South Korea Archives - Page 2 of 6

1 Billion KRW Korean Social Club ‘May Exclude People Who Made Money from Crypto’

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An exclusive new South Korean social club that caters to the super-rich and commands a KRW 1 billion ($734,290) annual membership fee could exclude people who made their fortunes from trading crypto, a report has claimed. A reporter from the South Korean newspaper Kookmin Ilbo visited the club, named DYAD Cheongdam, and wrote: “Not everyone […]

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Bithumb Launches Spinoff as Part of IPO Bid as More Banks Join Stablecoin Union

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The South Korean crypto exchange Bithumb is set to launch a spinoff company as it pushes ahead with an initial public offering (IPO) bid. The trading platform has indicated that it is still on track to debut on the KOSDAQ exchange in the first half of 2026. However, South Korean market insiders are reportedly wary

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Crypto Grows Up: Koreans Shift From Speculation to Strategy

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Korean virtual asset investors show a clear preference for Bitcoin ( BTC) as a primary holding, gradually diversifying into altcoins and stablecoins as they gain experience, according to a new study. Crypto Investors Typically Hold Two Coins A new study from the Hana Financial Research Institute highlights a significant trend among Korean virtual asset investors:

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South Korean Neobanking Heavyweights Kakao Bank, Toss to Expand Crypto Operations

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Kakao Bank and Toss Bank, two of South Korea’s biggest neobanking players, are set to expand their range of crypto and stablecoin-related operations. Per a report from Yonhap’s Infomax, Kakao Bank is set to broaden the range of its partnership with the domestic crypto exchange player Coinone. The top 5 coins by trading volume on

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Over Half of South Koreans Have Crypto Trading Experience – Survey

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More than half of South Koreans aged 20 to 59 have crypto trading experience, with one in four currently HODLing coins. The same survey found that current crypto owners say that tokens like Bitcoin (BTC) make up at least 14% of the total value of their financial assets. South Koreans: Crypto Trading on the Rise?

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South Korea Dominates Global Markets in H1 With Crypto Push

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Key Notes Fueled by President Lee Jae-myung’s pro-crypto stance, South Korea’s Kospi index surged nearly 30% in H1 2025. With over a quarter of the adult population owning digital assets, crypto adoption is growing. Eight major South Korean banks are collaborating on a won-pegged stablecoin project set to launch by 2026. South Korea has emerged

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Korean Stocks Soar on President Lee’s Won-Backed Crypto Pledge, Kakao Pay Doubles

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South Korea’s stock market has surged on a wave of enthusiasm for won-pegged digital assets after newly elected President Lee Jae-myung pledged support for stablecoins backed by the national currency. Key Takeaways: South Korea’s Kospi index surged nearly 30% YTD over the past week. The rally is driven by President Lee’s pledge to support won-backed

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South Korean Lawmaker Proposes ETF Bill to Include Virtual Assets

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Key Takeaways: A bill proposes expanding South Korea’s Capital Markets Act to include digital assets as underlying ETF assets. Trust companies could legally hold and manage digital assets, under clearer rules for delegation and custody. Some industry figures warn that brokering derivatives tied to digital assets requires rigorous risk controls. Min Byung-deok, a member of

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Kakaopay Stock Plunges 17% as Korean Exchange Suspends Trading Over Stablecoin Exposure

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South Korean fintech giant KakaoPay crashed 17% on June 27 as trading resumed after the Korea Exchange suspended the stock for the second time in a week due to rising skepticism about won-pegged stablecoin. According to Bloomberg, the exchange designated Kakaopay as an “investment risk” due to extreme volatility, but the underlying cause runs much

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Korean Central Bank Advocates Measured Stablecoin Approach

Leave a Comment / Bullish, Regulation, South Korea, Stablecoin / best time

South Korea’s central bank is advocating for a phased introduction of won-denominated stablecoins, initially prioritizing regulated commercial banks for their issuance. Stablecoins Could Significantly Influence Korean Monetary Policy South Korea’s central bank is advocating for a phased introduction of won-denominated stablecoins, prioritizing rigorously regulated commercial banks for initial issuance. According to Ryoo Sang-dai, senior deputy

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