News
South Korea’s tax agency is looking into crypto investment firm Hashed according to local media.
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South Korea News
Located in East Asia, South Korea is a country known officially as the Republic of Korea. The country is home to approximately 51 million people and uses the South Korean won as its currency. The capital of South Korea, Seoul, is geographically seated in the nation’s upper region. Thanks in part to its bustling capital and the nation’s landscape, South Korea’s economy benefits from various factors, including technological advancements. South Korea borders North Korea, also known as the Democratic People's Republic of Korea.
The South Korean crypto scene includes strict regulations on certain fronts, although the country is known to host significant crypto trading activity. On South Korean platforms, Bitcoin (BTC) sometimes trades at prices above the rest of the market, leading to the creation of the term “Kimchi premium” — a name for the difference between South Korean Bitcoin prices and the rest of the market.
- News
The long debate in the country’s legislature could soon be over, meaning cryptocurrency gains made in South Korea may not be considered taxable events until 2023, at the earliest.
2412 - Newsletter
The world's sixth-largest economy could adopt a hardline stance against decentralized cryptocurrencies as soon as this winter.
5021 - News
The FSC wishes to establish a system that would recover illegally gained funds, dole out criminal punishments, and protect investors from future malfeasance.
3888 - News
Government officials waffling about the crypto tax that’s set to come into effect in 2022 has created a maelstrom of conflicting reports that even officials can’t seem to keep track of.
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Korean lawmakers plan to impose taxes on NFTs after classifying them as virtual assets.
2868 - News
South Korean blockchain platform Klaytn may see its domestic dominance dwindle if it cannot keep pace with competitors such as Polygon.
5322 - News
South Koreas will be immersed in the metaverse sooner than later, as industries and public services begin rolling out virtual avatars and applications across the country.
10056 - News
If passed, more stringent reporting requirements would apply to domestic and international transactions, which some say would damage the growth of the industry.
3042 - Breaking news
Animoca Brands has announced it will partner with Korean record label Cube Entertainment to build a “K-pop metaverse.”
11044 - Local News
The recent FATF updated guidance made it easy for regulators to pass on issuing new rules for NFTs.
2960 - News
Google searches for “NFT” again overtook “cryptocurrency” queries in September after a significant spike in March.
2884 - News
KTCU plans to invest in Bitcoin ETF products after consultation with domestic asset managers,” an executive reportedly said.
6444 - Analysis
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
4408 - News
Opposition lawmakers are seeking a one-year delay in the enactment of the law as well as a lowering of the tax burden on crypto traders.
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