South Korea


Policy

South Korea Postpones 20% Crypto Tax to 2025

The government announced its 2022 tax reform plan on Thursday, which included further postponing plans to tax crypto earnings that were already delayed by a year.

South Korea has delayed plans to tax crypto by two years to 2025. (Jacek Malipan/Getty)

Finance

Prosecutors Raid 7 Korean Exchanges Amid Terra Probe: Report

Seven exchanges and eight other addresses have been raided in connection to the Terraform Labs fraud investigation.

The offices of Bithumb and six other South Korean crypto exchanges were reportedly raided by investigators. (Shutterstock)

Finance

Corea del Sur investiga a Terra Labs por supuesta malversación de bitcoin tras el colapso de UST, según informe

Se ha iniciado una investigación a Terraform Labs de Do Kwon por supuesta malversación de bitcoin de la compañía.

Daniel Shin y Do Kwon, cofundadores de Terra. (Terraform Labs)

Finance

Terraform Labs Probed for Alleged Bitcoin Embezzlement Following UST Collapse: Report

South Korean authorities are investigating, saying the implosion affected about 280,000 citizens.

Daniel Shin y Do Kwon, cofundadores de Terra. (Terraform Labs)

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Finance

Solana Commits $100M to Support South Korean Crypto Projects

The fund, created by Solana Ventures and the Solana Foundation, will focus on virtual gaming and will invest in NFT and DeFi projects.

GameFi skeptics say that these games are not fun. (Jens Schlueter/Getty Images)

Policy

South Korean Government to Form Digital Assets Committee in Response to Terra Collapse: Report

The committee will provide criteria for the listing of coins by exchanges, introduce investor protections and monitor unfair trading.

Seoul, South Korea (Shutterstock)

Markets

First Mover Asia: Regulatory Attention on Terra Could Change South Korean Trading Environment; Bitcoin Goes Sideways

The founders of two prominent crypto-related organizations said tightened restrictions could make it difficult for foreign tokens to list on Korean exchanges, discouraging projects from trying.

Seoul, South Korea (Ciaran O'Brien/Unsplash)

Layer 2

Why Is South Korea Throwing Money at the Metaverse?

South Korea’s “Digital New Deal” is flooding the country’s tech industry with billions of dollars in grant money in the hopes of creating 2 million new jobs. This article is part of "Metaverse Week."

(Yunha Lee/CoinDesk)

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Policy

South Korean Authorities Look to More Closely Scrutinize Exchanges Following Terra Meltdown: Report

Around 280,000 South Koreans are believed to have been victims of the abrupt plunge in UST and LUNA.

South Korea

Policy

Korean Police Move to Freeze Luna Foundation Guard Assets: Report

Seoul police are seeking to ban the entity from withdrawing suspected embezzled funds.

The Terra logo inside the luxury club at Nationals Park. (Danny Nelson/CoinDesk)