Cryptonews Tags South Korea

# South Korea (Page 6)

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.

South Korea’s Biggest Parties Roll Out Stablecoin Bills, Clash on Interest Payment Plans

Lawmakers from South Korea’s two biggest political parties have unveiled stablecoin bills. The bills’ authors concur on many points, but interest payment plans appear to be a sticking point. The South Korean media outlet Newsprime reported that the ruling Democratic Party (DP) and the main...

South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

South Korean crypto exchanges paid their customers $87 million worth of interest on their fiat deposits in the past 12 months. Per the South Korean news agency Yonhap (via Daum), data on interest payments was submitted by the Financial Supervisory Service on July 27 after a freedom of...

K-pop Star Park Gyuri of Kara Faces More Crypto Accusations as Ex-Lover’s Trial Continues

Park Gyuri, a founding member of the K-pop girl group Kara, is facing fresh crypto allegations, days after telling a court she did not participate in her ex-lover’s alleged altcoin fraud operations. The case revolves around a low-cap art-themed altcoin named Pica Coin and its alleged mastermind...

South Korea Restricts Firms From Including Coinbase, Strategy in ETF Portfolios

The Financial Supervisory Service (FSS), South Korea’s integrated financial regulator, has recommended asset management firms “not to excessively include” crypto stocks like Coinbase and Strategy in their ETFs portfolios. The regulator has issued verbal guidance to domestic firms, restricting...

, by Sujha Sundararajan

Ex-South Korean First Lady Kim Keon-hee ‘Faces Crypto Market Maker Probe’

Prosecutors are investigating a possible link between the former South Korean First Lady Kim Keon-hee and a crypto market maker suspected of manipulating the prices of low-cap altcoins. The South Korean media outlet OhMyNews claimed it had seen evidence that the special prosecution team charged...

South Korea’s Shinhan Launches Crypto Services on Its Banking App

The South Korean commercial banking giant Shinhan Bank has launched a range of crypto services on its SOL smartphone app. The South Korean media outlet Field News reported that Shinhan’s services will include real-time price monitoring tools for a range of cryptoassets. They will also include...

South Korea’s Tax-Chief Nominee Vows Crackdown on Crypto Tax Evasion

Lim Gwang-hyun, the nominee for South Korea’s Commissioner of the National Tax Service (NTS), said he would strengthen oversight of digital asset transactions and expand cross-border information sharing to counter tax evasion. According to remarks made during a National Assembly hearing on...

, by Hongji Feng

South Korea to Classify Crypto Firms as Venture Companies, Unlocking Government Perks

South Korea is moving to reclassify crypto firms as “venture companies,” which would grant access to government subsidies.

Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

The software developer Polaris Office has become the latest major South Korean company to get aboard the KRW-pegged stablecoin bandwagon. Scores of notable banks, fintech companies, and IT firms have already registered trademarks for Korean won stablecoin projects this month as Seoul prepares...

1 Billion KRW Korean Social Club ‘May Exclude People Who Made Money from Crypto’

An exclusive new South Korean social club that caters to the super-rich and commands a KRW 1 billion ($734,290) annual membership fee could exclude people who made their fortunes from trading crypto, a report has claimed. A reporter from the South Korean newspaper Kookmin Ilbo visited the club,...

Bithumb Launches Spinoff as Part of IPO Bid as More Banks Join Stablecoin Union

The South Korean crypto exchange Bithumb is set to launch a spinoff company as it pushes ahead with an initial public offering (IPO) bid. The trading platform has indicated that it is still on track to debut on the KOSDAQ exchange in the first half of 2026. However, South Korean market...

Fake Japanese Bride Drains a Korean Man’s Savings via Crypto Scam

A Korean man in his 50s lost more than 100 million won ($73,500) after falling victim to a romance scam that leveraged cryptocurrency investments.

South Korea Ends 14-Year Ban on Kimchi Bonds — What’s Driving the Shift?

South Korea has scrapped a 14-year ban on local institutions investing in foreign currency-denominated bonds issued for domestic use, responding to mounting pressure from massive capital outflows and a surge in demand for dollar-backed stablecoins. The move aims to boost foreign exchange...

, by Shalini Nagarajan

South Korean Neobanking Heavyweights Kakao Bank, Toss to Expand Crypto Operations

Kakao Bank and Toss Bank, two of South Korea’s biggest neobanking players, are set to expand their range of crypto and stablecoin-related operations. Per a report from Yonhap’s Infomax, Kakao Bank is set to broaden the range of its partnership with the domestic crypto exchange player...

Squid Game Creator Says Billionaire Villains ‘Resemble Elon Musk’ in Season 3

The creator of Netflix’s global hit Squid Game says the series’ infamous billionaire VIPs increasingly resemble Elon Musk.

South Korea Puts Brakes on CBDC Plans — Here’s What to Know

South Korea has put the brakes on its digital currency testing project, pausing preparations for the next phase just as stablecoins take on renewed political and market significance. The Bank of Korea reportedly informed participating banks that it will temporarily halt discussions related to...

, by Shalini Nagarajan

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