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South Korea
446 TokenPost stories are tagged South Korea. The newest appear first.
Latest South Korea stories
- South Korea Requires Crypto Exchanges to Keep at Least 80% in Cold Wallets
The Nov. 2 meeting cited the Binance attack as a security example. Upbit’s ratio was above 99%, while DigitalX and Gopax were a little above 80%.
· Regulation
- South Korea’s 21.3 Trillion Won Tech Package Faces Budget Review
A National Assembly analysis calls for stronger planning and oversight of 8.9 trillion won in spending for three megaprojects and related infrastructure.
· Regulation
- South Korean Bill Would Give Exchanges One Year to Review Supported Assets
The proposal also sets a six-month priority review for assets deemed to pose significant risks to user protection or market order.
· Regulation
- South Korea’s October Exports Rise 93.7% as Chip Exports Surge
Semiconductor export sales climbed 259.4% to $56.44 billion. Computer exports rose 496.6% as demand grew for servers used by AI services.
· Business
- Bank of Korea Surveys 31 Firms on Virtual-Asset Business and Risks
The Oct. 23 questionnaire covers firms’ market-entry status, budgets and responses to hypothetical market disruptions.
· Business
- South Korea’s KOSPI Opens 1.62% Lower as Samsung Shares Fall 2%
SK Hynix also edged lower at the start of trading.
· Investing
- Gyeonggi Suspends Stablecoin Study, Putting February 2027 Goal at Risk
The study began in July 2026 and had made no substantive progress before the pause.
· Regulation
- South Korea’s Financial Regulator to Review Security With Five Bank Chiefs
The meeting is set for 8 p.m. ET Wednesday, Nov. 4 (1 a.m. UTC Thursday, Nov. 5), with AI-related threats on the agenda.
· Regulation
- DAXA Seeks to Block Access to Two Crypto Operators in South Korea
The request targets websites and apps tied to two of three identified operators.
· Regulation
- NH Nonghyup Bank Signs Digital-Asset Payments MOU With MoonPay, Finger
A planned proof of concept will examine links to card merchant networks and assess remittance, corporate payment and settlement services. No launch date has been announced.
· Business
- Ransomware Attacks on Synology NAS Users in South Korea Demand Bitcoin
The initial demand is 0.036960 BTC for a decryption tool and doubles after five days. Synology urged users to update older DSM versions.
· Technology
- Microsoft Finds North Korean Group Made 100+ PDF Decoys With AI
Three of the eight groups Microsoft assessed ranked in its highest AI-use tier. Some batches of tailored documents were produced within minutes.
· Technology
- South Korea Seeks to Restrict Domestic Access to Two Crypto Operators
The Digital Asset eXchange Alliance (DAXA) referred all three organizations for investigation over suspected reporting violations. Average fees at the investigated operators ranged from 1.5% to 10%.
· Regulation
- South Korea’s KOSPI Falls 3.5% as SK Hynix Drops About 7%
Japan’s Nikkei 225 also closed lower, losing 2.12% to 63,290.11.
· Investing
- South Korea’s KOSPI Falls 2.2% to 5,635.91 Points Intraday
The index was down from an opening level of 5,760.35 points during the session.
· Investing
- Bithumb Opens Compensation Process After Customer Data Breach
The company identified information tied to 6,444 customers and said its trading services and asset database were unaffected.
· Technology
- Bithumb Says Breach Exposed Data of 6,444 Users, Most Was Encrypted
Information for 844 users was readable, and data tied to 715 employees and partner personnel was also exposed.
· Technology
- South Korean Prosecutors Search Bithumb Again in Housing Funds Probe
The search follows a March 2025 search in the same investigation. A regulator previously found ₩11.6 billion in housing deposits for four current and former executives.
· Regulation
- South Korean Court Rejects Tesla FSD Refund Claims From 89 Owners
The owners sought refunds over delays in additional Full Self-Driving features. The court found Tesla had not breached its contract.
· Regulation
- South Korea’s Ruling Party Plans Talks on Delaying Crypto Tax to 2029
Representatives of Upbit, Bithumb, Coinone, Korbit and Gopax are expected at Friday’s discussion in South Korea.
