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
South Korea’s central bank is the latest entity seeking powers to monitor crypto trading activity in the country.
Bank of Korea wants to monitor crypto trading activity, cites monetary risks
Osato Avan-Nomayo
2021-05-13T11:41:00+01:00
12442
Analysis
With crypto demand skyrocketing in South Korea, the government is looking to regulate digital assets, and the local market is feeling the pressure.
South Koreans flock to crypto amid a heavy-handed regulation approach
Anupam Varshney
2021-05-11T12:34:00+01:00
26382
News
South Korea’s banking body wants crypto exchanges to be wary of the risks of being overexposed to altcoins.
South Korea's banking association alarmed by altcoin trading mania
Osato Avan-Nomayo
2021-05-10T17:15:00+01:00
14063
News
Streami, the company behind the popular GOPAX exchange, has received direct funding from Digital Currency Group.
Digital Currency Group backs South Korean crypto exchange operator
Sam Bourgi
2021-05-06T14:00:00+01:00
11541
News
Crypto miners will be able to deduct electricity costs as business expenses when filing cryptocurrency taxes starting in 2022.
South Korean Bitcoin miners can deduct electricity costs from crypto tax filings
Osato Avan-Nomayo
2021-05-06T12:00:03+01:00
7774
News
Authorities are looking to tighten their grip on the cryptocurrency industry.
South Korean regulators tell banks to open the books on cryptocurrency exchanges
Greg Thomson
2021-05-06T09:16:43+01:00
3929
News
More than half of the survey respondents favored the controversial crypto tax law in South Korea.
Survey shows South Koreans support crypto tax law
Osato Avan-Nomayo
2021-05-03T10:02:40+01:00
12544
News
Regulators in South Korea are reportedly set to give the green light for the country’s first crypto-related investment fund.
South Korea reportedly set to approve cryptocurrency-focused fund
Osato Avan-Nomayo
2021-04-29T16:30:00+01:00
7098

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