South Korea to Review Crypto Tax Repeal Petition
South Korea’s National Assembly petition page shows that a public petition seeking repeal of the country’s crypto tax plan has crossed the 50,000-signature threshold. The milestone
south korea (Latest Publications)
South Korea’s NHN KCP Bets Big on 2-Second Stablecoin Payments
South Korean payment giant NHN KCP has just launched a stablecoin payment pilot program powered by Avalanche infrastructure. Developed in collaboration with Ava Labs via an
South Korean Funeral Firm Loses $33M In Risky Bitmine ETF Bet Using Customer Funds
TL;DR: The firm Bumo Sarang accumulated unrealized losses of 49.3 billion won at the close of the year 2025 due to its financial exposure in an
Tether Files 7 South Korea Trademarks, Sparking Won-Pegged USDT Speculation
TL;DR Tether filed 7 trademark applications in South Korea, including KRWT and WONTETHER, fueling speculation about a potential won-pegged stablecoin. The registrations arrive as South Korea
Tether Secures Korean Trademark Rights, Signaling Deeper Push Into Local Market
TL;DR: Tether filed seven trademark applications in South Korea, covering its corporate name, logo and the gold-backed stablecoin XAUT. The applications span the full brand identity,
Bumo Sarang Faces $32.7M Paper Loss On ETH ETF
A 2025 audit disclosure filed with South Korea’s Fair Trade Commission shows that Bumo Sarang recorded roughly 49.3B won, or $32.7M, in unrealized losses after investing
Korea’s FSC Reviewing Hana Bank’s $668M Bid for 6.55% Stake in Upbit Operator Dunamu
TL;DR: South Korea’s FSC is reviewing Hana Bank’s $668 million purchase of a 6.55% stake in Dunamu, the operator of Upbit exchange. The regulator is analyzing
South Korea Sets July Rules for Tokenized Securities
TL;DR: South Korea’s FSC plans to release detailed tokenized securities rules in July before blockchain-based securities enter the capital markets framework in 2027. The package may
Hana Financial Moves to Acquire 6.55% Stake in Upbit Operator Dunamu for $668M
TL;DR: Hana Financial will acquire a 6.55% stake in Dunamu, operator of the Upbit exchange, for $668 million, becoming its fourth-largest shareholder. The purchase involves the
Bithumb Issues Warning as AI-Driven Scams Drain Millions in Crypto
TL;DR: Stolen amount: A case recorded in Hong Kong using AI video conferences resulted in the theft of approximately 40 billion won ($29 million). Fraud typology:
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