South Korea


Web3

Upbit Parent Files ‘GIWA’ Trademarks Amid Rumors of New Blockchain Launch

A website tied to the name of the project is live, featuring a countdown suggesting an announcement could be made within the next few hours.

Filing cabinet in an office (Maksym Kaharlytskyi/Unsplash)

Finance

South Korea’s Top Banks Said to Meet Tether, Circle on Stablecoin Partnerships: Report

In separate meetings, executives from Shinhan, Hana, KB Financial and Woori Bank will explore the role of dollar-pegged and won-pegged stablecoins in the country.

A view of Seoul, the capital of South Korea

Markets

South Korea Tells Crypto Firms to Stop Launching New Lending Products as Leverage Risk Builds

Regulators froze new lending products after forced liquidations and market distortions, but some analysts say improvements, not shutdowns, are the smarter path forward.

South Korea's flag (Daniel Bernard/Unsplash)

CoinDesk Indices

Crypto for Advisors: Asian Stablecoin Adoption

Examining South Korea’s tightly controlled CBDC approach versus Japan’s open stablecoin framework, and what these shifts could mean for investors.

Compass in blue color

Policy

With South Korea's CBDC Plans Dead, KakaoBank Joins Stablecoin Gold Rush

The online lender joins a growing wave of Korean fintechs eyeing stablecoin issuance after the government scrapped its CBDC pilot in favor of private-sector alternatives.

 (Daniel Bernard/Unsplash)

Finance

Ripple’s Partnership With BDACS Pays Off as XRP Support Goes Live at Korean Crypto Custodian

BDACS launches XRP custody for institutions in Korea, deepening Ripple partnership and boosting regulatory alignment for XRP’s global institutional use.

Close-up of a water droplet creating ripples

Policy

Bank of Korea to Establish Virtual Asset Team as Lee Looks to Shape Crypto Regime: Report

The team will be responsible for monitoring the digital asset market and holding discussions on crypto-specific legislation.

The entrance to the Bank of Korea at night.

Policy

South Korea Tells Firms to Cut Exposure to Crypto ETFs, Coinbase and Strategy: Report

The report seems to suggest a change in stance by South Korea, which was reportedly looking to ease crypto trading.

South Korean flag. (CoinDesk Archives)

Policy

Crypto Exchange Coinone Wins South Korean Court Battle Over Doubled Bitcoin Withdrawals

The court ruled the customers benefited from unjust enrichment due to a network delay, not the exchange’s servers.

Lady Justice (Wesley Tingey/Unsplash)

Finance

South Korean Exchange Upbit to Work on Won Stablecoin With Naver Pay: Report

A KRW stablecoin could effectively iron out the spread between exchanges and end the "kimchi premium."

South Korea's flag (Daniel Bernard/Unsplash)