South Korea

Digital currency exchanges in South Korea must have $2.3M in reserves starting September
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30 August, 2023

Digital currency exchanges in South Korea must have $2.3M in reserves starting September

New South Korean exchange rules: $2.3M reserves, KYC focus, and compliance rush before September deadline.
South Korea’s Cheongju wants to seize digital currency holdings from tax evaders
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30 August, 2023

South Korea’s Cheongju wants to seize digital currency holdings from tax evaders

Authorities in South Korea aim to recover unpaid taxes by seizing digital currencies from tax evaders in Cheongju via legal...
Naver Corp generative AI chatbot targets users in South Korea
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29 August, 2023

Naver Corp generative AI chatbot targets users in South Korea

Naver Corporation introduces HyperCLOVA X, a generative AI chatbot proficient in the Korean language and culture, it can generate texts...
Terra co-founder Daniel Shin faces US probe on Terraform Labs links
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22 August, 2023

Terra co-founder Daniel Shin faces US probe on Terraform Labs links

The U.S. Securities and Exchange Commission and South Korean investigators are set to question Terra co-founder Daniel Shin about the...
South Korean prosecutors to use XRP ruling in Do Kwon’s securities fraud case
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13 August, 2023

South Korean prosecutors to use XRP ruling in Do Kwon’s securities fraud case

Prosecutors in South Korea plans to leverage the recent XRP ruling against Terraform Labs CEO Do Kwon's alleged securities fraud...
Bank of Korea eyes 3 cities outside of Seoul for CBDC pilot
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10 August, 2023

Bank of Korea eyes 3 cities outside of Seoul for CBDC pilot

As the CBDC pilot launch reveals challenges, plans, and cautious approach, Bank of Korea moves closer to test real-world applications...
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