Markets2m read
Hyundai Pioneers Internal Stablecoin Transfers for Global Operations
Hyundai becomes the first major South Korean company to implement internal stablecoin transfers, signaling a shift in corporate financial operations.
◆ #south korea
Regulation2m read
Bank of Korea Reaffirms Push for Bank-Led Won Stablecoins Amid Regulatory Debates
The Bank of Korea is pushing for bank-led won stablecoin issuance and advancing deposit token pilots, despite ongoing debates on issuer rules.
Regulation3m read
South Korea Considers Action Against Polymarket Over Gambling Concerns
South Korea's media and communications review body is scrutinizing decentralized prediction market Polymarket for potential unregulated gambling activities.
Altcoins2m read
Upbit Clarifies Limited Interest in OpenStandard and OUSD Amid South Korean Firm Distancing
Cryptocurrency exchange Upbit has stated its interest in the OpenStandard ecosystem and OUSD initiative is limited to potential future participation.
Markets2m read
Kiwoom Securities Reportedly Pursues Stake in Bithumb Ahead of South Korean Regulatory Reforms
South Korean brokerage **Kiwoom Securities** is reportedly seeking to acquire a stake in crypto exchange **Bithumb** ahead of **FSC** regulatory reforms in **July**.
Markets2m read
South Korea's $518 Billion AI Chip Investment Highlights Capital Shift from Crypto
South Korean tech giants Samsung and SK Hynix are investing $518 billion in AI chip production, accelerating a decade-long buildout.
Regulation2m read
South Korea Fines Bithumb $136K for Overseas Data Sharing Violation
South Korean authorities fined Bithumb …183.8 million ($136,000) for sharing user data with overseas exchanges, violating data protection laws.
Regulation2m read
South Korean Authorities Fine Bithumb $136K for Overseas User Data Sharing
South Korean exchange Bithumb has been fined $136,000 for sharing user information with overseas exchanges, violating data protection laws.
Regulation3m read
South Korea's Financial Services Commission Integrates Token Securities into Capital Market Modernization Plan
South Korea's Financial Services Commission has embedded token securities infrastructure into its capital market modernization plan, aiming for faster settlement and digital transformation.
DeFi2m read
Chainlink Joins European and South Korean Bank Consortia to Explore Stablecoin-Enabled FX Settlement
Chainlink has joined bank consortia in Europe and South Korea to study the use of regulated euro and won stablecoins for real-time cross-border foreign exchange settlement.
Regulation3m read
South Korea Pushes for Broader Crypto Travel Rule, Including Smaller Transfers
South Korea's FIU is advocating for an expansion of the FATF Travel Rule to include smaller cryptocurrency transfers, citing offshore risks and uneven global AML enforcement.
Regulation3m read
Bithumb CEO Under Investigation in South Korean Bribery Probe
Lee Jae-won, CEO of major South Korean crypto exchange Bithumb, is reportedly under police investigation for alleged bribery involving a legislator's relatives.
Regulation3m read
South Korean Police Partner with Chainalysis to Tackle Rising Crypto Crime
South Korea's national police are intensifying their efforts against cryptocurrency-related crimes, collaborating with blockchain analytics firm Chainalysis.
Regulation3m read
South Korean Police Raid Bithumb in Lawmaker Nepotism Probe
South Korean authorities have raided major crypto exchange Bithumb as part of an investigation into lawmaker Kim Byung-gi over alleged hiring favoritism.
Regulation1m read
South Korean Police Launch First Probe into Polymarket Users for Alleged Illegal Gambling
South Korean police are investigating users of Polymarket for alleged illegal gambling, marking the country's first such crypto-related probe.