South Korea

South Korea

Policy

Haru Invest Execs Arrested in South Korea for Allegedly Stealing $828M Worth of Crypto: Report

The platform paused withdrawals and fired 100 employees last June citing issues with service partners.

Arrest (niu niu/Unsplash)

Policy

Former Terraform Labs CFO Han Chang-joon Extradited to South Korea by Montenegro

Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year.

Terra Community AMA with Do Kwon (April 2021)  (Terra, modified by CoinDesk)

Policy

South Korean Regulator to Discuss Spot Bitcoin ETF With U.S. SEC: Report

In December it was reported that Financial Supervisory Service head Lee Bok-hyun was planning on meeting U.S. SEC Chairman Gary Gensler for the first time to discuss crypto regulation.

(Daniel Bernard/ Unsplash)

Finance

Binance Reviews Its Majority Stake in South Korean Crypto Exchange GOPAX

The world's largest crypto exchange by trading volume acquired a majority stake in GOPAX in February 2023, re-entering a market it had vacated two years previously.

Two large stacked blocks displaying Binance's logo at a trade show.

Policy

South Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law

Further review and consideration regarding crypto ETFs is planned, the regulator says.

(Daniel Bernard/ Unsplash)

Policy

South Korea Regulator Seeks Ban on Crypto Purchases With Credit Cards

The Financial Services Commission cited concerns "about illegal outflow of domestic funds overseas due to card payments on overseas virtual asset exchanges."

(Daniel Bernard/ Unsplash)

Policy

South Korea to Make Officials' Crypto Disclosures Public

Public officials will be provided an asset disclosure service starting next year to report crypto and other holdings, South Korea's Ethics Policy Division said.

(Daniel Bernard/ Unsplash)

Policy

South Korea's Financial Regulations Chief to Meet SEC Chairman Gensler Next Month: Report

The two aim to strengthen cooperation on crypto regulations before South Korea's new crypto laws go into effect next year.

(Shutterstock)

Policy

South Korea Financial Regulator Proposes Consumer Protection Rules for Crypto Users

The rules are scheduled to take affect on July 19 next year.

(Daniel Bernard/ Unsplash)

Videos

Role of the South Korean Crypto Market in Bitcoin's Latest Rally

CoinDesk's executive director of global content Emily Parker takes a closer look into the daily crypto trading volume on South Korean exchanges and what it means for bitcoin's (BTC) latest rally, as the largest cryptocurrency by market cap has climbed nearly 25% in the past month. Plus, the significance of BLUR trading in the Korean market.

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