South Korea’s exports experienced a notable decline in May, indicating the growing economic pressure faced by this trade-reliant nation as global demand weakens and uncertainty surrounding US tariffs […]
South Korea’s 2025 Election: Crypto Takes Center Stage
President Yoon Suk Yeol’s impeachment has ignited South Korea’s 2025 presidential race, placing cryptocurrency policy front and center. Political parties are vying to formulate the most effective regulations […]
Upbit Temporarily Halts User Deposits, Facing Regulatory Pushback
South Korea’s largest crypto exchange, Upbit, has imposed restrictions on new user deposits and withdrawals effective March 7th to June 6th, 2025. This measure is a direct result […]
Dunamu Under Regulatory Pressure, Announces Compliance Overhaul
In May 2025, South Korean cryptocurrency exchange Upbit faced regulatory sanctions from financial authorities in the country, halting its ability to onboard new users. This action highlights the […]
Seoul Court Upholds WEMIX Delisting, Delivering Blow to Wemade’s Blockchain Venture
The South Korean court has rejected Wemade’s request for an injunction, upholding the decision to delist its WEMIX token from major crypto exchanges. This ruling, impacting the company […]
South Korean Crypto Exchanges Face Scrutiny Over Unclear Listing Rules
The opaque decision-making process behind listing and delisting cryptocurrencies on South Korea’s major exchanges has sparked significant concern. A recent report from NewsPim sheds light on the lack […]
Bitcoin Sees 1.49% Kimchi Premium in South Korea on May 30
On May 30th, Bitcoin traded at a premium of 1.49%, known as the ‘Kimchi Premium,’ in South Korea according to data from Upbit exchange. At 12:00 AM KST, […]
Dunamu’s Lee Sirgoo to Step Down as CEO, Moving into Advisory Role
The cryptocurrency sector in South Korea will undergo a significant leadership shift with Dunamu CEO Lee Sirgoo announcing his departure from the company effective July 1st. While stepping […]
South Korea’s First Crypto Market Manipulation Case: Suspects Granted Bail
A significant development in the world of crypto regulation has unfolded in South Korea. For the first time under their new virtual asset law, suspects accused in a […]
South Korea: Virtual Asset Manipulation Case Leads to Release of Key Suspects
In South Korea’s first-ever case involving alleged virtual asset price manipulation, suspects A and B were granted bail by the court following accusations of market manipulation. The prosecution […]
South Korea Targets $247 Billion Stablecoin Market with New Digital Token
The South Korean central bank has announced a bold initiative to address rising outflow of capital from the country’s cryptocurrency market. The Bank of Korea aims to integrate […]
Russian National Arrested for Alleged Crypto Fraud in Seoul
A Russian national has been arrested in Seoul following an alleged fake cryptocurrency transaction that left two South Korean men assaulted and robbed. The incident, reported by local […]
Russian National Arrested After Assaults During Fake Cryptocurrency Deal in South Korea
A Russian man has been apprehended by South Korean authorities after allegedly participating in a violent robbery during a staged cryptocurrency transaction. Two men were targeted during the […]
South Korea to Launch National Digital Asset Exchange: Proposal Aims for Regulation-Driven Crypto Adoption
A major political development in South Korea involves a proposed national digital asset exchange, spearheaded by presidential candidate Lee Jae-myung of the Democratic Party of Korea. This ambitious […]
South Korea’s Bank Unveils Ambitious Blockchain Plan for Deposit Tokens
The Bank of Korea (BOK), South Korea’s central bank, has announced ambitious plans to explore integrating public blockchain technology with its deposit tokens. This move signals a significant […]