South Korea


Policy

S. Korean Watchdog Says $7.2B Transfered Overseas Mainly Through Crypto Exchanges: Report

Majority of the transfers were in U.S. dollars and most of the funds were transfered to Hong Kong, according to the report.

(Sava Bobov/Unsplash)

Finance

South Korea Asks Interpol to Issue 'Red Notice' for Terra Co-Founder Do Kwon: Report

Authorities in Singapore confirm that Kwon is no longer in the city-state, while he maintains he’s not “on the run.”

Do Kwon, cofundador de Terraform Labs. (Terra)

Policy

South Korea Looks to Invalidate Terra Co-Founder Do Kwon's Passport: Report

The CEO of Terra along with five others were issued with an arrest warrant on Wednesday.

Terraform Labs CEO Do Kwon on CoinDesk TV in December (CoinDesk)

Markets

Terra’s Luna, Luna Classic Tokens Plunge as South Korea Issues Arrest Warrant for Do Kwon

Terra-based decentralized finance products saw outflows of over $20 million Wednesday morning.

Terraform Labs CEO Do Kwon. (CoinDesk TV, modified)

Finance

South Korean Court Issues Arrest Warrant for Terra Co-Founder Do Kwon

The warrant also includes five others, according to a report.

Do Kwon, cofundador de Terraform Labs. (Terra)

Policy

South Korea Is Gearing Up to Institutionalize Security Tokens

The country's financial regulators plan to publish guidelines for security token issuance and distribution towards the end of 2022.

South Korea's financial regulators want to formalize the issuance and distribution of security tokens. (Jacek Malipan/Getty Images)

Policy

Crypto Exchange Upbit Publishes Token Listing, Delisting Procedure After Government Pressure

Tokens listed on Upbit, South Korea’s largest exchange by trading volume, see major market movements.

Seoul, South Korea (Ciaran O'Brien/Unsplash)

Policy

Sixteen Arrested in South Korea for Illegal Crypto Trading Activities: Report

An investigation by the Korea Customs Service discovered over 2.7 trillion won ($2 billion) in illegal foreign exchange transactions related to virtual assets since February.

South Korea continues crackdown on illegal crypto activity. (Daniel Bernard/Unsplash)

Finance

S. Korean City Busan Taps FTX to Develop Crypto Exchange, Promote Blockchain Businesses

Busan aims to develop a blockchain zone in the coming years and had also signed on crypto exchange Binance last week.

Busan City, South Korea (Getty Images)