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.

Newsletter
Gary Gensler gets grilled on Capitol Hill as crypto looms large on national political agendas from Cuba to South Korea.
Law Decoded: US as an anatomical theater of crypto regulation, Sept. 13–20
Kirill Bryanov
2021-09-20T14:22:23+01:00
3233
News
Amid the looming regulatory deadline in South Korea, a major crypto exchange is closing up shop in the country.
Bybit crypto exchange suspends services in South Korea
Helen Partz
2021-09-17T13:40:28+01:00
2554
News
South Korean crypto exchange Gopax has told users if it can’t resolve its banking difficulties before a looming regulatory deadline, it will need to shut down.
DCG-backed Korean exchange faces closure if it can’t find banking partner
Marie Huillet
2021-09-17T10:57:41+01:00
3992
News
The ruling party is planning to attempt a postponement of the crypto tax laws, but the Finance Minister is not for turning.
Korean Finance Minister vows to fight moves to delay the crypto tax code
Brian Newar
2021-09-17T03:58:04+01:00
2108
News
“In a situation where the relevant taxation infrastructure is not sufficiently established, the deferral of taxation on virtual assets is not an option, but an ...
South Korean lawmaker: Delaying tax laws on crypto is 'inevitable'
Turner Wright
2021-09-16T18:15:00+01:00
1515
News
Failure to meet South Korean regulators’ new requirements is expected to wipe out tens of crypto exchange operators.
South Korean crypto exchanges face Sept. 24 deadline to submit licence request
Marie Huillet
2021-09-13T10:26:40+01:00
15855
News
Blockchain VC investment firm Hashed is seeking $173 million for a second fund.
Korean crypto ‘Jedi Master’ plans to launch second VC blockchain fund
Martin Young
2021-09-08T05:44:55+01:00
6025
News
Bithumb’s stricter KYC requirements come in line with South Korea’s tightened Anti-Money Laundering regulations regarding foreign users of crypto exchanges.
Bithumb crypto exchange reportedly bans foreigners without mobile KYC
Arijit Sarkar
2021-09-03T10:03:34+01:00
2878

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