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South Korea

South Korea pilots digital assets seizure for traffic fines settlement
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21 August, 2022

South Korea pilots digital assets seizure for traffic fines settlement

The coronavirus pandemic has led to the adoption of a new method that allows South Korean police to collect digital...
South Korea: New probe uncovers $6.5B worth of digital assets linked to illegal transactions
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19 August, 2022

South Korea: New probe uncovers $6.5B worth of digital assets linked to illegal transactions

South Korea's regulatory board is eyeing sanctions against financial institutions linked to illicit forex transactions to safeguard its digital assets...
South Korea: Financial authorities to review digital asset legislation
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17 August, 2022

South Korea: Financial authorities to review digital asset legislation

Financial Services Commission Chair Kim Joo-hyun said the commission will maintain a balance that fosters innovation in blockchain development while...
South Korea bust 3 in connection with $3B digital asset-related probe
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16 August, 2022

South Korea bust 3 in connection with $3B digital asset-related probe

The Daegu District Prosecutor's Office brought several charges on the three as they were alleged to have set up paper...
Samsung signs MoU deal to give new NFT project offline utility
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13 August, 2022

Samsung signs MoU deal to give new NFT project offline utility

Holders of the Samsung NFTs can access discounts when they finalize the purchase of the company's Galaxy S22 series and...
South Korea’s tax agency vows to tighten digital assets tax evasion loopholes
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11 August, 2022

South Korea’s tax agency vows to tighten digital assets tax evasion loopholes

The NTS is also looking into individuals using digital assets to evade inheritance and gift taxes, as well as online...
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