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
Bithumb users in South Korea have just two days to perform another round of KYC to whitelist their personal wallets, or crypto withdrawals will be blocked.
Bithumb to block crypto withdrawals to unverified private wallets
Brian Newar
2022-01-25T06:04:53+00:00
2160
Regulations
The second phase of the CBDC mock testing is expected to be completed by June this year
Bank of Korea completes first phase of digital currency pilot
Prashant Jha
2022-01-24T08:51:59+00:00
5987
News
Rumors abound that LG subsidiary, LG CNS, is the technical partner helping Bithumb develop its NFT marketplace, which is set to be launched at some point in 202...
Korean Bithumb exchange to launch NFT marketplace
Brian Newar
2022-01-18T06:16:36+00:00
1923
News
The South Korean blockchain hopes to fund its interoperability technology to create new cross-chain applications.
ICON commits $200M to interoperability incentive fund
Ornella Hernández
2022-01-14T16:00:00+00:00
5448
News
Democratic Party presidential candidate Lee Jae-myung prepares to use NFTs to raise funds for his campaign in a bid to appeal millenials.
South Korean presidential candidate to use NFTs to raise funds for campaign
Ezra Reguerra
2022-01-03T15:00:29+00:00
3424
News
South Korean exchanges will require users to verify their third-party wallet addresses to help the country comply with FATF travel rule guidelines.
South Korean crypto exchanges to follow Coinone in verifying private wallets
Brian Newar
2021-12-30T08:07:10+00:00
4653
News
The exchange plans to verify users’ names and resident registration details to ensure crypto transactions were “not used for illegal activities such as money la...
Coinone will stop withdrawals to unverified external wallets
Turner Wright
2021-12-29T18:00:00+00:00
8085
News
South Korea’s tax agency is looking into crypto investment firm Hashed according to local media.
Korean crypto investment firm Hashed reportedly under tax investigation
Brian Newar
2021-12-07T02:06:27+00:00
2518

Follow us on Facebook