South Korea’s Democratic Party leader Lee Jae-myung proposed creating a stablecoin tied to the Korean won to prevent capital outflows and strengthen national financial sovereignty.Speaking during a recent policy discussion,…
In brief
South Korean actor Hwang Jung-eum admitted in court to embezzling $3.1M (₩4.34B) from her agency to invest in crypto.
SBS Plus channel removed her segments from the final episode of…
Leading legal and financial experts have cautioned political leaders that stablecoin adoption plans pose a danger to the South Korean economy.Per the newspaper Chungnyun Ilbo, experts say that US dollar-based…
In brief
The South Korean woman transferred $488,000, approximately 683 million won, in crypto and took $1,430, or 2 million won, in cash while her boyfriend slept.
Despite her claims of partial…
South Korean authorities have dismantled a sprawling crypto investment scam ring that deceived dozens of victims by posing as financial experts and promising high returns. The Jeju Metropolitan Police Agency…
Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for…
South Korea could soon follow Hong Kong in legalizing spot Bitcoin exchange-traded funds (ETFs), as the country’s top presidential candidates have expressed pro-crypto positions. Still, some industry observers remain cautious…
South Korean crypto exchange deregulation proposals could affect the nation’s banking industry, dealing a blow to the likes of K Bank, reports have claimed.South Korea’s Financial Post reported that the…
The South Korean central bank has entered the political furore surrounding stablecoins, insisting it should have the final say over the issuance of a KRW-pegged coin.Stablecoins have become a “political…
South Korean presidential candidates and their supporters have clashed on the topic of stablecoins as crypto-related policies continue to dominate the political agenda. On May 8, frontrunner Lee Jae-myung, of…