance will provide services and education to support the city's blockchain development.

Busan City, South Korea (Getty Images)

Finance

Ex-S. Korean Finance Minister Yong-Beom Kim Appointed as CEO of Hashed Open Research

The research arm of crypto venture capital fund Hashed is looking to bridge the gap between the blockchain industry and the South Korean government.

Seoul, South Korea (Ciaran O'Brien/Unsplash)

Finance

Seven S. Korean Brokerages Plan to Start Crypto Exchanges Next Year: Report

Authorities in the country have trending towards strict oversight since the terraUSD collapse.

Seoul, South Korea (Ciaran O'Brien/Unsplash)

Policy

South Korea Plans to Tax Crypto Airdrop Recipients: Report

The government said crypto airdrops count as gifts under tax legislation.

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Policy

South Korea's Money Laundering Watchdog Flags 16 Crypto Firms for Operating Without Registration

Crypto exchanges KuCoin and Poloniex are among the foreign firms accused of conducting "illegal business activities" without proper registration, and could face fines or imprisonment.

South Korea has delayed plans to tax crypto by two years to 2025. (Jacek Malipan/Getty)

Tech

'Don't Say Terra' and Other Reflections From Korea's Crypto Extravaganza

A string of conferences in Seoul explored the future of DeFi, but the $40 billion blowup of a major Korean project was not on the agenda.

According to former employees, "Terra" was the unofficial beer of Terraform Labs.  (Sam Kessler/CoinDesk)

Markets

First Mover Asia: Bitcoin Tests $25K Before Retreating; S. Korea Play-to-Earn Ban Unlikely to End Soon

The South Korean government has yet to show any sign of wanting to change current laws, said attendees at Korea Blockchain Week; ether falls.

(Getty Images)

Policy

South Korea Arrests 3 in Multibillion-Dollar Crypto-Linked Probe: Report

Authorities are investigating $3.4 billion in "abnormal transactions" involving foreign exchange and crypto investments, according to a local media outlet.

Authorities in South Korea have reportedly arrested three people tied to a forex probe involving crypto. (Catherine Falls Commercial/Getty Images)

Policy

South Korea's Financial Watchdog to Expedite New Crypto Rules: Report

Thirteen bills related to virtual assets are waiting to be debated in Parliament, the chairman of the Financial Services Commission said.

South Korea's lawmakers are looking into the Terra collapse and other crypto failures. (efired/Getty)