Korean

Last updated: April 23, 2024 23:00 EDT | 2 min read South Korean police have arrested 49 people in a raid on a suspected crypto-powered drugs trading gang, officers announced on April 23. Per Newsis, the Busan Police Agency Drug Crime Investigation Unit said the gang had smuggled and sold almost $1.5 million worth of […]

Last updated: April 16, 2024 23:00 EDT | 2 min read The South Korean Central Bank is set to “speed up” its CBDC project, and will pilot its digital KRW with a group of 100,000 citizens later this year. According to Newsway, the Bank of Korea (BOK) will test digital KRW usability and deposit functions

Last updated: April 15, 2024 23:00 EDT | 2 min read The South Korean “crypto tax crackdown” continues its nationwide tour, moving on to the city of Yeongcheon in North Gyeongsang Province. While crypto trading profits are not yet subject to taxation in South Korea, local authorities have been seizing and liquidating coins from so-called

Last updated: April 1, 2024 23:00 EDT | 2 min read South Korean politicians are accusing one another of crypto-related wrongdoings ahead of parliamentary elections in the nation on April 10. The country will go to the polls in just over a week to elect members of the National Assembly. The parliament is currently dominated

Crypto crimes are on the rise across the world, especially with the market-wide boom. Elderly individuals, for one, are one of the most targeted groups, preyed on by fraudsters who convince them through different means to exchange their funds for crypto while promising substantial investment gains. This has prompted authorities to intensify their crackdown. In the

Last updated: March 20, 2024 06:51 EDT | 2 min read With only three weeks remaining until the general election, South Korea’s rival political parties are vying for support from crypto investors, who have emerged as a key voting group.  According to local media outlet JoongAng Daily, the parties recognize the significance of addressing cryptocurrency-related policies

Last updated: March 13, 2024 19:30 EDT | 2 min read The South Korean gaming behemoth WeMade is hopeful that its massive blockchain gaming drive is finally starting to pay dividends, media reports claimed on March 13. Business Post claimed that the industry was “paying attention” to the firm amid the crypto bull market. South

Last updated: March 11, 2024 19:30 EDT | 1 min read A South Korean law firm operator was jailed in Busan on March 11 after being found guilty of stealing clients’ money to spend on crypto investments. The media outlet Newsis reported that the case was heard at the Criminal Division of the Busan District

Last updated: February 21, 2024 18:30 EST | 2 min read South Korean crypto scammers are targeting chat app users on trading- and investment-themed channels, police warned on February 21. Per News1 and Daejon Ilbo, the Sejong South Police Station announced it was investigating multiple cases. The agency said that it had “received about 20