Latest South Korea News

Business 12 January 2021

South Korea digital currency tax on track for 2022

Qualifying transactions will be subject to a tax rate of 20%, according to the Ministry of Economy and Finance, which drew up an amendment following a change in the rules in 2020.

Business 20 November 2020

Huobi eyes takeover of South Korea exchange Bithumb

Bithumb shareholders are reportedly open to the idea, which would see Huobi carrying on the business of Bithumb in South Korea after the implementation of new digital currency laws in the country.

Business 6 November 2020

South Korean regulator to ban privacy coins in 2021

Digital currency service providers in South Korea will no longer be able to support digital assets that present high money laundering risks—notably privacy-centric dark coins—starting March 2021.