South Korea


Finance

Most Influential: Sirgoo Lee

Lee shaped the exchange that defines Korea’s crypto market, but even after his exit this year, the country’s hyperactive retail engine will keep moving.

Upbit Sirgoo Lee

Finance

Parataxis Agrees to Buy Control of South Korea's Sinsiway for $27M, Build Ether Treasury

The deal would rename Sinsiway as Parataxis ETH, Inc. and make it South Korea's first ether-focused treasury platform backed by U.S. institutional capital.

South Korea's flag (Daniel Bernard/Unsplash)

Markets

South Korea Suspects North Korea-Linked Lazarus Behind $36M Upbit Hack

On Thursday, South Korea's largest digital asset exchange, Upbit, suspended deposits and withdrawals after detecting unusual activity in the Solana network tokens.

South Korea investigates possible Lazarus involvement in the Upbit hack. (Image via Shutterstock)

Markets

Korea's Upbit Suspends Deposit And Withdrawal Service After $37M in Abnormal Activity in Solana Tokens

Upbit has suspended digital asset withdrawals after detecting irregular activity involving Solana network tokens.

South Korea's flag (Daniel Bernard/Unsplash)

Policy

Upbit 'Assessing' South Korean Regulator's Review After $25M Fine

The country's largest crypto exchange shared a case where the Financial Intelligence Unit was proven wrong in the past and had actions overturned in court.

Upbit-logo (CoinDesk Archives)

Finance

Bybit Said to Be in Talks to Buy South Korean Exchange Korbit: Report

A Bybit spokesperson said the talks, reported by South Korea’s Maeil Business Newspaper, are “not within our knowledge.”

gangnam

Finance

The Great Korean Pivot: From Memecoins to Machine Chips

As crypto trading volumes collapse in South Korea, retail investors are flocking to the stock market, fueling a state-backed AI-driven rally that’s replaced altcoin mania with semiconductor fever.

South Korea's flag (Daniel Bernard/Unsplash)

Finance

AI Payments Startup Kite Debuts Token With $263M Trading Volume in First Two Hours

The blockchain firm’s native token debuted Monday with strong activity on Binance and Korean exchanges, following a $18 million Series A raise in September.

Kites (Bill Fairs/Unsplash)

Finance

South Korean Crypto Exchanges See 1,400x Jump in Flows Linked to Sanctioned Cambodian Entities

Bithumb led with 12.4 billion won, followed by Upbit with 366 million won. Smaller amounts moved through Coinone and Korbit, while Gopax reported no activity.

(Thoeun Ratana/Unsplash/Modified by CoinDesk)

Finance

South Korean Crypto Exchange Upbit to Be Acquired by Naver: Report

The deal would bring Upbit's parent Dunamu under the umbrella of Naver Financial.

Upbit-logo (CoinDesk Archives)