News about SOUTH KOREA

News about South Korea

Italy and South Korea central banks agree on CBDC cooperation

The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of CBDCs....

South Korea Intensifies Measures Against Unlicensed Crypto Exchanges

South Korea's financial regulators are urging public disclosure of unlicensed crypto exchanges, as part of their efforts to regulate the digital asset market and safeguard investors. (Read More)

South Korean financial authorities solicit reports on unlicensed crypto exchanges

Financial regulators in South Korea have opened a window of time for people to come forward and report any unlicensed cryptocurrency exchanges ope...

Report: Operator of South Korean Crypto Exchange Upbit Sees a Nearly 40% Drop in Operating Profit

Dunamu, the operator of the South Korean crypto exchange Upbit, recently said it had realized an operating profit amounting to $79 million in the third quarter of 2023. Virtual asset valuation losses contributed to the 81.6% drop in the operator̵...

Do Kwon Faces Extradition Dilemma: Montenegro's Justice Minister to Decide Between US and South Korea – Bitcoin News

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Do Kwon Faces Extradition Dilemma: Montenegro’s Justice Minister to Decide Between US and South Korea

In a decision by the Podgorica High Court, ex-Terraform Labs chief executive Do Hyeong Kwon (Do Kwon) is set to be extradited following his four-month incarceration in Montenegro for fabricating travel papers. The extradition bids originate from both...

South Korea to Pilot Digital Won with 100,000 Citizens in 2024: A Leap Towards Modern Monetary System

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South Korea to invite 100K citizens to test CBDC in 2024

Participants will be restricted to using the CBDC only for payment, without an option to store, exchange or send it to other users. The Bank of Korea (BOK) — South Kor...

South Korea’s Crypto Premiums Roar Back, Bitcoin Trades Nearly $1,300 Above Global Average

Recent data reveals the crypto economy has experienced notable growth over the past month, with a substantial portion of its trading activity originating from South Korea. As an illustration, on Saturday, November 18, 2023, the Korean won accounted f...

National Pension Service of South Korea invests $19.9 million in Coinbase stocks

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South Korea's National Pension Service Bets Big on Coinbase with $20M: Report

South Korea's National Pension Service (NPS) has taken a noteworthy leap into the world of cryptocurrencies, as per a recent regulatory filing with the US Securities and Exchange Commission (SEC). The NPS ventured into the crypto market in the third...

South Korea’s National Pension Service Dives Into Crypto With $20M Coinbase Investment

Regulatory filings with the U.S. Securities and Exchange Commission (SEC) reveal that the National Pension Service of South Korea acquired 282,673 Coinbase Global shares in 2023’s third quarter. This transaction, valued at approximately $20 mil...

South Korea’s pension fund bags 280K Coinbase shares: SEC data

South Korea’s National Pension Service, one of the world’s largest pension funds, invested $20 million in Coinbase in Q3 of 2023. The National Pension Service (NPS), a...

Solana Soars 19% Amid Market Consolidation, Commands Notable ‘Kimchi Premium’ in South Korea

Bitcoin and ethereum have remained stable on Wednesday, showing little change in their values recently. In contrast, solana (SOL) experienced a notable surge, climbing over 19% against the U.S. dollar, moving from a low of $52.92 to a peak of $63.32....

Democratic Party of South Korea to compel parliamentary candidates to disclose crypto

The disclosure will be a part of the party’s effort to show the 'high moral standards' of its candidates. The Democratic Party of Korea, which holds 167 out of 300 man...

Democratic Party of South Korea mandates parliamentary candidates disclose crypto holdings

The disclosure will be a part of the party’s effort to show the “high moral standards” of its candidates. The Democratic Party of Korea, which holds 167 out of 300 sea...

South Korean web3 K-pop agency Modhaus raises $8 million in Series A

Beauty + Blockchain = Innovation at its finest. Give crypto another decade, South Koreans will iron out the problems faced with NFTs usage, then the rest of the entertainment world can follow from its experiences and guidelines. ????????????⏳??...

South Korea’s Digital Milestone: Bithumb Eyes Public Listing As First Of Its Kind

Bithumb, the second-largest cryptocurrency exchange in South Korea, is actively preparing for an initial public offering (IPO) on the KOSDAQ market, the country’s version of the NASDAQ in the United States, local news outlet Edaily reported on...

South Korean Crypto Exchange Bithumb Aims to Go Public by 2025

South Korea’s Bithumb is preparing to become the first cryptocurrency exchange in the country to be a publicly listed company, according to multiple local media reports. Interestingly, the listing aims not to raise funds but to enhance market trust i...

South Korean Crypto Exchange Bithumb Eyes IPO in Move to Challenge Upbit’s Market Dominance

Local reports suggest that Bithumb, a prominent crypto exchange in South Korea, is contemplating a public listing in 2025. Insider information indicates that Bithumb is considering a debut on Kosdaq and might transition to the Korea Exchange (KOSPI)...

SK Telecom To Launch Web3 Wallet Services In South Korea

There has been significant development within the Web3 industry recently. South Korean telecommunications giant SK Telecom is set to introduce a Web3 wallet in collaboration with Aptos and Atomrigs Lab. SK Telecom aims to tap into the potential of b...

South Korean telco to launch Web3 wallet with Aptos and Atomrigs Lab

SK Telecom aims to expand its “affiliations with customer-preferred mainnets and decentralized applications (dApps)” using this tripartite agreement with the blockchain companies....

South Koreans Fascinated With Altcoins More Than Americans, Research Shows

South Korean crypto traders are more inclined to invest in high-risk, high-reward altcoins than their American counterparts, according to a new report. The share of major cryptocurrencies like bitcoin and ethereum in the trading volumes on the larges...

South Korea’s Crypto Shift: 6 Million Investors Rally Behind Altcoins Over Bitcoin

According to a recent report from Web3 market strategy consulting firm DeSpread report, the Korean crypto space will be populated by roughly 6 million investors, comprising more than 10% of the entire population. Centralized Exchanges (CEX) appear to...

Bitcoin Skyrockets, Yet South Korea Experiences a ‘Kimchi Discount’ Instead of the Usual Premium

Bitcoin has soared, doubling its value since the start of the year. Yet, intriguingly, the famed “Kimchi premium” in South Korea remains absent in this current surge of bullish activity. This is a notable deviation from previous...

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