South Korea


Policy

Bank of Korea Halts CBDC Project as Government Submits Stablecoin Bill: Report

The project had reached the stage of developing a pilot program together with participating banks.

16:9 South Korea Won (ldensity67/Pixabay)

Markets

Circle Mania Grips South Korea as Retail Investors Pile Into Stablecoin Play

South Korea’s retail traders just made Circle their top foreign stock as a new president ramps up stablecoin regulations.

South Korea flag (Planet Volumes / Unsplash)

Finance

A South Korean Biotech Firms Gets $183.3M Funding to Build Bitcoin Treasury

The company is also preparing to list on public markets in the U.S. via a special purpose acquisition company, SilverBox Corp IV.

16:9 Healthcare, biotech, laboratory (Darko Stojanovic/Pixabay, modified by CoinDesk)

Web3

Tencent Is Looking to Buy Nexon, the Creator of Web 3 Gaming Franchise MapleStory

The deal could help Tencent secure long-term control over popular intellectual property and expand its presence in the South Korean gaming market.

MapleStory gameplay (YoutTube)

Policy

South Korea's Ruling Party Wants to Allow Companies to Issue Stablecoins: Bloomberg

Under a proposed law, companies would be able issue their own tokens provided they meet equity capital requirements and can guarantee refunds through reserves.

South Korea's National Assembly

Markets

Asia Morning Briefing: Vitalik's Plan Can Bring ETH to $3K and Crypto 'More Popular' Than Stocks in South Korea

Left-leaning Lee Jae-myung won't change the nation's crypto policies, Hashed CEO Simon Kim said in an interview with CoinDesk

South Korea's flag (Daniel Bernard/Unsplash)

Policy

South Korea Elects Crypto-Friendly Lee Jae-myung as New President

During the election Lee Jae-myung made a host of crypto promises to appeal to the nation's 15 million crypto investors.

South Korea's President Lee Jae-myung (Getty Images/Chung Sung-Jun)

Policy

South Korea to Let Non-Profits, Exchanges Sell Crypto Under New FSC Rules

Non-profits will need to meet strict conditions such as five years of audited operations and internal committees to vet donations.

South Korea's flag (Daniel Bernard/Unsplash)

Finance

Crypto Exchanges Flock to List NXPC, Token Surges 115% on $1B Volume

The NXPC token is developed by NEXPACE, the blockchain arm of South Korean video game developer Nexon.

NEXPACE game (NEXPACE)