Tagged: south korea

September 25, 2026 @ 12:11 am By Omar Faridi  |  

Two financial groups in East Asia have completed a proof-of-concept exercise designed to show how stablecoins might one day support institutional payments between Japan and South Korea without routing money through the US dollar. SBI Digital Practice, a subsidiary of Japan’s SBI Holdings (TYO: 8473)… Read More

September 23, 2026 @ 7:24 am By Omar Faridi  |  

South Korea’s Hana Bank has completed a $100 million foreign-currency digital bond on Euroclear’s distributed ledger platform, compressing a process that usually stretches across several business days into a same-day settlement. The five-year note was placed on Friday through Euroclear’s Digital Financial Market Infrastructure, or… Read More

September 22, 2026 @ 10:13 pm By Omar Faridi  |  

South Korea’s consumer finance platforms have taken another step toward tokenized money. Kakao Pay and Kakao Bank have signed a memorandum of understanding with Fireblocks to study secure digital asset infrastructure in the country, with stablecoins at the center of the work. The non-binding pact,… Read More

September 21, 2026 @ 9:13 pm By Omar Faridi  |  

South Korea’s central bank has begun testing a new around-the-clock settlement system designed to make the won easier for overseas investors to use. The Bank of Korea started the trial of its international won wire network on Monday morning, working with four major domestic lenders:… Read More

September 17, 2026 @ 8:53 pm By Omar Faridi  |  

South Korea’s police have advanced a months-long inquiry into domestic use of Polymarket from investigation into formal charging. Twenty-six local participants on the crypto prediction platform have been booked on suspicion of illegal gambling, and 18 of those cases have already been sent to prosecutors…. Read More

September 14, 2026 @ 8:04 pm By Omar Faridi  |  

South Korea‘s crypto investors have again pressed lawmakers to postpone a long-delayed tax on virtual-asset profits, after a National Assembly petition calling for a two-year grace period cleared the 50,000-signature threshold needed for committee review. Regulatory and finance officials, however, have given little indication that they… Read More

September 6, 2026 @ 2:32 pm By Omar Faridi  |  

South Korea is preparing what appears to be one of the most progressive official programs yet to put conventional capital-market products onto blockchain rails. On September 4, 2026, the Financial Services Commission presented a staged policy roadmap for tokenized securities after a public-private council meeting… Read More

August 30, 2026 @ 8:43 am By Omar Faridi  |  

Dunamu, the company behind South Korea’s digital-asset platform Upbit, has formed a strategic alliance with Visa (NYSE: V) to build new payment and financial products at the intersection of stablecoins, cross-border transfers, and artificial intelligence. The two firms presented a joint roadmap at Visa’s Global… Read More

August 25, 2026 @ 5:40 am By Omar Faridi  |  

BitGo Holdings (NYSE: BTGO) has announced that its South Korean subsidiary has obtained official registration as a Virtual Asset Service Provider. This development enables the firm to deliver specialized custody and transfer solutions tailored to professional clients within one of the region’s fast-growing cryptocurrency ecosystems…. Read More

August 23, 2026 @ 1:08 am By Omar Faridi  |  

South Korea’s financial regulator has taken a major step toward modernizing oversight of digital asset markets by rolling out an artificial intelligence system designed to detect and analyze unfair trading practices in real time. The Financial Supervisory Service (FSS) announced on August 20, 2026, that… Read More

August 19, 2026 @ 12:12 am By Omar Faridi  |  

South Korea’s regional banking landscape is taking a step forward in digital finance. Jeonbuk Bank has entered a partnership with Ripple to implement Ripple Payments for international remittances, positioning the lender as the first regional bank in the country to adopt the platform for this… Read More

August 18, 2026 @ 11:14 pm By Omar Faridi  |  

South Korea’s two largest cryptocurrency exchanges, Upbit and Bithumb, experienced substantial drops in overall revenue during the first half of 2026. These results highlight the ongoing pressure from a prolonged downturn in Bitcoin and the wider digital asset market, which has sharply reduced trading activity… Read More

August 4, 2026 @ 8:20 am By Omar Faridi  |  

South Korea’s cryptocurrency platform Bithumb has outlined a multi-year plan to go public, targeting completion of its initial public offering in 2028. The exchange shared details of this roadmap in an official customer notice on August 3, 2026, emphasizing that the process is designed to… Read More

July 27, 2026 @ 6:51 am By Omar Faridi  |  

One of South Korea’s commercial banks is preparing to introduce a new blockchain-powered option for corporate clients engaged in international trade. KB Kookmin Bank announced plans to introduce a specialized payment service next month that leverages JPMorgan’s Kinexys distributed-ledger network. The offering targets importers and… Read More

July 23, 2026 @ 11:20 am By Omar Faridi  |  

US based digital assets company Circle has entered into strategic collaborations with prominent local players Kakao Group and Toss Bank. These partnerships aim to test and advance blockchain-powered payment systems and stablecoin applications tailored to the Korean market. Circle, known mainly as the issuer of… Read More

July 23, 2026 @ 8:16 am By Omar Faridi  |  

Mirae Asset Group has obtained clearance from the nation’s antitrust authority for its planned purchase of cryptocurrency platform Korbit. This approval represents a notable first for a major financial conglomerate’s affiliate acquiring a licensed virtual asset exchange, underscoring the accelerating blend of traditional investment channels… Read More

July 22, 2026 @ 12:25 am By Omar Faridi  |  

South Korea’s Financial Supervisory Service (FSS) has formally launched the sanction process against Dunamu, the operator of Upbit, the nation’s largest cryptocurrency exchange by trading volume. The regulator recently delivered an inspection report to the company regarding last year’s significant hacking event, marking the first… Read More

July 15, 2026 @ 1:28 am By Omar Faridi  |  

South Korea is taking significant steps to modernize its approach to public asset oversight by incorporating emerging digital assets. The Ministry of Economy and Finance is preparing draft legislation to create a unified basic law for managing state-owned properties, explicitly extending its coverage to innovative… Read More

July 10, 2026 @ 8:23 am By Omar Faridi  |  

The Korea Fair Trade Commission (KFTC) on July 9, 2026, approved Mirae Asset Consulting’s plan to acquire a controlling interest in Korbit, one of the country’s established cryptocurrency exchanges. The decision marks the first time a major domestic financial conglomerate will gain direct ownership of… Read More

July 1, 2026 @ 1:53 am By Omar Faridi  |  

South Korea’s memory chip producer SK Hynix has formally submitted a registration statement with the US Securities and Exchange Commission (SEC) to list American Depositary Shares on the Nasdaq Global Select Market. The move marks a major push by the company to broaden its investor… Read More