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South Korea
Bitcoin Surge Sees Crypto Trading Volumes Exceed the Stock Market in South Korea
The KOSPI trading volume totaled a record 11.4794 trillion won on Mar. 8, compared to nearly 12 trillion won on local crypto exchanges on Sunday.
'Kimchi Premium' Reaches Two-Year High
"Kimchi premium" refers to the difference in bitcoin prices on Korean exchanges compared to global exchanges – and bitcoin is currently trading at a 10% premium in South Korea. The arbitrage was popularized by Sam Bankman-Fried and involves buying bitcoin on a global exchange and then selling it on a Korean exchange for profit. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."
Do Kwon to Be Extradited to South Korea After March 23, Lawyer Says
A Montenegrin high court on Thursday approved Kwon's extradition to the Asian nation to face criminal charges over the collapse of Terra.
South Korea’s Most Populated Province Traces and Collects $4.6M From Crypto Tax Evaders
South Korea’s Gyeonggi Province tax department traced the crypto accounts through the mobile numbers of the delinquents held by local authorities.
South Korea’s Ruling and Opposition Parties Make Crypto-Related Poll Promises Ahead of Elections
South Korea's national elections are scheduled for later this year on April 10.
Crypto Crime Could Mean Jail for Life in South Korea
The new consumer protection rules will take effect in July 2024.
Haru Invest Execs Arrested in South Korea for Allegedly Stealing $828M Worth of Crypto: Report
The platform paused withdrawals and fired 100 employees last June citing issues with service partners.
Former Terraform Labs CFO Han Chang-joon Extradited to South Korea by Montenegro
Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year.
South Korean Regulator to Discuss Spot Bitcoin ETF With U.S. SEC: Report
In December it was reported that Financial Supervisory Service head Lee Bok-hyun was planning on meeting U.S. SEC Chairman Gary Gensler for the first time to discuss crypto regulation.
Binance Reviews Its Majority Stake in South Korean Crypto Exchange GOPAX
The world's largest crypto exchange by trading volume acquired a majority stake in GOPAX in February 2023, re-entering a market it had vacated two years previously.
