South Korea

South Korea to invest $187M in a national metaverse ecosystem
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3 March, 2022

South Korea to invest $187M in a national metaverse ecosystem

South Korea’s Ministry of ICT, Science, and Future Planning will also conduct community-oriented creative activities and hackathons to attract talent.
South Korea’s largest bank to launch a digital asset investment fund
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25 February, 2022

South Korea’s largest bank to launch a digital asset investment fund

Kookmin Bank plans to launch the exchange traded fund once there are regulations in place for such a product and...
US court orders Terraform Labs and CEO Do Kwon to comply with SEC subpoena
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22 February, 2022

US court orders Terraform Labs and CEO Do Kwon to comply with SEC subpoena

Do Kown had argued that the securities regulator doesn’t have jurisdiction over him as he is a Korean national and...
South Korea regulator to enhance supervision over digital currencies, NFTs, metaverse
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19 February, 2022

South Korea regulator to enhance supervision over digital currencies, NFTs, metaverse

The Financial Supervisory Service will become more stringent with the digital assets sector as it booms in South Korea, including...
V Global scam: South Korean prosecutors call for life sentence in $1.9B case
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22 January, 2022

V Global scam: South Korean prosecutors call for life sentence in $1.9B case

The prosecutors believe that the life sentence is appropriate given the severity of the act, which they say destroyed families...
South Korea to tax inherited and donated digital currencies starting 2022
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5 January, 2022

South Korea to tax inherited and donated digital currencies starting 2022

South Korea’s tax agency will use data from the Big Four exchanges to determine the daily average price upon which...
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