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South Korea

South Korea: Major banks team up to create security token after greenlight from financial regulator
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25 June, 2023

South Korea: Major banks team up to create security token after greenlight from financial regulator

The alliance headed by NongHyup Bank plans to launch a platform for issuing token securities in the coming months, as...
OpenAI CEO urges South Korea to focus on chips to get ahead in AI development
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14 June, 2023

OpenAI CEO urges South Korea to focus on chips to get ahead in AI development

OpenAI is turning to South Korea for semiconductors and memory chips in a bid to boost its AI production, with...
Do Kwon may face prison time in US, South Korea amid tight extradition race
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12 June, 2023

Do Kwon may face prison time in US, South Korea amid tight extradition race

South Korean prosecutor Dan Sunghan thinks that sending Do Kwon to South Korea is the most rational decision to recover...
South Korea: Lawmakers pass law mandating officials to disclose digital currency holdings
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30 May, 2023

South Korea: Lawmakers pass law mandating officials to disclose digital currency holdings

The new regulation will include digital currencies in the list of private interests that public officials in South Korea must...
South Korea: Lawmakers propose law for public officials to disclose digital asset holdings
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24 May, 2023

South Korea: Lawmakers propose law for public officials to disclose digital asset holdings

By including digital currencies as part of the reporting requirements, South Korean lawmakers hope to reduce the illegal acquisition of...
In South Korea, a power tussle is brewing for right to regulate digital assets
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21 May, 2023

In South Korea, a power tussle is brewing for right to regulate digital assets

Bank of Korea argues it has the right to access data of VASPs due to the risks tied to offering...
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