Tagged: south korea

June 11, 2026 @ 1:34 am By Omar Faridi  |  

Blockchain analytics firm Chainalysis has formalized a partnership with the Korean National Police Agency (KNPA). The organizations have signed a Memorandum of Understanding (MoU) in April 2026, as announced on June 9. This collaboration aims to build stronger investigative frameworks through targeted training, professional certifications,… Read More

June 8, 2026 @ 1:13 am By Omar Faridi  |  

Artificial intelligence (AI) is now said to be fundamentally reshaping digital economies across global jurisdictions. South Korea and Taiwan have emerged as hubs driving tech advancements and market gains in the semiconductor and broader AI ecosystem. According to the latest Citi Research, AI-fueled demand has… Read More

May 14, 2026 @ 1:56 am By Omar Faridi  |  

South Korean consumers are embracing facial recognition technology for everyday purchases. A fintech player is leading the charge, with ambitious plans to render traditional physical credit cards obsolete within the next three years. This shift highlights the country’s rapid evolution in digital payments, where convenience… Read More

April 25, 2026 @ 10:25 am By Michael Wong  |  

For South Korean travelers in Vietnam, paying for coffee, taxis, or hotel bills may soon feel much more like paying at home. BIDV, Vietnam National Payment Corporation (NAPAS), South Korea’s KEB Hana Bank, and GLN International have launched a cross-border QR code payment service linking… Read More

April 16, 2026 @ 11:19 pm By Omar Faridi  |  

Ripple Labs has joined forces with Kyobo Life Insurance to launch the country’s inaugural tokenized government bond settlement system powered by blockchain technology. The collab represents Ripple’s initial venture with a Korean insurance provider and marks a pivotal advancement in building robust, institution-level digital asset… Read More

April 13, 2026 @ 8:14 am By Omar Faridi  |  

South Korea’s central bank has called for the introduction of circuit-breaker systems in the virtual asset market to enhance safeguards against extreme volatility and operational failures. The recommendation appears in the Bank of Korea’s latest Payment and Settlement Trends report, released on April 13, 2026…. Read More

April 9, 2026 @ 2:20 pm By Omar Faridi  |  

South Korea based digital currency exchange Bithumb has reportedly initiated legal proceedings in an attempt to recover Bitcoin (BTC) that had been accidentally / unintentionally distributed to platform users during a surprising event this past February. As per recent media reports from local sources, crypto… Read More

April 8, 2026 @ 2:46 pm By Omar Faridi  |  

South Korea’s ruling party has reportedly decided to go ahead with a plan to enable the institutionalization of tokenized real-world assets or RWAs and stablecoins under the current regulatory frameworks. As indicated in a report from the Seoul Economic Daily, the Asian country’s Democratic Party… Read More

April 7, 2026 @ 7:33 pm By Omar Faridi  |  

South Korean fintech Toss is set to expand its digital finance ecosystem by rolling out its own cryptocurrency on a foundational blockchain mainnet. The company is also exploring the creation of a dedicated layer-two scaling network, marking a bold step into the world of decentralized… Read More

April 5, 2026 @ 12:19 am By Michael Wong  |  

Bank Indonesia and the Bank of Korea have launched a cross-border QR payment link that allows Indonesians to pay in South Korea using QRIS through their domestic mobile apps, in the latest push by Asian central banks to build faster and cheaper regional payment networks…. Read More

April 2, 2026 @ 7:10 pm By Omar Faridi  |  

Bithumb, one of South Korea’s cryptocurrency exchanges, has pushed its initial public offering (IPO) plans further into the future, targeting a listing no earlier than after 2028. This marks another extension from earlier IPO plans that once eyed a public debut as soon as the… Read More

March 18, 2026 @ 1:15 am By Omar Faridi  |  

Crypto.com has forged a new alliance with KG Inicis, South Korea’s payment gateway and value-added network operator, marking a key development in the integration of digital assets into everyday commerce. Announced on March 17, 2026, the partnership focuses on embedding Crypto.com’s Pay solution within KG… Read More

March 8, 2026 @ 4:02 pm By Michael Wong  |  

South Korea’s ruling party and financial regulators have agreed to cap the stake that major shareholders can hold in cryptocurrency exchanges at 20%, a move that could force some of the country’s biggest trading platforms to restructure their ownership as Seoul pushes ahead with a… Read More

March 3, 2026 @ 6:26 am By Michael Wong  |  

South Korea-based venture capital firm The Invention Lab has completed a seed investment in Singapore artificial intelligence computing startup RIDM, backing a technology it says could ease a key performance bottleneck in AI and high-performance computing systems. The Invention Lab said the round was made… Read More

March 2, 2026 @ 8:48 am By Michael Wong  |  

South Korean police have launched an investigation into the alleged theft of cryptocurrency worth about $4.8 million that had been seized by the National Tax Service (NTS), after sensitive wallet information was inadvertently disclosed, the Korea JoongAng Daily reported. The National Police Agency (NPA) said… Read More

February 8, 2026 @ 11:59 am By Michael Wong  |  

South Korea and Indonesia plan to launch a cross-border QR-code payment service in April, allowing visitors to pay at merchants in either country using their domestic QR payment apps, Indonesia’s central bank said. The planned linkage underscores how central banks are increasingly treating retail payments… Read More

February 8, 2026 @ 1:55 am By Omar Faridi  |  

South Korea’s cryptocurrency exchange Bithumb inadvertently distributed approximately 620,000 Bitcoins—valued at over $40 billion—to around 695 users during a routine promotional campaign. The mishap occurred when staff mistakenly credited accounts with 2,000 BTC per recipient instead of the intended modest cash prize of 2,000 Korean… Read More

January 26, 2026 @ 12:05 pm By Omar Faridi  |  

South Korea’s Coinone, which is reportedly one of the nation’s largest digital currency exchanges by trading volume, is now said to be considering options to divest portions of its major shareholder’s holdings. According to recent industry reports, the platform’s founder and chairman, Cha Myung-hoon, who… Read More

January 13, 2026 @ 12:32 am By Omar Faridi  |  

South Korea’s Financial Services Commission (FSC) is preparing to impose a 5% ceiling on corporate allocations to digital assets. This development, highlighted in recent reports from local outlets like Seoul Economic Daily, signals a cautious yet progressive shift in the nation’s regulatory landscape. The FSC… Read More

December 30, 2025 @ 5:21 pm By Omar Faridi  |  

South Korea’s efforts to establish a proper framework for digital assets have encountered significant delays as of late, with the proposed Digital Asset Basic Act now postponed until 2026. The recent holdup reportedly stems primarily from ongoing disagreements among the country’s various regulatory authorities regarding… Read More