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South Korea

Singapore court rules Bithumb acquisition case in favor of exchange founder: report
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6 September, 2022

Singapore court rules Bithumb acquisition case in favor of exchange founder: report

After a years-long deliberation, former Bithumb chairman Lee Jeong-hoon won his lawsuit in Singapore against BK Medical Group chief Kim...
South Korea: 16 arrested over alleged illegal digital assets-linked forex transactions
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4 September, 2022

South Korea: 16 arrested over alleged illegal digital assets-linked forex transactions

South Korea sees a nearly 10% rise in illegal forex transactions tied with digital assets this 2022, forcing authorities to...
South Korea: ICO ban likely to be lifted as Bank of Korea eyes EU’s MiCA
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2 September, 2022

South Korea: ICO ban likely to be lifted as Bank of Korea eyes EU’s MiCA

The central bank stated its intention in a paper it published reviewing the EU's Markets in Crypto Assets Act (MiCA),...
Levy on digital asset airdrops sought in South Korea
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26 August, 2022

Levy on digital asset airdrops sought in South Korea

South Korea heightens its digital asset regulation with the finance ministry announcing that airdropped assets are now subject to a...
South Korea finance giants eye digital asset exchanges by H1 2023
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25 August, 2022

South Korea finance giants eye digital asset exchanges by H1 2023

Top guns in South Korea’s finance market are backing President Yoon Suk-yeol's digital assets campaign with a plan to launch...
South Korea: FSC takes action against 16 unregistered foreign digital asset exchanges
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23 August, 2022

South Korea: FSC takes action against 16 unregistered foreign digital asset exchanges

The FSC said that the unregistered exchanges were brought to its notice by its sub-unit responsible for overseeing the registration...
South Korea pilots digital assets seizure for traffic fines settlement
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21 August, 2022

South Korea pilots digital assets seizure for traffic fines settlement

The coronavirus pandemic has led to the adoption of a new method that allows South Korean police to collect digital...
South Korea: New probe uncovers $6.5B worth of digital assets linked to illegal transactions
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19 August, 2022

South Korea: New probe uncovers $6.5B worth of digital assets linked to illegal transactions

South Korea's regulatory board is eyeing sanctions against financial institutions linked to illicit forex transactions to safeguard its digital assets...
South Korea: Financial authorities to review digital asset legislation
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17 August, 2022

South Korea: Financial authorities to review digital asset legislation

Financial Services Commission Chair Kim Joo-hyun said the commission will maintain a balance that fosters innovation in blockchain development while...
South Korea bust 3 in connection with $3B digital asset-related probe
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16 August, 2022

South Korea bust 3 in connection with $3B digital asset-related probe

The Daegu District Prosecutor's Office brought several charges on the three as they were alleged to have set up paper...
Samsung signs MoU deal to give new NFT project offline utility
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13 August, 2022

Samsung signs MoU deal to give new NFT project offline utility

Holders of the Samsung NFTs can access discounts when they finalize the purchase of the company's Galaxy S22 series and...
South Korea’s tax agency vows to tighten digital assets tax evasion loopholes
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11 August, 2022

South Korea’s tax agency vows to tighten digital assets tax evasion loopholes

The NTS is also looking into individuals using digital assets to evade inheritance and gift taxes, as well as online...