South Korea Archives

South Korea: Over $160M seized from Terra employees linked to 2022 collapse

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6 April, 2023

South Korea: Over $160M seized from Terra employees linked to 2022 collapse

Authorities in South Korea insist that while an investigation into Terra's collapse is ongoing, asset seizures are necessary to prevent...

South Korea prosecutors fail to secure arrest warrant for Terra co-founder anew

Business

Wahid Pessarlay

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4 April, 2023

South Korea prosecutors fail to secure arrest warrant for Terra co-founder anew

Despite facing multiple charges, a district court judge has—for the second time—ruled against issuing an arrest warrant to Daniel Shin,...

Do Kwon to stand trial over falsification of travel documents amid extradition tussle

Business

Wahid Pessarlay

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1 April, 2023

Do Kwon to stand trial over falsification of travel documents amid extradition tussle

South Korea and the United States are in a tug-of-war game on who gets to keep embattled Terraform Labs founder...

South Korean authorities nab former Coinone staff over bribery allegation

Business

Wahid Pessarlay

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25 March, 2023

South Korean authorities nab former Coinone staff over bribery allegation

The arrest of a former Coinone worker suspected of accepting bribes sparks a wide-scale investigation of leading digital currency exchanges...

Terra founder Do Kwon arrested in Montenegro

Business

Steve Kaaru

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24 March, 2023

Terra founder Do Kwon arrested in Montenegro

Do Kwon was arrested boarding a flight to Dubai with a second suspect, with forged Belgian and Costa Rican passports;...

Business

Wahid Pessarlay

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21 March, 2023

Bithumb executives under probe in South Korea over alleged token listing bribery

The investigations follow a police raid on Bithumb CEO Lee Sang-jun's private residence and Bithumb's office complex in search of...

South Korean prosecutors pulling all strings to secure Do Kwon’s arrest, extradition: report

Business

Wahid Pessarlay

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19 March, 2023

South Korean prosecutors pulling all strings to secure Do Kwon’s arrest, extradition: report

South Korea is exhausting all means to bring justice to the victims of the collapse of Terra, with prosecutors now...

South Korea invests $51M into metaverse projects

Business

Wahid Pessarlay

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12 March, 2023

South Korea invests $51M into metaverse projects

South Korea's Ministry of Science earmarked funds will be used to prop up 13 new projects leveraging virtual worlds in...

South Korea logs $4.3B worth of illegal digital currency transactions in 2022

Business

Wahid Pessarlay

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11 March, 2023

South Korea logs $4.3B worth of illegal digital currency transactions in 2022

Amid stern regulations, illegal digital currency transactions in South Korea remain high, with authorities registering over $4 billion in 2022...

South Korea cracks down on voice phishing linked with digital currencies

Business

Wahid Pessarlay

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5 March, 2023

South Korea cracks down on voice phishing linked with digital currencies

The proposed amendments to the Telecom Fraud Damage Refund Act will include heightened monitoring of the asset class and the...

South Korea: E-commerce CEO facing allegations of shilling LUNA tokens

Business

Wahid Pessarlay

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19 February, 2023

South Korea: E-commerce CEO facing allegations of shilling LUNA tokens

Prosecutors alleged that the e-commerce CEO, who was identified only as Mr. A, played a major part in the collapse...

South Korea goes after digital currency staking services following Kraken’s debacle: report

Business

Wahid Pessarlay

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18 February, 2023

South Korea goes after digital currency staking services following Kraken’s debacle: report

At the moment, details and the direction of the financial regulators' investigations remain unclear largely because of the lack of...

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