South Korea


Policy

Bithumb Exchange's Offices Raided Again by Korean Authorities: Report

Local officials are said to have raided Bithumb's offices for the second time in a week as part of a fraud investigation.

(Shutterstock)

Markets

Police Reportedly Raid Headquarters of Bithumb, South Korea's Largest Exchange

Crypto exchange Bithumb has reportedly been seized by police in Seoul on allegations that its chairman engaged in investment fraud.

(Primakov/Shutterstock)

Policy

South Korea’s Central Bank Starts Technical Phase for Digital Currency Ahead of 2021 Pilot

The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency.

Bank of Korea

Markets

South Korean Crypto Exchange Coinbit Raided Over Allegations of Wash Trading: Report

South Korea's third-largest crypto exchange has reportedly been raided by police over allegations it faked trading volume.

Seoul

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Markets

South Korean Government Proposes Tough New 22% Tax on Crypto Trading

Crypto trading profits could be liable to a 22% tax should the Korean National Assembly approve the newly tabled proposal.

A scattering of 50,000 South Korean-won notes

Markets

South Korean Government Turns to Blockchain Tech to More Securely Store Clinical Diabetes Data

The government has asked startup Sendsquare to develop a proof-of-concept blockchain registry to help analyze, anonymize and store clinical diabetes data.

Seoul skyline

Markets

South Korean Soccer League Tokenizes Players for Fantasy Football Game

A new licensing agreement between the South Korean soccer league and Sorare will bring on over 400 K League players on to the fantasy soccer platform.

South Korea's K League will let fans create a sort of fantasy team using blockchain tokens representing players. (Waka77/Wikimedia Commons)

Markets

North Korean Hackers Ramp Up Efforts to Steal Crypto Amid Coronavirus Pandemic

Notorious hacking group Lazarus is said to be increasing its efforts to steal cryptocurrency from traders and industry professionals during the COVID-19 crisis.

Pyongyang, North Korea (Credit: Shutterstock)

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Policy

South Korean Central Bank Accelerates Digital Currency Pilot to Keep Up With Other Nations

The Bank of Korea has historically been skeptical about CBDCs, but now it's having to keep up.

Credit: Shutterstock

Policy

Alleged Mastermind of Sex Abuse Chatrooms Hid Payments With Privacy Coin Monero

The 25-year-old used the cryptocurrency monero to obfuscate payments for abusive sexual material, according to a CoinDesk Korea investigation.

Cho Ju-bin revealed to reporters in Seoul. Credit: Joint coverage CoinDesk Korea/Hankyoreh