News
Terraform Labs co-founder Do Kwon asked a US court to limit his prison term to five years as he faces a separate case in South Korea.
1423
South Korea News
South Korea, officially the Republic of Korea, is a country in East Asia. The country is home to almost 52 million people and uses the South Korean won as its currency. Its capital city, Seoul, is geographically located in the nation’s upper region. Thanks in part to its bustling capital and the nation’s landscape, South Korea’s economy benefits from various factors, including high technological advancement. South Korea borders North Korea, also known as the Democratic People’s Republic of Korea.
South Korea has stringent crypto regulations focused on preventing illegal activities and ensuring transparency. Cryptocurrencies like Bitcoin (BTC) are regulated under precise Anti-Money Laundering and securities regulations enforced by the Financial Securities Commission (FSC) of South Korea.
Reporting guidelines for crypto service providers, including centralized and decentralized exchanges, are fundamental in South Korea. The regulatory framework is influenced by the government’s evolving policy stance on crypto assets. When sold, cryptocurrencies held as investments are subject to a 20% capital gains tax for individuals and 22% for corporations. Additionally, cryptocurrencies used for payments may incur a 10% value-added tax in South Korea.
- News
The breach occurred as Upbit’s parent company, Dunamu, sealed a $10 billion acquisition deal with Naver and plans an initial public offering in the US.
1663 - News
Naver Financial plans to acquire Dunamu in a $10.3 billion stock-swap deal, issuing 87.56 million new shares and making the crypto giant a wholly owned subsidiary.
1098 - News
Regulators and the Bank of Korea remain at odds over bank dominance in issuing won-backed stablecoins, stalling a long-awaited framework expected this year.
1518 - News
US investors could soon get exposure to South Korea’s active crypto market, as crypto exchange Upbit’s parent company, Dunamu, reportedly eyes a Nasdaq listing.
1620 - Spotlight
KRW-pegged stablecoin rails aim to globalize K-finance, streamlining cross-border payments, enterprise integration and inclusive digital services.
15441 - News
Upbit operator Dunamu posted $165 million in Q3 net income, driven by a market rebound and stronger investor confidence following new US crypto legislation.
4104 - News
Crypto protocols Frax and IQ have partnered to launch KRWQ, a Korean won stablecoin designed to be fully regulatory-compliant amid the country’s stablecoin push.
3553 - News
Circle’s Arc has seen strong early adoption, with over 100 global financial and fintech giants, including BlackRock, Goldman Sachs, Visa and Mastercard, joining its public testnet.
2997 - News
The Bank of Korea should make clear rules for stablecoin issuers, allowing banks and non-banks to issue the tokens, says Kaia DLT Foundation chair Dr. Sangmin Seo.
3679 - News
South Korea’s National Tax Service warned that cold wallets are not beyond its reach, as it will conduct home searches to combat tax evasion.
14392 - News
Stablecoin payments firm RedotPay said it became a fintech unicorn after a $47 million round with participation from Coinbase Ventures, Galaxy Ventures and Vertex Ventures.
4924 - News
Naver is often called the “Google of South Korea,” and is the top search engine in the country. Upbit Korea is the largest crypto exchange in South Korea.
5986 - Explained
Korean investors dumped Tesla and embraced crypto with $12 billion in inflows. This is reshaping global capital flows and risk.
- News
South Korea reportedly flagged a record 36,684 suspicious crypto transactions in 2025, surpassing the combined total of the past two years.
13033