South Korean cryptocurrency investors have dramatically reduced their holdings over the past year, with total crypto assets falling to 60.6 trillion won ($41.4 billion) by the end of February 2026 — a drop of more than half from 121.8 trillion won ($83.3 billion) recorded in January 2025. The data, reported by The Chosun Daily and […]
South Korean investors have dramatically reduced their cryptocurrency exposure over the past year, with total holdings falling from $83.3 billion to $41.4 billion as capital rotated into the stock market. The 50% decline reflects both falling crypto prices and a broader shift in investor sentiment toward traditional equities. Market data reveals steep decline According to […]
Shinhan Card, one of South Korea’s largest credit card issuers, has signed a memorandum of understanding with the Solana Foundation to advance the testing of stablecoin payments and explore non-custodial wallet integration. The partnership builds on an earlier proof of concept completed in early April and aims to assess the commercial viability of blockchain-based payments […]
South Korean prosecutors have requested a 20-year prison sentence for the CEO of crypto deposit service Delio, Jeong Sang-ho, accusing him of orchestrating a $169 million fraud that left nearly 2,800 investors unable to access their funds. The request was made during closing arguments at the Seoul Southern District Court on Thursday, under the Act […]
SEOUL, South Korea – In a significant development for Asia’s digital asset markets, major cryptocurrency exchange Bithumb has pushed its initial public offering (IPO) timeline back to sometime after 2028. This marks the second major delay for an offering initially targeted for 2025. According to a report from Maeil Business News Korea, the exchange will […]
Samsung SDS, the information technology services arm of Samsung Group, has secured a contract to build and operate a blockchain-based token securities platform for the Korea Securities Depository (KSD), according to local reports. The project marks a significant step in South Korea’s push to modernize its financial market infrastructure ahead of a new legal framework […]
Samsung Electronics became the second Asian company to reach a $1 trillion market valuation on Wednesday, as shares surged more than 10% amid a sustained artificial intelligence-driven boom in semiconductor demand. The milestone places the South Korean tech giant alongside Taiwan Semiconductor Manufacturing Company (TSMC) as the only Asian firms to cross the trillion-dollar threshold. […]
South Korea's cryptocurrency industry has raised alarms over proposed Anti-Money Laundering (AML) rule changes, warning that the new requirements could overwhelm exchanges with an estimated 5.4 million suspicious transaction reports annually, according to a Yonhap News report on May 4, 2026. The Digital Asset eXchange Alliance (DAXA), representing 27 registered virtual asset service providers (VASPs) […]
SEOUL, South Korea – Authorities have hit cryptocurrency exchange Coinone with a substantial penalty. The Financial Intelligence Unit (FIU) has fined the platform 5.2 billion won ($3.5 million) and ordered a three-month partial suspension of its business. This action, reported by multiple local media outlets on April 14, 2026, stems from serious failures in anti-money […]
SEOUL, South Korea – The Bank of Korea is pushing lawmakers to mandate emergency “circuit breakers” for cryptocurrency exchanges, a direct response to the staggering market fallout from Bithumb’s $40 billion Bitcoin distribution error earlier this year. This regulatory move signals a significant shift in how South Korean authorities view the risks inherent in digital […]
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