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South Korea

WEMIX loses delisting battle in court against South Korean exchanges but promises to continue the fight
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14 December, 2022

WEMIX loses delisting battle in court against South Korean exchanges but promises to continue the fight

Wemade insists it will not back down after a South Korean court sided with DAXA in delisting WEMIX from exchanges...
South Korea central bank pushes for stablecoin regulation
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11 December, 2022

South Korea central bank pushes for stablecoin regulation

Bank of Korea stated that stablecoins pegged to foreign currencies have to comply with the foreign exchange laws of South...
Hong Kong central bank governor optimistic on virtual currency; South Korean counterpart fazed by FTX implosion
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9 December, 2022

Hong Kong central bank governor optimistic on virtual currency; South Korean counterpart fazed by FTX implosion

Eddie Yue of the HKMA says reducing risks associated with digital assets can be achieved by regulating off-chain activities, while...
South Korean energy giant sets up $84 million fund to spur metaverse adoption
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8 December, 2022

South Korean energy giant sets up $84 million fund to spur metaverse adoption

In support of the government's strategic plan, Daesung Group set up a fund focusing on blockchain, AI, and extended reality...
South Korea’s Science Ministry unveils metaverse strategy, ethical principles for industry operators
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6 December, 2022

South Korea’s Science Ministry unveils metaverse strategy, ethical principles for industry operators

South Korea doubled down on its metaverse strategy, with the Science and ICT Ministry releasing a strategic guide that would...
South Korea: Arrest warrant for former Terraform Labs employees dismissed
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5 December, 2022

South Korea: Arrest warrant for former Terraform Labs employees dismissed

A court in South Korea dismissed the arrest warrants against former Terraform Labs workers, comprising four engineers and three early-stage...
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