South Korea | ForkLog

ForkLog 72 02.12.2025

Sony Bank Plans to Launch Dollar-Pegged Stablecoin in the US by 2026

Sony Bank, a subsidiary of Sony Financial Group, intends to issue a US dollar-pegged stablecoin in 2026, according to Nikkei, citing its own sources.

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ForkLog 132 27.11.2025

Hackers Steal $37 Million from South Korean Exchange Upbit

On November 27, South Korea's largest bitcoin exchange, Upbit, suspended withdrawals following an attack in which hackers stole assets worth $36.8 million.

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ForkLog 108 30.10.2025

First Korean Won-Pegged Stablecoin Launched on Base Network

IQ and Frax have launched the "stablecoin" KRWQ, pegged to the South Korean won. This asset marks the first such token in the L2 solution Base.

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ForkLog 83 28.10.2025

South Korea’s Central Bank Warns of Stablecoin Deppegging Risks

The Bank of Korea has released a report expressing concerns over the risks of stablecoins losing their peg, particularly those denominated in won.

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ForkLog 206 22.09.2025

China and South Korea Impose New Restrictions on the Crypto Market

China's Banking Regulatory Commission has unofficially instructed several local brokers to halt RWA business in Hong Kong.

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ForkLog 185 05.09.2025

South Korea Implements New Rules for Crypto Loans

On September 5, South Korea's Financial Services Commission released guidelines for lending services on centralised cryptocurrency exchanges.

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ForkLog 305 24.08.2025

South Korean Accused of Laundering $50 Million by Converting Bitcoin to Gold

Authorities in Thailand have arrested a South Korean national accused of laundering 1.6 billion baht (~$50 million) for a call centre gang. He allegedly exchanged cryptocurrency for gold bars.

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ForkLog 70 19.08.2025

South Korean Exchanges Ordered to Halt Crypto Lending

South Korea's Financial Services Commission ordered local digital asset exchanges to temporarily suspend crypto lending operations.

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ForkLog 157 18.08.2025

South Korea and Japan Enter the Stablecoin Race

Regulators in South Korea and Japan are actively creating conditions for the “stablecoin” market. According to local media, the former is preparing a new bill, while the latter is close to approving its first yen-pegged token. These moves are likely a response to actions by the United States. In July, President Donald Trump signed the […]

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ForkLog 48 18.08.2025

South Korea Seizes Crypto Assets of Tax Delinquents

Tax authorities in Jeju City, South Korea, have initiated the seizure and confiscation of cryptocurrencies from tax delinquents, according to local media. The total value of the frozen assets amounted to 230 million won (approximately $165,953 at the time of writing). The investigation targeted 2,962 citizens with debts exceeding 1 million won (~$721). The total […]

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ForkLog 252 11.08.2025

South Korea to develop a sovereign AI

South Korea has tasked several of its largest companies and promising startups with building a national foundation AI model using predominantly domestic technology, CNBC reports. The project will use South Korean semiconductors and software. Seoul aims to create a largely self-sufficient artificial-intelligence industry and compete with China and the United States, journalists wrote. ForkLog examines […]

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ForkLog 42 30.07.2025

Asian Nations Tighten Cryptocurrency Regulations

The Bank of South Korea (BoK) has established a new division to monitor the cryptocurrency market, Indonesia has announced increased taxes on crypto transactions, and Hong Kong has completed the development of stablecoin regulations. ForkLog has compiled the latest news from Asia in one article. Digital Division of the Bank of Korea The BoK has […]

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