South Korea

South Korea

금융

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.

16:9 Kites (Bill Fairs/Unsplash, modified by CoinDesk)

금융

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)

금융

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)

시장

Bitcoin Bulls Beware, South Korean Kospi Setting Record Highs Could Stop BTC's Bull Run: Analyst

Alphractal called Kospi's record high an incremental signal that bitcoin's bull run may be nearing an end.

Stop sign. (Pixabay/Modified by CoinDesk)

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)

금융

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

시장

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

정책

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)

금융

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