South Korea’s KakaoBank Eyes Stablecoin Rollout Backed by Won Peg
South Korea’s KakaoBank has entered the development phase for its KRW-pegged stablecoin, named “Kakao Coin,” according to an official statement. The bank also announced new hiring
south korea (Latest Publications)
PLUME Gains Momentum as Upbit Adds Korean Won Trading Pair
TL;DR Upbit’s PLUME listing surged 45%, highlighting Korean market influence. The exchange used strict trading controls to limit volatility at launch. Plume Network is a blockchain
Regulatory Divide Stalls South Korea’s Stablecoin Rules on Banking Involvement
South Korea’s push to finalize a national stablecoin framework has stalled this week after regulators clashed over whether domestic banks should be allowed to issue won-based
Upbit Weighs Appeal of $25M Fine Imposed by South Korea Regulator
TL;DR Upbit’s operator, Dunamu, is evaluating an appeal against the 35.2 billion won ($25 million) fine imposed by the FIU. The fine is due to 5.3
Naver Financial to Launch Coin Wallet as Upbit Merger Advances
Naver Financial announced the launch of its stablecoin wallet “Silk Pocket” next month, developed in collaboration with Hashed and the Busan digital exchange.
South Korea Prepares Massive Fines for Crypto Exchanges After Inspection
South Korea’s Financial Intelligence Unit is preparing severe sanctions for major cryptocurrency exchanges after fining Dunamu (Upbit) $24 million, according to regulatory sources. Korbit, GOPAX, Bithumb,
Upbit Reportedly Weighs Nasdaq Listing to Enter American Markets
TL;DR: Upbit considers Nasdaq listing to expand into U.S. crypto markets. Listing aims to attract institutional investors and diversify revenue streams. Regulatory compliance and strategic timing
South Korea Tightens Rules on Foreign Leveraged ETFs Amid Investor Frenzy
TL;DR South Korean regulators will require a 1-hour online course to invest in foreign leveraged ETFs. The measure aims to curb the “buying frenzy” of retail
South Korean Bitcoin Reserve Plans Hit Snag Amid Regulatory Concerns
Companies in South Korea have been forced to delay plans to hold Bitcoin on their balance sheets after the government failed to publish guidelines this week,
South Korea’s Push for Secure Stablecoins Aims to Rival U.S. and Japan
TL;DR FSC Chair Lee Eok-won urges balancing financial safety with international competitiveness. The government aims to allow private firms to issue won-pegged coins, reversing previous bans.
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