South Korea

Highlights: South Korea’s crypto market reached a record $34 billion in trading volume over the past 24 hours. Upbit exchange led the surge in South Korea’s crypto market, processing $27.25 billion. The surge in trading followed President Yoon’s martial law […]

Highlights: On Nov. 22, the court declared Delio bankrupt after operational disruption. Delio must sell assets; creditors must submit claims by February 21, 2025. Delio’s sister company, Haru Invest, also declared bankruptcy. On Nov. 22, a Seoul court declared South […]

Highlights: Upbit has reportedly returned $6 million to about 380 victims of telecom scams. Per reports, the fund recovery processes involved combined efforts from Upbit’s operator, Dunamu, and the Seoul Metropolitan Police. Upbit has adopted a similar recovery technique to […]

Highlights: A Seoul Rehabilitation Court has declared South Korea’s Haru Invest bankrupt after the over $1 billion investment scam scandal. The court revealed that the creditors’ first meeting will kick off on February 11, 2025. 2025’s meeting outcome will determine […]

Highlights: Upbit faces scrutiny for 600,000 suspected KYC violations during its license renewal review. Regulators link Upbit’s compliance issues to its dominant market position, raising competition concerns. Despite investigations, Upbit is expanding its trading options, listing new tokens like PEPE […]

Highlights: South Korea’s crypto investor base soared by 21% to 7.78 million in 2024’s first six months. The Asian nation also witnessed a 67% jump in daily transactions as market capitalization recorded a 27% spike. Men in their thirties dominated […]

Highlights: South Korea plans to regulate cross-border virtual asset transactions to combat misuse. Businesses must register and report international crypto transfers to the Bank of Korea. Legal revisions are expected to finish by early 2025, with new rules in Q2. […]

Highlights: South Korea recognizes cryptocurrency as a marital asset in divorce proceedings. Younger South Koreans increasingly favor digital assets over traditional pension systems. New regulations aim to enhance oversight and protect investors in the cryptocurrency market. South Korea now permits […]

Highlights: South Korean regulator plans to inspect crypto exchanges and wallets for illegal transactions and compliance issues. The probe will involve two major South Korean exchanges. The FSS aims to identify and eliminate fraudulent or illegal transactions South Korea’s Financial […]

Highlights: South Korean Tech giant Naver has sealed a new partnership to launch a crypto wallet with Chiliz, a blockchain outlet. Over 30 million users stand a chance of enjoying services from the Web3 and tech firm integration. Chiliz’s CEO […]

Highlights: Haru Invest CEO was stabbed during a fraud trial in a Seoul court. The attacker reportedly used a ceramic knife to stab Lee. Lee was in critical condition and promptly taken to the hospital. On August 28, the chief […]

Highlights: South Korea sets supervisory fees for major exchanges under new Virtual Asset regulations to enhance market oversight. Upbit, due to its market dominance, will bear most of the fees, impacting its financial operations significantly. Despite operational losses, smaller exchanges […]