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South Korea

South Korea flag (Daniel Bernard/ Unsplash)
Markets
Trading
Bitcoin Surge Sees Crypto Trading Volumes Exceed the Stock Market in South Korea
The KOSPI trading volume totaled a record 11.4794 trillion won on Mar. 8, compared to nearly 12 trillion won on local crypto exchanges on Sunday.
South Korea flag (Daniel Bernard/ Unsplash)
By Shaurya Malwa
Mar 11, 2024 at 9:08 a.m. UTC
Mar 11, 2024
TradingMarketsBitcoinSouth Korea
'Kimchi Premium' Reaches Two-Year High
Video
Cdtv
'Kimchi Premium' Reaches Two-Year High
"Kimchi premium" refers to the difference in bitcoin prices on Korean exchanges compared to global exchanges – and bitcoin is currently trading at a 10% premium in South Korea...
'Kimchi Premium' Reaches Two-Year High
By CoinDesk Staff
Mar 7, 2024 at 5:48 p.m. UTC
Mar 7, 2024
cdtvSam Bankman-FriedSouth KoreaChartDay_Sponsor
Terraform Labs CEO Do Kwon on CoinDesk TV. (CoinDesk)
Policy
Regulations
Do Kwon to Be Extradited to South Korea After March 23, Lawyer Says
A Montenegrin high court on Thursday approved Kwon's extradition to the Asian nation to face criminal charges over the collapse of Terra.
Terraform Labs CEO Do Kwon on CoinDesk TV. (CoinDesk)
By Sandali Handagama
Mar 7, 2024 at 2:52 p.m. UTC
Mar 7, 2024
RegulationsDo KwonTerraMontenegroSouth Korea
A tax warning. (Yunha Lee/CoinDesk)
Policy
Regulations
South Korea’s Most Populated Province Traces and Collects $4.6M From Crypto Tax Evaders
South Korea’s Gyeonggi Province tax department traced the crypto accounts through the mobile numbers of the delinquents held by local authorities.
A tax warning. (Yunha Lee/CoinDesk)
By Amitoj Singh
Feb 22, 2024 at 10:59 a.m. UTC
Feb 22, 2024
RegulationsSouth KoreaTax Crimetax evadersdigital assetsCrypto
(Shutterstock)
Policy
Regulations
Crypto Crime Could Mean Jail for Life in South Korea
The new consumer protection rules will take effect in July 2024.
(Shutterstock)
By Sandali Handagama
Feb 7, 2024 at 10:35 a.m. UTC
Feb 7, 2024
RegulationsSouth KoreaFSCCrime
Arrest (niu niu/Unsplash)
Policy
Regulations
Haru Invest Execs Arrested in South Korea for Allegedly Stealing $828M Worth of Crypto: Report
The platform paused withdrawals and fired 100 employees last June citing issues with service partners.
Arrest (niu niu/Unsplash)
By Camomile Shumba
Feb 6, 2024 at 10:05 a.m. UTC
Feb 6, 2024
RegulationsCryptoSouth Korea
Terra co-founder Do Kwon (Terra, modified by CoinDesk)
Policy
Regulations
Former Terraform Labs CFO Han Chang-joon Extradited to South Korea by Montenegro
Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year.
Terra co-founder Do Kwon (Terra, modified by CoinDesk)
By Sandali Handagama
Feb 5, 2024 at 12:11 p.m. UTC
Feb 5, 2024
RegulationsTerraDo KwonSouth KoreaTerra ecosystemMontenegroCrime
(Daniel Bernard/ Unsplash)
Policy
Regulations
South Korean Regulator to Discuss Spot Bitcoin ETF With U.S. SEC: Report
In December it was reported that Financial Supervisory Service head Lee Bok-hyun was planning on meeting U.S. SEC Chairman Gary Gensler for the first time to discuss crypto r...
(Daniel Bernard/ Unsplash)
By Camomile Shumba
Feb 5, 2024 at 10:14 a.m. UTC
Feb 5, 2024
RegulationsCryptoSouth KoreaBitcoin ETF
Two large stacked blocks displaying Binance's logo at a trade show.
Finance
Binance
Binance Reviews Its Majority Stake in South Korean Crypto Exchange GOPAX
The world's largest crypto exchange by trading volume acquired a majority stake in GOPAX in February 2023, re-entering a market it had vacated two years previously.
Two large stacked blocks displaying Binance's logo at a trade show.
By Jamie Crawley
Jan 31, 2024 at 11:22 a.m. UTC
Jan 31, 2024
BinanceGopaxSouth KoreaAcquisitionsExchanges