· Regulation
- FuriosaAI Raises $620 Million to Expand AI Chip Production
The South Korean chipmaker targets more than 40,000 RNGD accelerators in 2027 and is developing its next processor with Broadcom.
· Business
- South Korea's KOSPI Falls 3% as Samsung Shares Drop Nearly 6%
The index stood at 5,831.67 points, while SK hynix slipped 0.4%.
· Investing
- South Korean Exchange Prabang Suspends Service After Hot Wallet Breach
The exchange put preliminary losses at about $70,000 and pledged to compensate customers in full after verifying the amount.
· Technology
- Daishin Securities Breach Exposes Data on 38,490 Customers
The attack exposed names, email addresses and mobile phone numbers. Bithumb and Mirae Asset Global Investments also had separate cybersecurity incidents Wednesday.
· Technology
- Japan Bought $389 Million in Treasurys as South Korea Sold $23.8 Billion
The figures cover January through August 2026. Weaker local currencies, higher domestic yields and U.S. policy uncertainty formed part of the backdrop.
· Investing
- Wedbush Raises SK hynix Price Target to 3 Million Won After Record Q3
The firm lifted its target from 2.56 million won after stronger-than-expected memory chip prices, rising shipments and increased shareholder returns.
· Business
- South Korea Fines Apple $15.5 Million and Google $32 Million
The penalties total $47.5 million. The regulator also ordered both companies to allow in-app links to external payment options and improve app reviews.
· Regulation
- SK Hynix Shares Jump 12% as Market Value Nears $1.2 Trillion
Shares were quoted at $162.810 apiece at 11:24 a.m. ET Wednesday, with the company valued at $1.19 trillion.
· Investing
- South Korean Regulators Begin Bithumb Inspections After Breach Report
Customer information exposure remains under investigation. The review focuses on an employee-support system.
· Technology
- SK hynix Reports Record Third-Quarter Revenue Above 100 Trillion Won
Revenue totaled 104.6155 trillion won, while operating profit rose 632% year over year to 83.3338 trillion won.
· Business
- Bithumb Investigates Whether Breach Exposed Customer Data
The exchange disclosed unauthorized access to an employee mobile system and a personal-information leak. It has not determined whether customer records were exposed.
· Technology
- Bitcoin Reaches $81,687 as Wilson Sees a New Bullish Phase for Tech Stocks
Bid liquidity clustered around $79,000 and $80,000 as South Korea’s KOSPI rose 6.63% and U.S. technology shares rebounded.
· Investing
- South Korean Police Open Probe Into Bithumb, Securities Firm Hacks
The incidents include exposure of personal and credit information belonging to 38,490 Daishin Securities customers. Bithumb is checking whether member information was also affected.
· Technology
- South Korea’s Media Commission Has Not Decided on Google, Apple Penalties
The case concerns a 2021 law amendment; an October 2023 proposal sought maximum fines of 47.5 billion won for Google and 20.5 billion won for Apple.
· Regulation
- South Korea Weighs Delaying Virtual-Asset Income Tax Until 2029
The presidential office is leaning toward a two-year shift. Any change to the Jan. 1, 2027, start date requires National Assembly approval.
· Regulation
- Bithumb Checks for Customer Data Exposure After Employee Breach
The exchange confirmed employee information was exposed but has not disclosed how many workers were affected or what records were involved.
· Technology
- Bithumb Says Staff System Breach Was Separate From Trading Platform
The South Korean exchange is investigating whether customer information was taken and has reported no crypto losses.
· Technology
- Tech Stocks Retreat as AI Debt Financing Tops $500 Billion
Hyperscale cloud companies' financing costs have risen about 120 basis points, while technology volatility pricing reached the 98th percentile of its five-year range.
· Investing
- Kioxia Shares Rise 16% in Biggest One-Day Gain in Nearly 12 Weeks
Samsung Electronics gained 9.5%, SK Hynix rose 10% and the KOSPI advanced 6.6%.
· Investing
- South Korea’s KOSPI Jumps 6.6% as Samsung, SK Hynix Rally
Samsung Electronics rose 9.5%, while SK Hynix gained 10%, both outpacing the index.
· Investing