South Korea

Crypto

Binance Buys Stake in GOPAX Exchange, Using its $1B Recovery Fund

Binance bought a controlling stake in troubled S. Korean crypto exchange GOPAX.

Tim FriesFeb 3, 20233 min read

Policy

S. Korea Proposes Unified Crypto Disclosure System After WEMIX Fiasco

South Korea's Financial Supervisory Service recommended a unified disclosure system to protect investors.

Tim FriesJan 31, 20233 min read

Market Analysis

Busan to Establish Decentralized Digital Asset Exchange by the End of 2023

South Korean city of Busan is hoping to build on its strengths by launching a decentralized digital asset exchange of its own this year.

Tim FriesJan 19, 20233 min read

Best Stocks

S. Korean Watchdog Fines Tesla for False Claims: Shares Fall 4%

South Korea's Fair Trade Commission (KFTC) fined Tesla $2.2 million for falsely advertising the driving range capabilities of its vehicles in cold temperatures.

Tim FriesJan 3, 20233 min read

Market Analysis

Binance in Final Stages of Acquiring One of South Korea’s Largest Exchanges

Reportedly, Binance is close to re-entering the South Korean market by purchasing a 41.2 stake in one of the country’s top five exchanges.

Tim FriesJan 2, 20233 min read

Policy

Court Sentences Hacker to 6 Years for Stealing $6.7M from Nexon CEO in May

South Korean court sentenced a hacker to 6 years in prison for stealing $6.7M from Kim Jung-ju, founder and former CEO of the game developer Nexon.

Tim FriesDec 29, 20223 min read

Policy

Do Kwon Resident in Serbia, Likely to Challenge Extradition: Report

Terraform Labs co-founder Do Kwon has registered his residential address in Serbia, according to S. Korean reports, citing local prosecutors.

Tim FriesDec 14, 20223 min read

DeFi

WEMIX Issuer Buys $10M Worth of Tokens After Delisting by Exchanges in S. Korea

Sloppy token accounting will exert a heavy cost on Wemade's blockchain gaming ecosystem.

Tim FriesDec 9, 20224 min read

Policy

WEMIX to be Delisted From S. Korea Exchanges Following Court Decision

Wemade's WEMIX token will be delisted from four S. Korean exchanges on Thursday following the latest court decision.

Tim FriesDec 7, 20223 min read

Policy

South Korean Judge Dismisses Terra-Related Warrant for Daniel Shin and 7 Others

For the second time in two months, South Korean Judges stepped in the way of the country’s prosecutors.

Tim FriesDec 2, 20223 min read

Policy

WEMIX Token Up 20% as Court to Decide On Delisting Debacle

Wemade's native token WEMIX jumped 20% ahead of the court's delisting decision next week.

Tim FriesDec 2, 20223 min read

Policy

Microsoft-Backed WEMIX Token Delisted from S.Korean Exchanges

Microsoft-backed WEMIX token has been delisted from five S. Korean exchanges.

Tim FriesNov 24, 20223 min read