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 Upbit operator is under heavy scrutiny from local regulators as its total assets balloon and a subsidiary issued controversial investment advice.
Upbit owner Dunamu could see 'monopoly' curbed after investment controversy
Brian Newar
2022-04-22T01:39:22+01:00
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News
Hyundai also gave cryptic clues to a possible metaverse in line with its earlier concept for robots to bridge the real and virtual worlds to enhance mobility.
Nifty News: Hyundai partners with Meta Kongz, Activision surveys on NFTs and more
Jesse Coghlan
2022-04-18T06:14:38+01:00
2693
News
It follows a history of crypto projects from Kakao, including its Ground X blockchain subsidiary, which won the South Korean Central Banks’ CBDC tender last yea...
Webtoon platform Kakao Piccoma buys 50% of Japan‘s Sakura Exchange
Jesse Coghlan
2022-04-06T06:53:33+01:00
2211
News
The far eastern nation may soon be at the forefront of the blockchain industry again as its people are adopting NFT use at a tremendous rate.
Why NFT adoption is so high in South Korea
Brian Newar
2022-03-29T00:38:50+01:00
5749
News
South Korean tech giant LG Electronics has officially updated its business development goals to include cryptocurrency and blockchain-based software.
LG Electronics adds blockchain and crypto as new areas of business
Tom Mitchelhill
2022-03-25T06:55:08+00:00
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News
Complying with the rules puts South Korea ahead of the curve for regulating virtual assets but could be harming the domestic industry with overbearing transfer ...
Korean crypto exchanges are now in compliance with the Travel Rule
Brian Newar
2022-03-25T06:00:31+00:00
3717
News
Global regulators continue asking crypto exchanges to comply with sanctions against Russia as the country itself has no legal crypto trading platforms.
Here’s how Asian countries deal with crypto sanctions against Russia
Helen Partz
2022-03-14T18:30:00+00:00
3270
Newsletter
The long-anticipated presidential directive drops, EU votes on PoW ban and South Korea gets a pro-crypto president.
Law Decoded: Joe Biden’s executive order is finally upon us, and it doesn’t look too dreadful, March 7–14.
Kirill Bryanov
2022-03-14T17:18:00+00:00
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