News about SOUTH KOREA

News about South Korea

Crypto adoption to skyrocket in South Korea as President-elect imposes zero taxes on gains

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South Korea's incoming president vows big cryptocurrency push. South Korean President-elect Yoon Suk-yeol will take office in May with no business experience but strong ideas on one of the most contentious subjects in finance, cryptocurrencies.

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South Korea Elects Crypto-Friendly President Who Vows to Deregulate Digital Asset Industry

South Korean voters have elected a crypto-friendly president. Yoon Suk-yeol of the conservative People Power Party has vowed to deregulate the crypto industry and introduce favorable tax laws for crypto investors. “To realize the unlimited...

A crypto bull wins the presidency: What it means for South Korea

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Crypto bull wins presidency: What it means for South Korea

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South Korea Elects Pro-Crypto President

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South Korea Has A New President – And He Likes Crypto

Yoon Suk-Yeol, a conservative presidential contender, has officially been elected as the new president of South Korea. According to news reports, Yoon of the People Power Party defeated his politically progressive opponent, Lee Jae-Myung, by less th...

Crypto-friendly Yoon Suk-yeol wins South Korean presidency, ICX surges 60%

South Korean presidential candidate Yoon Suk-yeol has officially been elected as South Korea’s next president.The election was one of the closest in South Korean history, according to BBC coverage. Yoon, representing the conservative People Power Par...

Pro-crypto Conservative Candidate Yoon Suk-Yeol Wins South Korea’s Presidential Election: He vowed to deregulate crypto if he wins

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Crypto friendly Presidential candidate of South Korea becomes President. Had vowed to deregulate crypto and easy crypto tax burden.

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Russian crypto users banned by South Korean exchanges

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South Korean Exchanges Block Russian IP Addresses

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Crypto donations to Ukraine top $37M, eBay eyes crypto payments and South Korea allocates $187M to the metaverse: Hodler’s Digest, Feb. 27-Mar. 5

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph...

South Korea’s 4 Biggest Crypto Exchanges Slam The Door On Russian Users

Several of South Korea’s largest crypto exchanges have allegedly joined the increasing list of global sanctions against Russian President Vladimir Putin’s regime by barring the country’s IP addresses. Gopax, one of the major exchang...

South Korean Crypto Exchanges Restrict Russians’ Access Over War in Ukraine

Major South Korean cryptocurrency exchanges have introduced restrictions for Russian users, effectively joining western sanctions over Moscow’s military invasion of Ukraine. The measures include blocking IP addresses originating from the Russ...

South Korea Maps Out $187 Million For Its National Metaverse Project

Right through the period of the global pandemic of COVID-19, the Metaverse has experienced more traction. However, the primary reason had been the restriction on physical meetings and gatherings. Subsequently, more people now flock to the Metaverse d...

South Korean Billionaire Businessman Kim Jung-ju Passes away, Aged 54

News has emerged that Kim Jung-ju, a prominent South Korean businessman, investor, philanthropist, and founder of Korea’s largest gaming company, Nexon, died on Monday at the age of 54, according to the Korean Herald. Reports, citing Nexon’s holdin...

Crypto Assets Catapult In South Korea: Valued Above $45.9B

South Korea’s Crypto Asset Market witnessed massive growth at the end of 2021. The valuation of the market stood at $45.9B (55.2 Trillion Won). This information was brought to light by the country’s primary financial regulator, The Financ...

South Korean crypto market grows to $45.9B in 2021 despite strict regulations

South Korea’s crypto market grew to 55 trillion won ($45.9 billion) by the end of 2021, as per a new study from the country’s chief financial regulator, the Financial Service Commission.South Korea is considered among the strictest crypto markets in...

South Korea to invest $187M in national Metaverse project

South Korea’s Ministry of ICT, Science, and Future Planning pledged 223.7 billion Korean won ($186.7 million) to create a broad metaverse ecosystem to support the growth of digital content and corporate growth within the country.The ministry wrote in...

LABEL Foundation Debuts On South Korean Digital Asset Exchange Coinone

LABEL Foundation (LBL) has been listed on South Korean digital asset exchange Coinone. The listing is a huge milestone for the project given that South Korea possesses some of the strictest crypto listing regulations worldwide. The process involves...

LABEL Foundation Debuts on Top Digital Asset Exchange in South Korea

PRESS RELEASE. LABEL Foundation recently gained authorization from one of South Korea’s main exchanges and a listing position with KRW (South Korean currency), the advancement has immediately followed after Clesson (the parent company) garnere...

South Korean Kookmin Bank to Launch the First Crypto Fund

Kookmin Bank, the largest banking financial institution in South Korea, has announced its plans to launch the nation’s first crypto fund, a move targeted at retail investors. According to the from the bank, a Digital Asset Management Committee ha...

KB Bank to launch South Korea’s first crypto investment fund

Kookmin Bank is preparing to become the first bank in South Korea to offer crypto investment products to retail investors. KB announced on Monday that it had formed a Digital Asset Management Preparatory Committee to determine product and strategy ca...

South Korean Metaverses Face Sexual Harassment Allegations

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