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South Korea

More trouble for Worldcoin as OpenAI faces mass exodus
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3 October, 2024

More trouble for Worldcoin as OpenAI faces mass exodus

Worldcoin faces hurdles in South Korea due to violations tied to data collection, while OpenAI saw four of its executives...
East Asia receives $400B stablecoins, digital assets: report
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26 September, 2024

East Asia receives $400B stablecoins, digital assets: report

A September 17 report by Chainalysis revealed that Eastern Asia received over $400 billion in value in stablecoins and other...
South Korea imposes new supervisory fees on top exchanges
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10 August, 2024

South Korea imposes new supervisory fees on top exchanges

Upbit is expected to cough out the largest amount at nearly $103,000 in the Financial Services Commission’s new and unexpected...
Samsung’s Q2 operating profits surge 1,400% on strong AI chip demand
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2 August, 2024

Samsung’s Q2 operating profits surge 1,400% on strong AI chip demand

Samsung projects its most advanced chips to account for 60% of its chip sales by Q4 if they finally meet...
South Korea’s first digital asset law comes into force after year of finessing
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22 July, 2024

South Korea’s first digital asset law comes into force after year of finessing

The Virtual Asset User Protection Act focuses on investor protection and mandate that exchanges keep at least 80% of user...
South Korea’s ruling party wants to postpone 20% digital asset tax to 2028
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19 July, 2024

South Korea’s ruling party wants to postpone 20% digital asset tax to 2028

Initially scheduled for 2021, the disputed 20% tax on annual digital currency gains could be postponed if the ruling People...
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