South Korea
OKX Ventures buys $53 million stake in Korea's Coinone exchange
The crypto exchange's investment arm and Korea Investment & Securities will each invest 80 billion won ($53 million) as Coinone pushes into stablecoins and tokenized securities.
Samsung units to buy $408 million stake in South Korea’s biggest crypto exchange
Samsung Securities is set to take a 2% stake in Dunamu, worth over $200 million, from affiliates of technology conglomerate Kakao.
South Korean funeral company reveals $33 million loss on leveraged ether ETF bet
A Seoul-based funeral services firm disclosed tens of millions of dollars in unrealized losses tied to leveraged ether ETF investments.
OKX, Korea Investment and Securities said to be in talks for 40% of Coinone
OKX's planned move into the South Korean market would echo that of Binance, which completed its acquisition of Seoul-based Gopax last year.
Hana Bank to acquire $670 million stake in Upbit operator Dunamu
The South Korean bank announced plans for a won-pegged stablecoin, blockchain remittances and tokenized securities.
Bithumb scores a legal win in South Korea as six-month suspension is lifted by local judge
South Korea's financial watchdog imposed a $24.6 million fine on Bithumb and partial suspension that came into effect last month.
From SWIFT to onchain: South Korea’s biggest digital bank taps Ripple for high-speed global transfers
KBank is using Palisade, Ripple's software-as-a-service wallet that was acquired earlier this year as part of Ripple's $4 billion in crypto-related investments.
Bank of Korea’s new governor signals CBDC and bank token push, skips stablecoins in key address
The BOK will increase scrutiny of crypto markets and non-bank finance, and will also modernize currency markets for 24-hour foreign exchange trading, he said.
Bitcoin is now calmer than South Korea's stock market. Here's why it matters
Bitcoin's comparative stability during geopolitical turmoil has reinforced its appeal as a hedge.
South Korea to test blockchain deposit tokens for government spending in Q4
Token-based payments can be programmed with spending limits and which industries can use them, reducing audits and lowering transaction fees by removing intermediaries.
