Tag: Koreas

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Petition Against South Korea’s 22% Crypto Tax Hits 50K Threshold

A petition to scrap a 22% tax on crypto investment gains in South Korea reached the 50,000-signature threshold required for the country’s Finance and...

Bank of Korea’s new governor signals CBDC and bank token push, skips stablecoins in key address

Bank of Korea Governor Shin Hyun-song used his first address in office to prioritize central bank digital currencies (CBDCs) and bank-issued deposit tokens, while...

North Korea’s crypto heist playbook is expanding and DeFi keeps getting hit

Less than three weeks after North Korea-linked hackers used social engineering to hit crypto trading firm Drift, hackers tied to the nation appear to...

XRP-linked Ripple partners with Korea’s Kyobo Life to tokenize government bonds

Ripple said this week it had partnered with Kyobo Life Insurance, one of Korea's largest life insurers, to tokenize government bond settlement using the...

South Korea’s Central Bank Pitches Crypto ‘Circuit Breakers’

South Korea’s central bank says crypto exchanges should have their own “circuit breakers” that halt trading to prevent a repeat of the market fallout...

How North Korea’s 6-month long secret espionage program has crypto community rethinking security

When Drift disclosed the details behind its $270 million exploit, the most unsettling part wasn’t the scale of the loss — it was how...

Bitrefill Discloses Cyberattack, Points To North Korea’s Lazarus Group

Crypto e-commerce platform Bitrefill said it was the target of a cyberattack earlier this month that resulted in stolen funds and limited...

US Startup to Build South Korea’s Biggest AI Data Center

Reflection AI is partnering with Seoul-based conglomerate Shinsegae Group to build a huge new AI data center in South Korea.The companies revealed their intentions...

South Korea’s National Tax Service Publishes Seed Phrase Photo, Sparks Wallet Breach

South Korea’s National Tax Service (NTS) accidentally published a cryptocurrency wallet’s recovery phrase in a Feb. 26 press release, enabling the temporary transfer of...

Seized Crypto Stolen As South Korea’s Tax Authority Leaks Private Key

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A piece of paper ruined everything. South Korea’s National Tax Service (NTS)...

South Korea’s Central Bank Reaffirms Bank-First Stablecoin Model

South Korea’s central bank has reportedly renewed its push to keep Korean won-pegged stablecoin issuance in the hands of commercial banks, warning lawmakers that...

South Korea’s Hanwha Backs US Blockchain Firm Kresus With $13M Investment

Blockchain infrastructure company Kresus secured about $13 million from South Korea’s Hanwha Investment and Securities to expand enterprise digital wallets, real‑world asset tokenization and...