Tag: South Korea
South Korea’s Shinhan, Visa Partner to Build Stablecoin Payment System for Banks
Summary
Shinhan Financial Group and Visa will develop stablecoin infrastructure supporting issuance, transfers, settlements, and redemptions acro [...]
South Korea’s Shinhan Taps Solana to Launch Won-Based Tokenized Fund Project
Summary
Shinhan Asset Management partnered with Solana Foundation, Etherfuse, and Orca to develop a Korean won-denominated tokenized fund for ins [...]
South Korea Jails Delio CEO for 15 Years Over $49 Million Crypto Fraud Case
Summary
Delio CEO Jeong Sang-ho received 15 years' imprisonment for defrauding customers of approximately $49.2 million in cryptocurrency assets [...]
South Korea’s Bithumb Targets 2028 IPO With Governance Overhaul
Summary
Bithumb outlined governance reforms and accounting upgrades to support its planned 2028 initial public offering while strengthening compl [...]
South Korea Advances Unified Crypto Bill Covering Stablecoins and Exchanges
Summary
South Korea plans one cryptocurrency bill covering stablecoins, exchanges, investor protection, and market oversight under a unified lega [...]
South Korea Adopts J.P. Morgan Blockchain Payments
In brief:
KB Kookmin Bank will become South Korea's first lender using J.P. Morgan's Kinexys for corporate cross-border payment settlements.
T [...]
South Korea’s Mirae Asset Raises Korbit Stake to 97% After Acquisition Deal Closes
Key Takeaways:
Mirae Asset increased its Korbit ownership to 97.15%, securing stronger control of South Korea's fourth-largest cryptocurrency exc [...]
South Korea Moves to Include Cryptocurrencies in State Asset Management Law
What to know:
South Korea plans legislation recognizing cryptocurrencies as state-owned assets, modernizing public asset management beyond the tr [...]
South Korea Moves to Strengthen Crypto Seizure Rules With New Court Enforcement Framework
What to know:
South Korea's Supreme Court proposed crypto seizure rules establishing standardized enforcement procedures for civil judgments invo [...]
South Korea Firms Question OUSD Consortium Membership After Surprise Listing
Samsung Electronics and other South Korean firms denied formally joining the OUSD consortium, saying preliminary discussions were incorrectly pres [...]