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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

INTERVIEW 'Korea lags behind in legalization of cryptocurrency industry'

While Korea's first law on cryptocurrency, Act on the Protection of Virtual Asset Users, is scheduled for implementation this July, the nation still trails behind global powers in providing legal frameworks for the advancement of the virtual asset industry, intellectual property (IP) lawyers from a major law firm say.

Mar 31, 2024By Anna J. Park
[INTERVIEW] 'Korea lags behind in legalization of cryptocurrency industry'

Montenegro top court defers crypto mogul Kwon's extradition to Korea

The top court in Montenegro said Friday it has decided to temporarily defer the extradition of disgraced crypto mogul Do Kwon to his home country of South Korea to face trial on charges connected to the crash of cryptocurrencies.

Mar 22, 2024
Montenegro top court defers crypto mogul Kwon's extradition to Korea

Appeal filed against Montenegro court ruling for crypto mogul Kwon's extradition to Korea

Montenegro prosecutors have appealed a recent court ruling for the extradition of disgraced crypto mogul Do Kwon to his home country of Korea to face trial on charges connected to the crash of cryptocurrencies.

Mar 22, 2024
Appeal filed against Montenegro court ruling for crypto mogul Kwon's extradition to Korea
  • Can Terra-Luna victims seek compensation?

Can Terra-Luna victims seek compensation?

The planned extradition of disgraced crypto tycoon Do Kwon to Korea after being arrested in Montenegro is leading to a long-awaited question: Can victims seek compensation from him for their losses?

Mar 21, 2024By Yi Whan-woo
Can Terra-Luna victims seek compensation?
  • Appeal filed against Montenegro court ruling for crypto mogul Kwon's extradition to Korea

Montenegro court confirms crypto entrepreneur Kwon's extradition to Korea

An appeals court in the Balkan country of Montenegro finalized a decision Wednesday to have Do Kwon, the co-founder of the cryptocurrency firm Terraform Labs, be extradited to his home country, Korea.

Mar 21, 2024
Montenegro court confirms crypto entrepreneur Kwon's extradition to Korea

GOPAX risks falling out of Korea's top 5 crypto exchanges

GOPAX, a South Korean cryptocurrency exchange, is on the verge of dropping out of Korea's top 5 crypto exchanges, due to a significant increase in its debt, fueled by the recent surge in the value of major virtual assets that were deposited by investors in the past. If it fails to demonstrate its financial solvency, it may face expulsion, in the worst-case scenario, according to sources Sunday.

Mar 17, 2024By Lee Yeon-woo
GOPAX risks falling out of Korea's top 5 crypto exchanges

Rising 'kimchi premium' fuels Bitcoin frenzy worries in Korea

As the price of the Bitcoin sets new records every day, the fervor among investors in Korea is fueling a notable overheating of the market. Concerns are rising as the soaring demand is pushing up the "kimchi premium," a phenomenon where cryptocurrency in Korea trades above the global rate.

Mar 14, 2024By Lee Yeon-woo
Rising 'kimchi premium' fuels Bitcoin frenzy worries in Korea

Bitcoin rally continues

A customer observes Bitcoin and other cryptocurrency prices displayed on a signboard at Korea’s largest cryptocurrency exchange operator, Upbit, in southern Seoul, Tuesday. Bitcoin continues to rally after topping 100 million won ($76,431) per unit for the first time in Korea, Monday. Yonhap

Mar 12, 2024
Bitcoin rally continues

Bitcoin tops $76,431 in Korea for 1st time

Bitcoin topped 100 million won ($76,431) per unit for the first time in Korea on Monday, according to a local cryptocurrency exchange.

Mar 11, 2024
Bitcoin tops $76,431 in Korea for 1st time

Korea's bitcoin 'kimchi premium' hits two-year high

Korea's so-called "kimchi premium" on bitcoin prices hit a two-year high this week, a cryptocurrency data firm said, as the virtual token broke records globally.

Mar 8, 2024
Korea's bitcoin 'kimchi premium' hits two-year high
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