South Korea


Policy

Terra's Do Kwon Is in Serbia, CoinDesk Korea Reports

The Terraform Labs co-founder is wanted in South Korea, backed by Interpol.

Do Kwon in April 2021 (Terra, modified by CoinDesk)

Finance

South Korean Court Denies Injunction Against Crypto Exchanges for Delisting Metaverse Token Wemix: Report

The wemix token is trading 90% lower than this time last month after it was delisted by several exchanges.

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

Policy

South Korea’s Central Bank Wants to Oversee Stablecoins

The country joins other jurisdictions in proposing standards for stablecoin issuance.

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

Policy

S. Korean Judge Dismisses Arrest Warrant for Terra Co-Founder Shin

An arrest warrant for Do Kwon, another co-founder, remains in effect, however.

Daniel Shin, izquierda, y Do Kwon, cofundadores de Terra. (Terraform Labs)

Finance

Q3 Profit at South Korean Crypto Exchange Upbit's Parent Slides 73%

The firm was hit by a market decline and lower trading volume.

(Shutterstock)

Policy

South Korean Prosecutors Raid Terra Co-Founder's Company in UST Probe

Officials said they suspect Chai Corp. leaked customer information to Terraform Labs.

Daniel Shin, izquierda, y Do Kwon, cofundadores de Terra. (Terraform Labs)

Policy

FTX Fallout Adds Urgency to South Korea’s Push for Crypto Regulations: Report

An official at the Financial Services Commission says that unfair trade needs to be regulated.

Officials are currently drawing up a comprehensive regulatory framework, the Digital Asset Basic Act, expected to be finalized next year. (Jacek Malipan/ Getty)

Videos

Terra Co-Founder Do Kwon May Be in Europe: Bloomberg

South Korean prosecutors have indicated the fugitive co-founder of Terraform Labs, Do Kwon, is in Europe, according to Bloomberg. This comes as Kwon denied being on the run. "The Hash" panel discusses the latest in the aftermath of the $60 billion collapse of the Terra ecosystem.

Recent Videos

Finance

Terra's Do Kwon May Be in Europe: Report

Prosecutors also said they have obtained chat histories which point to price manipulation of the tokens he created, according to the report.

Do Kwon in April 2021 (Terra, modified by CoinDesk)

Finance

Blockchain Venture Firms to Invest $100M in Busan for Ecosystem Development

EOS Network Foundation, OKX Blockdream Ventures, AlphaNonce and others agreed to invest in blockchain companies in South Korea's second-largest city.

Busan City, South Korea (Getty Images)