Upbit and Bithumb Report Sharp Revenue and Profit Drops in H1 2026
TL;DR Market downturn: Upbit and Bithumb saw steep declines in revenue and profit as crypto trading activity weakened and major assets like Bitcoin and Ethereum fell
south korea (Latest Publications)
Jeonbuk Bank Partners With Ripple to Power Cross‑Border Payments in South Korea
TL;DR Partnership launch: Jeonbuk Bank is adopting Ripple Payments to deliver faster cross‑border transfers for business clients. Real‑time settlement: Ripple said the system enables 24/7 settlement
DigitalX Moves to Raise $35.3M After Korbit Acquisition
TL;DR: DigitalX, operator of the Korbit exchange, approved a capital increase of around 50 billion won ($35.3M) through the issuance of new shares. All new shares
South Korea Sentences Delio CEO to 15 Years for Crypto Fraud
A South Korean court sentenced Delio CEO Jeong to 15 years in prison on August 13 after finding him guilty of fraud and related offenses involving
South Korea Expands Travel Rule to All VASP Transfers Nationwide
South Korea’s Financial Services Commission said that the Cabinet approved amendments eliminating the ₩1 million threshold for the crypto Travel Rule. Once effective, registered virtual-asset service
South Korea Opposition Pushes to Delay 22% Crypto Tax Until 2030
TL;DR South Korea’s opposition is seeking to delay the 22% crypto tax until 2030, arguing that authorities need more time to build a fair taxation system.
Bithumb Moves Forward With 2028 IPO Goal, Detailing Its Long‑Term Preparation Roadmap
TL;DR Bithumb officially confirmed it is targeting the completion of its initial public offering in 2028, with a preliminary review scheduled for 2027. The South Korean
South Korea Logs Another Major Stablecoin Outflow, Keeping Its 18-Month Streak Alive
TL;DR South Korea recorded $367 million in net stablecoin outflows during June, extending its streak of monthly offshore transfers to 18 consecutive months across five major
Solana Pay Expands Into South Korea as KSNet Connects 330,000+ Merchants
TL;DR: Financial infrastructure company KSNet and the Solana Foundation signed a memorandum of understanding on July 30, 2026, in Seoul. KSNet’s processing network connects over 330,000
South Korea Sets 2027 Crypto Tax at Up to 22% With a 2.5M‑Won Deduction
TL;DR Policy launch: South Korea will begin its crypto tax on January 1, 2027, after three delays, with officials confirming the timetable during a National Assembly
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