South Korea | ForkLog

ForkLog 9 27.07.2023

South Korea urges crypto exchanges to strengthen compliance controls

The authorities in South Korea will help VASP strengthen compliance with the law and bolster measures to combat crime.

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ForkLog 18 26.07.2023

South Korea forms task force to tackle crypto crime

South Korea has launched a group to combat crypto crime. The initiative comes amid a surge in illicit activity in the digital-asset market.

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ForkLog 5 24.07.2023

South Korean banks study alternatives to stablecoins and CBDC

South Korea's Hana Bank and Woori Bank have begun studying so-called tokenized deposit certificates. The institutions see them as an alternative to stablecoins and CBDC, Maeli Business News Korea reports.

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ForkLog 9 24.07.2023

Delio platform warns of potential closure after asset seizure

South Korea-based crypto-lending platform Delio said it faced difficulties returning to normal operations after assets were seized by the FSC.

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ForkLog 22 12.07.2023

South Korea to require disclosure of digital-asset holdings

From January 2024, the FCS will require firms to disclose holdings of digital assets on their balance sheets. This follows from updated accounting rules.

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ForkLog 21 30.06.2023

South Korea Passes Bill on Digital Assets

South Korea's parliament passed a law protecting users of digital assets, spurred by the Terra collapse.

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ForkLog 11 26.06.2023

South Korea’s KT to invest $5.3 billion in AI

South Korea's KT Corporation will allocate 7 trillion won (~$5.3 billion) to research and development of AI-based products over five years.

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ForkLog 19 13.06.2023

Haru Invest platform halts withdrawals

The South Korean platform for crypto-asset management Haru Invest has halted withdrawals and deposits, citing problems with service partners.

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ForkLog 14 08.06.2023

Opinion: Do Kwon faces prison time in the United States and South Korea

Co-founder and chief executive of Terraform Labs (TFL) Do Kwon may face multiple prison sentences in the United States and South Korea.

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ForkLog 12 26.05.2023

Former Coinone employee pleads guilty to bribery charges

A former Coinone employee, surnamed Jeon, pleaded guilty to bribery charges.

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ForkLog 16 15.05.2023

Raids at Upbit and Bithumb Over Suspicious Crypto Transactions by Deputy Kim Nam-kuk

South Korean prosecutors conducted raids and asset seizures at the offices of the Upbit and Bithumb bitcoin exchanges in connection with an investigation into suspicious transactions by National Assembly deputy Kim Nam-kuk.

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ForkLog 14 15.05.2023

Samsung to Pilot Digital Won in Offline Payments

The Bank of Korea (BoK) and Samsung Electronics have agreed to continue researching CBDC technology in the offline-payments sector, according to SamNews 24.

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#South Korea