South Korea | ForkLog

ForkLog 10 16.08.2022

South Korean authorities study banks’ role in $6.5 billion kimchi premium arbitrage

In July, the FSS began an investigation into alleged facilitation by local banks of overseas transfers to crypto exchanges worth $6.5 billion, linked to the 'kimchi premium'. Cointelegraph reports.

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ForkLog 21 08.08.2022

Crypto.com secures digital-asset service provider licence in South Korea

Crypto.com has acquired payment-services provider PnLink and digital-asset provider OK-BIT with the corresponding licences from South Korean regulators.

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ForkLog 12 27.07.2022

Media report investigation into schemes involving the ‘kimchi premium’ in South Korea

South Korean law enforcement authorities have begun examining possible violations of foreign-exchange rules involving the so-called 'kimchi premium' on Bitcoin, Yonhap reports.

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ForkLog 14 22.07.2022

Media report searches at Terraform Labs co-founder’s home

Officials from the Seoul Southern District Prosecutor's Office conducted searches at the home of Terraform Labs co-founder Daniel Shin as part of the Terra ecosystem collapse investigation. Local media report.

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ForkLog 18 21.07.2022

South Korea delays tax on bitcoin traders

The government of South Korea announced a two-year postponement of the implementation of digital asset taxation, according to Digital Today.

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ForkLog 8 07.07.2022

South Korean startup loses around $24 million on LUNA short position

In May, the South Korean digital-asset management platform Uprise lost about 99% of client funds when liquidating a short position in Terra's LUNA token, according to Seoul Economic Daily.

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ForkLog 16 06.07.2022

US and South Korea to exchange data on Terra ecosystem collapse investigation

The Seoul Southern District Prosecutor's Office and the regulator for the Southern District of New York have agreed to exchange information regarding the Terra ecosystem collapse investigation, Yonhap reports.

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ForkLog 17 09.06.2022

Seoul Police Open Investigation into Terraform Labs Employee

The Seoul Metropolitan Police Agency has initiated an investigation into one of Terraform Labs' employees. The agency is examining information concerning potential misappropriation of corporate funds.

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ForkLog 18 01.06.2022

Media reports on the creation of a digital assets committee in South Korea

The South Korean authorities will create a temporary Committee on Digital Assets after the Terra ecosystem's collapse. Local media report this.

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ForkLog 15 30.05.2022

Journalists report probe into Terraform Labs staff in South Korea

South Korean authorities have initiated an investigation into Terraform Labs staff as part of the probe into the collapse of the ecosystem, according to local news agency JTBC.

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ForkLog 20 25.05.2022

Terra ecosystem collapse draws regulators’ attention in South Korea

On Tuesday, 24 May, financial regulators held an emergency session in the National Assembly of South Korea regarding the potential consequences of the Terra collapse.

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ForkLog 13 20.05.2022

Bitcoin exchange Gopax raises $23.7 million in round with DCG participation

Streamy, the operator of the South Korean cryptocurrency exchange Gopax, announced the closing of a 30-billion-won ($23.7 million) Series B financing round.

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#South Korea