Cryptocurrency

Bitcoin surges, experts project further increases

Bitcoin, the world’s leading cryptocurrency, has been steadily trading at around 100 million won ($72,500). Experts anticipate that the recent influx of capital into spot Bitcoin exchange-traded funds (ETFs) will fuel further price increases.

Oct 31, 2024By Jun Ji-hye

Bitcoin surges, experts project further increases

Korea to mandate reporting cross-border stablecoin transfers to curb financial crimes

Korea will mandate the reporting of cross-border stablecoin transactions by late next year, Finance Minister Choi Sang-mok said Friday, aiming to prevent illicit activities such as tax evasion.

Oct 25, 2024By Lee Yeon-woo

Korea to mandate reporting cross-border stablecoin transfers to curb financial crimes

Virtual asset exchange shutdowns result in over $12.8 mil. in customer investment losses

Multiple virtual asset exchanges shut down with the enforcement of the Virtual Asset User Protection Act this year, leaving behind 17.8 billion won ($12.8 million) in investment assets for customers to reclaim.

Oct 24, 2024By Lee Yeon-woo

Virtual asset exchange shutdowns result in over $12.8 mil. in customer investment losses

Bithumb moves fast to expand market share

Cryptocurrency exchange Bithumb is aggressively pursuing partnership marketing following its zero-fee policy, implemented on Oct. 1, in an effort to increase the number of new users.

Oct 23, 2024By Jun Ji-hye

Bithumb moves fast to expand market share

Pioneering Korean women embrace Web3 opportunities

Every morning at 6 a.m., Lee Hyun-jeong, known as LJ at Aptos Labs, logs onto a virtual meeting with her U.S. colleagues to kick off her workday. By 9 a.m., she heads to the gym and runs personal errands for about an hour. After lunch, she resumes work with her Korean partners until the early evening, spending time with her children for dinner and bedtime. Later, she finishes more work and goes to bed around midnight.

Oct 19, 2024By Lee Yeon-woo

Pioneering Korean women embrace Web3 opportunities

Bitcoin trades at discount in Korea despite global rebound

In spite of a global rebound, Bitcoin is trading slightly lower in Korea, creating a reverse "kimchi premium." Analysts attribute this discrepancy to relatively higher demand for virtual assets in foreign exchanges, coupled with subdued investor sentiment in the Korean market.

Oct 17, 2024By Lee Yeon-woo

Bitcoin trades at discount in Korea despite global rebound

INTERVIEW Hotelier brings fresh ideas to decades-old Walkerhill by incorporating Web3

Hotel guests usually don’t seek out active experiences. They arrive, enjoy the amenities and then head back to their daily lives. However, as Walkerhill celebrates its 61st anniversary in Korea this year, the hotel is rethinking its concept by embracing Web3 technology.

Oct 17, 2024By Lee Yeon-woo

[INTERVIEW] Hotelier brings fresh ideas to decades-old Walkerhill by incorporating Web3

INTERVIEW BitGo to enter Korea with global expertise, local insight

Operating in Korea as a foreign entity can be a struggle. But when you're in the crypto industry, where the market is still forming and regulations are yet to be completed, the barriers can be even higher.

Oct 2, 2024By Lee Yeon-woo

[INTERVIEW] BitGo to enter Korea with global expertise, local insight

S. Korea, US, Japan to team up for tracing N. Korea's illegal cyber activities

South Korea, the United States and Japan have agreed to bolster joint efforts to combat North Korea's illegal cyber activities, which are increasingly targeting the virtual currency industry, the presidential office said Monday.

Sep 30, 2024By Yonhap

S. Korea, US, Japan to team up for tracing N. Korea's illegal cyber activities

ANALYSIS Why does Korea's crypto market boast global appeal?

The virtual asset market in Korea faces limitations due to regulatory constraints. Domestic exchanges are restricted to Korean nationals, and trading volume is driven primarily by local participants. Institutional investments and initial coin offerings are also banned.

Sep 27, 2024By Lee Yeon-woo

[ANALYSIS] Why does Korea's crypto market boast global appeal?

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