Cryptonews Tags South Korea

# South Korea (Page 14)

Despite its relatively small size, South Korea is a global powerhouse when it comes to cryptocurrency industry. Often mentioned in the same breath as Singapore or Malta, Korean love for all things crypto has its roots in the country’s traditional inclination towards high technologies and openness to their use. Today, South Korea accounts for some 30% of total crypto trading on a global scale, with even the banking sector in that country making the news with its love for blockchain. South Korea is also well known for its highly developed cryptocurrency exchange scene including the likes of Bithumb, Upbit, Coinone and others.

Court Jails Crypto Exchange Operator Who Took BTC to Spy for North Korea

A South Korean crypto exchange operator has been sentenced to four years in prison after a court found them guilty of “leaking military secrets” to North Korean hackers in exchange for Bitcoin (BTC) payments. Chosun Ilbo reported that a 42-year-old individual surnamed Lee was found guilty of...

South Korean Woman ‘Stole Friend’s $481k Crypto Stash’ to Pay Off Debt

A South Korean woman has been arrested on suspicion of stealing a “friend’s” $481,000 crypto holdings to pay off her debts. Police in Jeju Dongbu Police Station, in the self-governing Jeju Island Province, said the woman was aged “in her 40s,” the media outlet Newsis reported on January...

‘Tectonic Shift’ as Crypto Exchange Bithumb Seals KB Banking Deal

The South Korean crypto exchange Bithumb has signed a banking partnership with Kookmin (KB), one of the biggest financial providers in the country. Experts say the deal represents a “tectonic shift” in the domestic traditional finance and crypto sectors. Whereas South Korean crypto exchanges...

South Korean Exchange Upbit Suspends SOLVE Over Transparency Concerns

Upbit, South Korea’s leading cryptocurrency exchange, has suspended deposits for Solve.Care (SOLVE), citing a lack of transparency and potential risks to investors. The decision, communicated via an official announcement, highlights concerns over SOLVE’s business practices, including...

, by Hassan Shittu

Cube Entertainment CEO Accused of Misleading Investors on Crypto Guarantees

Cube Entertainment, a powerhouse in South Korea’s music industry known for managing globally recognized K-pop artists like Pentagon, finds itself at the center of a scandal as co-CEO Kang Seung-gon faces accusations of misleading investors about the prospects of a crypto investment. The...

, by Hassan Shittu

South Korean Regulators ‘Will Review’ Plan to Let Companies Buy Crypto ‘This Year’

South Korean regulators say they will “review a plan” to “gradually allow corporations” to buy, sell, and hold cryptoassets like Bitcoin (BTC). Per Busan Ilbo and Asia Kyungjae, the Financial Services Commission (FSC) said it would release more details after holding “discussions” with the...

Traders Fear as South Korean Crypto Exchanges ‘Set to Delist Meme Coins, Kimchi Coins’

South Korean crypto exchanges are reportedly set to delist meme coins, with so-called “kimchi coins” also in the crosshairs. Per the South Korean media outlet Viewers, the reports have left crypto traders “concerned” that a looming “crisis” could follow. Will South Korean Crypto Exchanges...

WeMade Employees Sue Gaming Giant Over ‘Unpaid Altcoin Bonuses’

Twenty-seven current and former employees of the blockchain arm of the gaming titan WeMade have launched a legal case against the firm over “unpaid” altcoin bonuses. Per Hyundae Kyungjae Shinmun, the group says the company promised to pay them crypto performance-based bonuses for working on the...

South Korean Court Jails ‘Kimchi Premium’ Crypto Trading Gang

Four “kimchi premium” traders will serve time in jail after a South Korean court found them guilty of crypto and foreign currency law-related violations. Per the South Korean media outlet NoCut News, a branch of the Daegu District Court found the group guilty of violating the Act on Reporting...

South Korea’s Jeju Island to Issue ‘NFT Cards’ in Bid to Boost Tourism

South Korea’s subtropical Jeju Island plans to woo millennial and Gen Z tourists by issuing NFT-powered “visitors’ cards.” The newspaper Maeil Kyungjae reported the Jeju Island Special Self-Governing Province “plans to issue a digital tourist card.” Jeju Island to Take NFT Plunge? The...

South Korean Stock Exchange ‘Exploring’ Crypto Spot ETF Approvals

The South Korean stock exchange, the Korea Exchange (KOSDAQ), says it is “exploring” the idea of approving crypto spot ETFs in 2025. Per the South Korean media outlet The Fact, the claims came from KOSDAQ Chairman Jeong Eun-bo at the 2025 Securities and Derivatives Market Opening...

South Korea: Dongdaemun Market Vendors Deny ‘USDT Pay Adoption’ Reports

Vendors at South Korea’s Dongdaemun Market say there is no truth in reports claiming they are turning en masse to USDT payments. At the start of the month, reports and crypto forum posters claimed that many traders at Seoul’s most famous fashion market were using the USD-pegged stablecoin as a...

South Korea Issues Arrest Warrant For President Yoon Amid Martial Law Inquiry

A court in South Korea formally issued an arrest warrant for President Yoon Suk Yeol after the controversial politician declared martial earlier this month – causing crypto prices to plummet, December 31 Korean reports reveal. South Korea Seeks Arrest Of President Yoon According to Reuters,...

, by Julia Smith

S Korean Court Jails Pro Golfer, Ex-Crypto Exchange Chief for Altcoin Price Manipulation

A South Korean court has jailed a celebrity pro golfer and the former head of the crypto exchange Bithumb for bribery and attempting to manipulate altcoin price levels. Per Hankyoreh, the former Bithumb CEO Lee Sang-jun was sentenced to two years in prison for ordering his staff to list an...

South Korea Sanctions North Korean Individuals and Entity Over Crypto Heists

The South Korean government has imposed sanctions on 15 individuals and one entity from North Korea for engaging in illicit cyber activities.

, by Ruholamin Haqshanas

South Korea’s Crypto Investors Exceed 15M as November Trading Volume Nears Stock Market Levels

For the first time, official data has revealed a sharp increase in South Korea's cryptocurrency investors, crossing 15 million in November. This surge coincides with heightened market activity following U.S. President-elect Donald Trump's pro-crypto policy announcements. According to figures...

, by Jai Pratap

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