South Korea | ForkLog

ForkLog 350 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 94 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 197 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 81 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 329 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 71 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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ForkLog 30 24.06.2025

South Korea Proposes Replacing Dollar with Stablecoins

South Korea’s new administration plans to permit the issuance of stablecoins pegged to the national currency. This move aims to bolster the country’s independence from foreign assets, reports The Block. Min Byung-duk, a lawmaker responsible for digital assets in President Lee Jae-myung’s campaign team, has already proposed a bill for licensing stablecoin issuers. According to […]

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ForkLog 15 20.06.2025

South Korea Considers Approval of Spot Crypto ETFs

South Korean authorities have unveiled a roadmap for the approval of spot cryptocurrency ETFs, according to local media. Following these reports, the Financial Services Commission (FSC) clarified that details are yet to be finalized. According to media sources, the FSC has sent a document to the Presidential Policy Planning Committee. Measures for launching crypto ETFs […]

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ForkLog 38 28.05.2025

Arrests Made in Three Countries Over Bitcoin Extortion Allegations

Over the past week, law enforcement agencies in the United States, South Korea, and France have detained individuals suspected of targeting cryptocurrency holders for extortion. New York, USA According to AP, on May 27, a 32-year-old cryptocurrency entrepreneur from Miami, William Duplessis, surrendered to New York police. He faces charges of kidnapping, assault, unlawful imprisonment, […]

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ForkLog 32 21.04.2025

South Korea to Develop Stablecoin Regulations

The Bank of Korea (BoK) has announced its intention to “actively participate” in the creation of legislation regulating stablecoins. This was stated in a report. The BoK emphasized the need to minimize risks to the country’s financial and monetary stability. “Unlike other virtual assets, ‘stablecoins’ have the characteristics of a payment instrument. Their widespread use […]

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ForkLog 14 03.04.2025

South Korea Considers Opening Crypto Exchanges to Foreign Investors

South Korea may open its cryptocurrency market to foreign traders while tightening controls on money laundering. This was stated by Kim Seong-jin, head of the virtual assets department at the Financial Services Commission (FSC), according to local media. According to him, the regulator is exploring the possibility of easing restrictions on foreign market participants’ access […]

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ForkLog 34 26.03.2025

Google Play Blocks 17 Cryptocurrency Exchange Apps in South Korea

The Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission (FSC) reported the blocking of 17 foreign cryptocurrency exchanges on Google Play. Authorities expect this measure to prevent money laundering and potential harm to local users. The FIU confirmed that the requirement is linked to the “Act on Specific Financial Information.” Under this law, […]

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