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South Korea

South Korea’s KakaoBank considers partnerships with digital currency exchanges
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8 May, 2022

South Korea’s KakaoBank considers partnerships with digital currency exchanges

During the company's quarterly business performance conference, KakaoBank's CEO Yun Ho-young revealed that the bank is currently reviewing a partnership...
No taxes before proper regulation: South Korea president pushes back 20% digital currency tax
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7 May, 2022

No taxes before proper regulation: South Korea president pushes back 20% digital currency tax

Newly-elected president Yoon Suk-yeol announced that his government would push back the tax scheduled for 2023 in favor of consumer...
South Korea: Digital currency exchange exec accused of spying for North Korea
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4 May, 2022

South Korea: Digital currency exchange exec accused of spying for North Korea

According to reports, the digital assets exchange executive named Lee was recruited by a North Korean agent who paid him...
South Korea to put stricter regulations on Dunamu over Upbit monopoly concerns
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23 April, 2022

South Korea to put stricter regulations on Dunamu over Upbit monopoly concerns

The Korea Fair Trade Commission will put Dunamu, owner of the country's largest digital currency exchange Upbit, under high scrutiny...
LG Electronics ventures into blockchain and digital assets
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1 April, 2022

LG Electronics ventures into blockchain and digital assets

LG is expanding beyond the scope of its traditional businesses, looking to digital assets and blockchain as it leaves areas...
South Korean exchanges begin a new Travel Rule era, with DeFi and NFTs taking biggest hit
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31 March, 2022

South Korean exchanges begin a new Travel Rule era, with DeFi and NFTs taking biggest hit

All South Korean exchanges now adhere to the FATF Travel Rule, with transfers above $821 being flagged as DeFi and...
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