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South Korea

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...
South Korean exchanges to step up monitoring as global fraud, exploits surge
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8 July, 2024

South Korean exchanges to step up monitoring as global fraud, exploits surge

With blockchain-based scams on the rise, South Korea will go ahead with the operation of its monitoring system this mid-July...
South Korea think tank warns against dangers of digital asset spot ETFs
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2 July, 2024

South Korea think tank warns against dangers of digital asset spot ETFs

Researchers from the Korea Institute of Finance published a paper probing over the viability of spot ETFs, noting that the...
South Korea to ban credit card purchases of digital assets
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9 January, 2024

South Korea to ban credit card purchases of digital assets

The move is aimed at curbing illegal outflow of investment and money laundering as Koreans purchase digital assets on offshore...
Blockchain vs bedbugs: South Korean engineer uses tech to track infestation
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6 January, 2024

Blockchain vs bedbugs: South Korean engineer uses tech to track infestation

As bedbug infestation reports soared in South Korea, an engineer launched an interactive map based on blockchain for citizens to...
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