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South Korean Banks Expand Crypto Partnerships Amid Loan Restrictions
Major South Korean financial institutions are increasingly pivoting toward the digital asset sector to offset shrinking profit margins caused by strict household debt controls and domestic loan restrictions. According t…
South Korea’s Daegu City to Seize Crypto Assets from Tax Evaders
The municipal government of Daegu, South Korea, has announced an intensive campaign aimed at recovering local tax arrears and uncovering hidden wealth. According to reports from the Yonhap News Agency, authorities are s…
South Korea Tax Agency to Hire Professional Crypto Custodians
The South Korean National Tax Service (NTS) has announced plans to transition the management of confiscated digital currencies to professional private custody providers. This strategic shift, scheduled to be implemented…