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South Korea
Crypto Exchange Bithumb Owner’s Arrest Requested by South Korean Prosecutors: Report
Kang Jong-Hyun and his sister are under investigation for embezzlement related to tax evasion allegations against Bithumb.
Future of the Metaverse Amid Crypto Winter
Sebastien Borget, Co-Founder of The Sandbox and President of the Blockchain Game Alliance, alongside Saro McKenna, co-founder of Alien Worlds, join "First Mover" live from Davos 2023 to discuss the outlook for development and adoption of the metaverse and blockchain gaming. Plus, reactions to South Korea launching a metaverse replica of Seoul.
South Korea Launches Metaverse Replica of Seoul
As part of a three-year effort to expand its public services, Metaverse Seoul will allow users to take their avatars to tax offices, access youth counseling and read e-books.
Crypto Exchange Operator Bithumb Investigated by South Korean Tax Authorities: Report
The former chairman of Bithumb Holdings, which operates a crypto exchange in the country, was recently acquitted of fraud charges.
Former Bithumb Chairman Acquitted in $100M Fraud Case
Prosecutors in South Korea were seeking an eight-year prison sentence for Lee Jung-Hoon, who was acquitted in the first court hearing.
DeFi Infrastructure Provider Sooho.io Raises $4.5M for Bridging Blockchains
The South Korean company will use the funds to develop a range of blockchain tools for building decentralized finance applications that link the country's independent crypto networks.
Terra's Do Kwon Is in Serbia, CoinDesk Korea Reports
The Terraform Labs co-founder is wanted in South Korea, backed by Interpol.
South Korean Court Denies Injunction Against Crypto Exchanges for Delisting Metaverse Token Wemix: Report
The wemix token is trading 90% lower than this time last month after it was delisted by several exchanges.
South Korea’s Central Bank Wants to Oversee Stablecoins
The country joins other jurisdictions in proposing standards for stablecoin issuance.
S. Korean Judge Dismisses Arrest Warrant for Terra Co-Founder Shin
An arrest warrant for Do Kwon, another co-founder, remains in effect, however.
