South Korea

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

