Tag: Korea
South Korea FX reserves increase in July after four months of decline
The country's foreign exchange reserves, measured in U.S. dollars, increased in July by $0.33 billion to reach $438.61 billion at the end of the mont [...]
South Korea June industrial output up, services output down
Data from South Korea is mixed. For June:industrial output +1.9% m.m (up 1.4% y/y)service sector output -0.3% m/m retail sales -0.9% m/m SK's vice fin [...]
South Korea opens probe into $3.4bn forex transactions linked to crypto
South Korean regulators are investigating $3.4bn worth of “abnormal” foreign exchange transactions at two of the country’s biggest commercial b [...]
South Korea postpones 20% tax on crypto gains to 2025
The South Korean government has reportedly postponed the 20% tax crypto gains by two years. The controversial 20% tax on crypto gains was supposed to [...]
South Korea Postpones 20% Crypto Tax to 2025
The government announced its 2022 Tax Reform Bill on Thursday, which states the planned virtual asset tax, already delayed by a year, will be postpone [...]
Bank of Korea raises its key rate by 50bps
Bank of Korea is South Korea's central bank.base rate is now 2.25% from 1.75% previously+50bp is a big hike from the BoK. This was the median consensu [...]
Korea and US agree to share investigation data on Tera-Luna
South Korean justice minister Han Dong-hoon was in New York recently to discuss various ways in which the two nations can corporate on investigations [...]
Harmony Horizon Exploit Linked to North Korea; $10M Bounty Offered in 'Global Manhunt'
Developers said the team was “gathering wallet data” and strategizing plans based on the impact that the incident caused on users.
www.coindesk.com [...]
South Korea Investigates Terra Labs For Alleged Bitcoin Embezzlement Following UST Collapse: Report
South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month.
www.coindesk.com [...]
Solana Ventures sets up $100M fund for GameFi and DeFi in South Korea
Solana Ventures and the Solana Foundation have formed a $100 million fund to help support the growth of nonfungible token (NFT), blockchain gaming and [...]
Terra’s aftermath in China, Japan and South Korea
The “long waves” of TerraUSD’s May 7 collapse, which we noted two newsletters ago, are extending even further. Last week brought some notable reaction [...]
South Korea ramps up crypto investigations and regulations
On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital asset [...]
In wake of Terra collapse, South Korea plans new crypto oversight committee: Report
The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the birthplace of its’ cre [...]
Why Is South Korea Throwing Money at the Metaverse?
The goal? According to the Ministry of Science and ICT, the funding will help educate and train 40,000 metaverse professionals in Korea, boost over 20 [...]
North Korea Launches Three Ballistic Missiles
SEOUL — North Korea launched three ballistic missiles toward the waters off its east coast on Wednesday, South Korea’s military said, as President Bid [...]