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Kimchi premium recovers as KRWUSD drops to 15-year low
The Kimchi premium has seen a definite rebound after Christmas, recovering to 3.83% on Dec. 27. While this is still significantly lower than the 5.26% recorded on Dec. 22, it […]
South Korea’s crypto volumes spike as Woori eyes over $300 million Upbit exit
Woori Technology, a South Korean venture capital firm, is reportedly considering selling its stake in Dunamu, the parent company of the Upbit crypto exchange. Upbit is the largest crypto trading […]
CryptoQuant CEO compares South Korea’s hostile Bitcoin stance to ‘Gary Gensler situation’
CryptoQuant CEO Ki Young Ju has raised concerns about South Korea’s readiness to approve spot Bitcoin exchange-traded funds (ETFs). In a Nov. 26 post on X (formerly Twitter), Ju compared […]
South Korea links major crypto heist to North Korea, recovers Bitcoin
South Korean authorities have successfully recovered 4.8 Bitcoin (BTC), which was linked to the 2019 hack of the Upbit exchange, local media outlet Yonhap News reported on Nov. 21. The […]
South Korea investigates Upbit’s KYC violations amid market dominance concerns
The South Korean government has uncovered significant Know-Your-Customer (KYC) violations on Upbit, the country’s largest cryptocurrency exchange. On Nov. 14, local media reports indicated that the Financial Intelligence Unit (FIU) […]
South Korean police arrest YouTuber, 11 others in $231M crypto fraud case
South Korean police have arrested 12 suspects, including a prominent YouTuber, in connection with a $231 million crypto fraud that affected more than 15,000 investors, local media outlet Yna reported. […]
South Korea’s crypto exchange closures lock $13M in investor assets
More than 33,000 crypto investors in South Korea are currently unable to access their assets, which amount to around $13 million, due to the closure of several crypto exchanges in […]
Bitcoin Trades Below Global Prices In South Korea, Erasing Long-Standing ‘Kimchi Premium’
Este artículo también está disponible en español. Bitcoin (BTC) is trading slightly lower in South Korea compared to the global cryptocurrency markets due to a reverse ‘kimchi premium,’ not seen […]
South Korea investigates Upbit over market dominance concerns
South Korea’s Financial Services Commission (FSC) is set to investigate Upbit, the nation’s largest crypto trading platform, amid concerns about its dominant position in the market, as reported by local […]
Haru Invest CEO reportedly attacked during fraud trial in South Korea
Haru Invest CEO Hugo Hyungsoo Lee was attacked during his ongoing fraud trial at the Seoul Southern District Court, local media outlet Digital Asset reported on Aug. 28. According to […]