Tagged: south korea

December 29, 2025 @ 11:27 am By Michael Wong  |  

Mirae Asset Group is in talks to acquire Korbit, South Korea’s fourth-largest cryptocurrency exchange, in a move that would mark a rare push by a mainstream financial group into the country’s tightly regulated digital-asset market, according to people familiar with the matter. The discussions are… Read More

December 15, 2025 @ 5:17 pm By Michael Wong  |  

South Korea’s push to tighten rules for virtual assets is moving into a second legislative phase focused on stablecoins, as policymakers and financial firms step up discussions on how won-linked tokens could be issued and used, according to organisers of an industry forum. The second… Read More

December 1, 2025 @ 6:02 pm By Omar Faridi  |  

CertiK has recently joined forces with Korean gaming firm WEMADEin order to launch the Global Alliance of KRW Stablecoin (GAKS), to provide comprehensive security audit services for StableNet, Korea’s dedicated mainnet infrastructure for the complete lifecycle of KRW stablecoins. At blockchain focused CertiK, they claim… Read More

November 30, 2025 @ 4:38 pm By Michael Wong  |  

Coupang, South Korea’s biggest online retailer, apologised on Sunday after a breach exposed personal information from 33.7 million customer accounts, prompting government scrutiny and warnings of follow-on scams. The US-listed company said the leak involved customers’ names, email addresses, phone numbers, shipping addresses and some… Read More

November 30, 2025 @ 3:08 pm By Omar Faridi  |  

The South Korean card payments market is now expected to grow at a compound annual growth rate (CAGR) of 3.7% over 2025-29 to reach KRW1,510.2 trillion ($1.1 trillion) by the year 2029, supported and enabled by high card penetration, steady payment infrastructure, and government backing… Read More

October 14, 2025 @ 11:14 pm By Omar Faridi  |  

Authorities in South Korean have again commenced their ongoing review of Binance‘s planned acquisition of local digital currency exchange Gopax following a delay of more than two years. This, according to an update from Newsis. The move suggests that Binance, which remains the largest digital… Read More

October 14, 2025 @ 12:30 pm By Blake Jeong  |  

The crypto discussion remains pinpoint-focused on U.S. enforcement squabbles and city-state experimentation, but no one seems to notice what’s going on in Japan and South Korea. Both of these countries have been building predictable rules, institutional-grade foundations, and establishing consumers who already spend on digital… Read More

September 23, 2025 @ 4:10 pm By Michael Wong  |  

South Korea’s tax authority has confiscated more than 140 billion won ($106 million) in virtual assets, including Bitcoin and Ethereum, from tax delinquents over the past four years, highlighting the government’s widening use of digital assets to enforce compliance. The National Tax Service (NTS) began… Read More

September 11, 2025 @ 9:37 pm By Omar Faridi  |  

South Korean fintech Toss, operated by Viva Republica, is gearing up for its first international venture by launching its “all-in-one” finance app in Australia before the end of 2025. This move marks a significant step in the company’s plans to become a global fintech platform,… Read More

September 10, 2025 @ 4:26 am By Michael Wong  |  

South Korea’s Financial Services Commission (FSC) said it plans to issue new licenses for platforms that trade fractional investment securities, establishing a legal framework for services that until now operated under a regulatory sandbox. Fractional investment services allow multiple investors to buy shares in ownership… Read More

September 9, 2025 @ 1:17 pm By Omar Faridi  |  

The Seoul Metropolitan Police Agency recently dismantled an international hacking ring responsible for stealing millions in cryptocurrency, leveraging advanced blockchain analytics from Chainalysis. This operation marks a critical step in combating the escalating wave of crypto-related crimes, which have surged globally in 2025, driven by… Read More

June 30, 2025 @ 6:31 pm By Michael Wong  |  

Roughly one in four South Koreans aged 20 to 50 currently owns virtual assets, with male white-collar workers in their 30s and 40s dominating the investor base, according to a new report released Sunday by the Hana Institute of Finance. The study, titled 2050 Generation’s… Read More

June 11, 2025 @ 10:26 pm By Omar Faridi  |  

South Korea’s private markets are navigating a complex landscape, marked by cautious optimism and persistent headwinds. As outlined in PitchBook’s Q1 2025 South Korea Market Snapshot, the nation’s startup ecosystem is in a holding pattern, with venture capital (VC) activity subdued and private equity (PE)… Read More

April 28, 2025 @ 6:03 pm By Omar Faridi  |  

Kaspersky’s GReAT team has uncovered a new Lazarus campaign, combining a watering hole attack with the “exploitation of vulnerabilities in third-party software to target organizations in South Korea.” During the research, company experts have also “discovered a zero-day vulnerability in the widely used South Korean… Read More

April 22, 2025 @ 7:15 am By Omar Faridi  |  

One of South Korea’s largest digital assets exchanges, Bithumb, is reportedly making significant strides toward an initial public offering (IPO) slated for the second half of 2025. In a strategic move to streamline operations and potentially enhance its valuation prospects, the exchange announced plans to… Read More

March 30, 2025 @ 10:12 pm By Michael Wong  |  

South Korea’s cryptocurrency market continues to grow, with the number of virtual asset investors surpassing 16 million, nearing the total number of stock investors in the country, news agency Yonhap reported. Data submitted to Rep. Cha Gyu-geun of the minor opposition Rebuilding Korea Party indicated… Read More

February 27, 2025 @ 10:03 pm By Omar Faridi  |  

BDACS, a digital asset institutional custody firm in Korea, announced that it has signed a partnership with enterprise blockchain firm Ripple, the provider of digital asset infrastructure for financial institutions. This partnership reportedly aligns with the Financial Services Commission’s (FSC) announced roadmap for “regulatory approval… Read More

February 23, 2025 @ 7:50 pm By Omar Faridi  |  

CapitaLand Investment Limited (CLI), a real asset manager, closed South Korea private credit fund with a total equity commitment of KRW 180 billion (S$169.2 million), “increasing its funds under management in its focus market of South Korea to S$3.1 billion.” The CapitaLand Korea Investment No…. Read More

December 16, 2024 @ 10:43 pm By Omar Faridi  |  

In a move towards climate accountability, The HBAR Foundation has issued a grant to WinCL to elevate carbon transparency and greenhouse gas (GHG) accounting standards for SMEs and large enterprises across South Korea. Built on Hedera’s Guardian platform, WinCL’s solution promises streamlined emissions tracking, reporting,… Read More

December 7, 2024 @ 2:20 pm By Tony Zerucha  |  

Political turbulence in Europe and Asia is driving renewed focus on decentralized, non-government-backed currencies like Bitcoin. That is one reason why deVere Group CEO Nigel Green sees the cryptocurrency’s value topping $120,000 in the coming months. Green made the comments in the wake of a… Read More