South Korea

South Koreans hold $100M in overseas digital assets amid tax rule review
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24 September, 2023

South Koreans hold $100M in overseas digital assets amid tax rule review

South Korea may revamp its tax system to tackle unreported overseas earnings in digital assets, while Indonesia plans to tax...
South Korea strengthens digital currency OTC transactions oversight to combat crime
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23 September, 2023

South Korea strengthens digital currency OTC transactions oversight to combat crime

South Korean regulators target OTC digital currency transactions due to rising criminal activity, discussing regulation in a session on 'Criminal...
South Korea seeks to track, freeze North Korean digital assets with revised bill
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6 September, 2023

South Korea seeks to track, freeze North Korean digital assets with revised bill

The bill aims to cut the funding of Pyongyang's weapons programs through digital assets following the consultations of South Korean...
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...