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South Korea

Updates on exchange rules, enforcement, investor trends, and Korea’s active crypto trading culture.

Regulation

Top 5 Korean exchanges delist Litecoin, label it ‘dark coin’ following MWEB upgrade

The top five Korean exchange err on the side of caution and delist Litecoin for compliance reasons.

4 years ago

Investments

Solana launches $100M fund to attract crypto projects from South Korea

South Korean developers might be unwilling to take the new Solana's fund bait considering the network has suffered seven outages in the last 12 months.

4 years ago

Regulation

South Korea eyes listing rules for crypto exchanges after LUNA scandal

South Korea is looking to introduce a "self regulatory" system and has engaged local crypto exchanges on the matter.

4 years ago

Crime

Terraform Labs caught moving $4.8M through shell company

Do Kwon may have just been caught laundering money through Terraform Labs into a Korean shell company called Kernel Labs

4 years ago

Adoption

South Korea sets $117.1 million budget to kickstart metaverse industry

South Korea's government has earmarked $117.1 million for the metaverse, betting on its potential and having this technology as one of their main focus in the following years.

4 years ago

Legal

Terraform employees under probe for UST collapse in South Korea

A team of the Prosecutor's Office has summoned all Terra employees to investigate if the collapse was caused by price manipulation.

4 years ago

Stablecoins

South Korea to tighten scrutiny of exchanges after Terra LUNA collapse

In an emergency two-day seminar, South Korean regulators discussed how to increase scrutiny of crypto exchanges amid the Terra LUNA collapse.

4 years ago

Exchanges

Litecoin’s privacy upgrade could lead to delisting from South Korean exchanges

Citing the altcoin's recent privacy upgrade, UPbit and Bithumb issued investment warnings against altcoins, which could potentially lead to delisting.

4 years ago

Legal

Terra faces litigation from South Korean investors over failed UST investment

The law firm is applying to the Seoul Metropolitan Police Agency to seize all Do Kwon's properties in the country.

4 years ago

Legal

South Korean lawmaker suggests summoning Do Kwon to the national assembly

According to Yun Chang-hyeon, the delay in legislation has seen investors continue losing a lot of money, and bringing in Do Kwon would help introduce measures to protect investors.

4 years ago