South Korea | ForkLog

ForkLog 12 01.09.2022

South Korea arrests suspects linked to ‘kimchi premium’ cases

South Korean authorities have arrested 16 people suspected of aiding illegal foreign-exchange operations as part of the 'kimchi premium' arbitrage. Seoul Daily News reports.

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ForkLog 9 31.08.2022

FTX to aid Busan in launching a cryptocurrency exchange

South Korea's city of Busan signed an agreement with the cryptocurrency exchange FTX to develop the blockchain industry and create infrastructure for trading digital assets.

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ForkLog 10 22.08.2022

Media: Major Korean brokers plan to launch cryptocurrency exchanges

Seven major South Korean brokerage firms filed applications for the approval of corporate structures to launch cryptocurrency exchanges in the first half of 2023. NewsPim reports.

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ForkLog 29 22.08.2022

South Korea to tax staking and airdrops

Tokens received by residents of South Korea as a result of hard forks and airdrops, as well as staking rewards, will be included in the inheritance and gift tax calculation. The Ministry of Strategy and Finance said this, according to local media.

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ForkLog 12 19.08.2022

Real Shitcoin: South Korea halts digital currency payments for toilet visits

The government of South Korea has halted the BeeVi toilet research programme, under which students at a local institute received digital currency.

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ForkLog 33 18.08.2022

In South Korea, 16 crypto exchanges accused of violating the law

The Financial Services Commission of South Korea (FSC) has charged 16 overseas cryptocurrency platforms with providing services to residents without registration, according to News1.

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ForkLog 8 16.08.2022

South Korean authorities study banks’ role in $6.5 billion kimchi premium arbitrage

In July, the FSS began an investigation into alleged facilitation by local banks of overseas transfers to crypto exchanges worth $6.5 billion, linked to the 'kimchi premium'. Cointelegraph reports.

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ForkLog 11 08.08.2022

Crypto.com secures digital-asset service provider licence in South Korea

Crypto.com has acquired payment-services provider PnLink and digital-asset provider OK-BIT with the corresponding licences from South Korean regulators.

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ForkLog 12 27.07.2022

Media report investigation into schemes involving the ‘kimchi premium’ in South Korea

South Korean law enforcement authorities have begun examining possible violations of foreign-exchange rules involving the so-called 'kimchi premium' on Bitcoin, Yonhap reports.

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ForkLog 10 22.07.2022

Media report searches at Terraform Labs co-founder’s home

Officials from the Seoul Southern District Prosecutor's Office conducted searches at the home of Terraform Labs co-founder Daniel Shin as part of the Terra ecosystem collapse investigation. Local media report.

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ForkLog 12 21.07.2022

South Korea delays tax on bitcoin traders

The government of South Korea announced a two-year postponement of the implementation of digital asset taxation, according to Digital Today.

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ForkLog 7 07.07.2022

South Korean startup loses around $24 million on LUNA short position

In May, the South Korean digital-asset management platform Uprise lost about 99% of client funds when liquidating a short position in Terra's LUNA token, according to Seoul Economic Daily.

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#South Korea