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South Korean Crypto Trading Volume Drops to 10% of KOSPI Levels
The South Korean virtual asset market is experiencing a significant contraction in retail participation, with recent data revealing that domestic trading volumes have fallen to just one-tenth of the KOSPI’s turnover. Th…
South Korea’s Crypto Tax Repeal Petition Reaches 50,000 Signers
A nationwide movement in South Korea to halt the implementation of virtual asset taxation has gained significant momentum, reaching a critical legislative milestone. According to reports from the Seoul Economic Daily, a…
South Korea Probes Polymarket Over Potential Illegal Gambling Violations
The South Korea Communication Standards Commission (KCSC) has officially initiated a regulatory review of Polymarket, a prominent global decentralized prediction market. According to reports from Bloomingbit on May 22, …
Bitcoin Kimchi Premium Hits 1.98 Peak as Korean Demand Surges
The South Korean cryptocurrency market is witnessing a significant resurgence in retail interest as the Bitcoin Kimchi Premium reached its highest level since late February. On May 7, the metric climbed to 1.98, signali…
South Korea Taps Private Custodians to Manage Seized Crypto Assets
The South Korean National Tax Service (NTS) has officially launched a pilot program to entrust the management and safekeeping of seized virtual assets to private cryptocurrency custodians. This initiative marks a signif…
South Korea to Implement Virtual Asset Tax on January 1, 2025
The South Korean government has officially confirmed its intention to proceed with the taxation of digital assets starting January 1, 2025. During a recent emergency discussion meeting, Moon Kyung-ho, the head of the in…
South Korea Moves to Tighten Crypto Foreign Exchange Regulations
The South Korean National Assembly’s Legislation and Judiciary Committee has officially passed an amendment to the Foreign Exchange Transactions Act, marking a significant shift in the country's oversight of digital ass…
South Korea’s FSC Targets Crypto Market Manipulation and API Misuse
The Financial Services Commission (FSC) of South Korea has intensified its crackdown on illicit activities within the digital asset sector by referring suspects from two major market manipulation cases to investigative …
South Korea Confirms Preparations for Virtual Asset Tax in 2027
The South Korean National Tax Service (NTS) has officially initiated administrative preparations to implement a taxation framework for virtual assets starting January 1, 2027. During a briefing held on April 29, 2026, P…
South Korea’s Democratic Party to Propose New Stablecoin Legislation
The South Korean Democratic Party has announced its intention to introduce a comprehensive stablecoin regulatory bill following the local elections scheduled for June. Kim Hyun-jung, a key member of the party’s digital …