South Korea

South Korea’s Busan to launch digital asset exchange by end of 2023: report
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25 January, 2023

South Korea’s Busan to launch digital asset exchange by end of 2023: report

Upon launch, the exchange system will offer deposit settlement and market monitoring services and will allow for proper listing evaluations.
South Korean court rules NFTs as speculative and not protected under legislation
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21 January, 2023

South Korean court rules NFTs as speculative and not protected under legislation

Gaming items converted to NFTs are considered "gifts prohibited under the Game Industry Act," and dealing with them equates to...
Seoul metropolitan unveils metaverse project to South Korea residents
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20 January, 2023

Seoul metropolitan unveils metaverse project to South Korea residents

Metaverse Seoul will offer the city's residents the chance to learn about South Korea's capital, visit tourist attractions, and have...
South Korea: Bithumb ordered to pay damages over service outage in 2017
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19 January, 2023

South Korea: Bithumb ordered to pay damages over service outage in 2017

The Supreme Court has ordered Bithumb to pay KRW251.4 million (US$202,400) to over 100 disgruntled investors, with each of the...
Paycoin in a race to secure banking partnership after South Korea license suspension
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19 January, 2023

Paycoin in a race to secure banking partnership after South Korea license suspension

Paycoin, whose token is used in South Korea for payments, was ordered to secure a bank partner or have its...
South Korea: Bithumb under probe yet again over tax evasion
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14 January, 2023

South Korea: Bithumb under probe yet again over tax evasion

The South Korean National Tax Service believes that Bithumb may have been engaged in tax evasion, an offense punishable by...
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