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South Korea
445 TokenPost stories are tagged South Korea. The newest appear first.
Latest South Korea stories
- South Korea’s FSS Plans Standards to Restrict Active-Duty Soldier Loans
Loans from the top 30 registered lenders reached $18.1 million at the end of 2025, up from $260,000 at the end of 2022. The FSS also plans financial education measures.
· Regulation
- Coinone Discloses MetaM Server Breach Involving Customer Support Data
Potentially affected records span 11 data categories, and the exchange has not disclosed how many customers may be involved. Coinone plans to notify customers or offer a breach lookup service.
· Technology
- South Korea Expects Nvidia GPU Deliveries Under Contracts to Continue
About 13,100 Nvidia B200 GPUs have been deployed in the country, and plans to introduce Vera Rubin GPUs are expected to proceed as planned.
· Technology
- Almonty Posts C$41.9 Million Revenue as Sangdong Ships First Tungsten
Net income reached C$50.2 million, including C$47.9 million in noncash revaluation gains that did not affect operating performance, cash flow or liquidity.
· Business
- South Korean Lawmaker Urges Crypto Bill Passage by Jan. 9
민병덕 tied his proposed Jan. 9, 2027, target to a U.S. stablecoin regime scheduled to take effect Jan. 18.
· Regulation
- South Korea Seeks to Finalize Digital Asset Basic Act by Early January 2027
Democratic Party lawmaker 闵炳德 opposes a bank ownership threshold for Korean won stablecoin issuers and proposed a tax delay to 2029 with three-year loss carryforwards.
· Regulation
- DeepX Plans More Than $100 Million for AI Chip Using Samsung's 2-Nanometer Process
DeepX has completed the DX-M2 design and submitted it to Samsung's foundry division. It expects first samples before March 2027 and targets mass production in 2028.
· Business
- South Korean Court Records First Confirmed Conviction Without Regulator Referral
The conviction under the Virtual Asset User Protection Act followed a fake token investment scheme that collected about $375,000 from 14 victims.
· Regulation
- Bithumb Plans to Add DNA to Its Korean Won Trading Market
The planned listing is set for Friday, Nov. 13, and would give DNA a market quoted in South Korea’s currency.
· Business
- Sanctum (SANC) Rises 112.97% in 15 Minutes, Briefly Hits 0.13 USDT
A market snapshot quoted SANC at 0.1 USDT. Upbit plans markets against the Korean won (KRW), Bitcoin (BTC) and Tether (USDT).
· Investing
- Upbit to Add SANC Markets Against Won, Bitcoin and USDT
The three pairs are SANC/KRW, SANC/BTC and SANC/USDT.
· Business
- South Korea’s KOSPI Rises 2.05% as Chipmakers Gain More Than 3%
SK Hynix and Samsung Electronics each advanced more than 3% in early trading Friday.
· Investing
- SES AI’s Chungju Line Reached One Million Drone Cell Capacity
The South Korea line had been operating since early October and was producing and delivering cells by the third-quarter update.
· Business
- DETO 2026 Schedule Includes DIPS Startup Demo Day Session
The Seoul event was scheduled for Nov. 10-12 at Grand Hyatt Seoul. Startup Battlefield selects 200 companies to exhibit at Disrupt.
· Business
- Samsung Advances HBM Packaging Plant Opening by One Year
The Asan line is scheduled to begin operating in June 2028 and will make HBM4E and other next-generation memory products.
· Business
- Nscale Plans at Least Two AI Data Centers in South Korea
Nscale established Nscale Services KR in July to manage local investment, development and operations. The Gumi project’s original first-phase plan called for 300 megawatts of capacity.
· Technology
- Lee Attends Samsung Electronics Groundbreaking at Asan Campus
The Nov. 12 event took place at the company’s Onyang campus as South Korea pursues a wider semiconductor expansion.
· Technology
- South Korea’s FSC to Permit Crypto Exchange Freezes on Suspected Hacks
The commission decided to issue a no-action opinion but gave no issuance date, freeze duration or detailed conditions. It also called for continuous monitoring and stronger wallet safeguards.
· Regulation
- South Korea Plans to Let Crypto Exchanges Suspend Deposits and Withdrawals
The proposed no-action letter would permit preventive suspensions before a breach is confirmed. The FSC also called for round-the-clock monitoring, higher cold-wallet holdings and stronger insurance coverage and reser…
· Regulation
- Dunamu Says Tokenized Stock Service Is Technically Ready
The Upbit parent says it can launch once South Korean rules allow. One lawmaker urged passage of the proposed Digital Asset Basic Act by Jan. 18, 2027, while another cautioned against rushing it.
· Regulation
- South Korea’s Draft Could Put Banks at Center of Won Stablecoin Issuance
The proposal may leave exchanges and payment platforms to handle circulation. A possible Dunamu-Naver Financial integration could shape access for users and merchants.
· Regulation
- KORU Gains 18.45% as Direxion’s 3X Target Applies for One Day
KORU closed at $8.54 on Wednesday, Nov. 11. The fund’s stated 300% return objective is measured against a single day of index performance.
· Investing
- South Korean Government to Discuss KOSDAQ Revival at Nov. 13 Meeting
The agenda includes measures to improve corporate value alongside steps to revive the KOSDAQ market.
· Regulation
- South Korea Aims to Cultivate 20 AI Unicorns and One Decacorn by 2030
Final-stage companies would receive at least 10 billion won each for research and commercialization. The plan also links AI semiconductors, cloud, large language models and services in an integrated demonstration system.
· Regulation
- HYPE Trading Value on Bithumb Reaches 5.8 Times Bitcoin’s Turnover
HYPE generated about $220 million in 24-hour turnover. A 10-minute burst accounted for 96.7% of Bithumb’s HYPE turnover through a Nov. 11 snapshot.
· Investing
- South Korea Imposes Record 1.63 Trillion-won Fine on 15 Bond Dealers
The KFTC found coordination or bid-information exchange in 150 auctions from January 2020 to June 2023; 145 involved agreements on specific bid yields or volumes.
· Regulation
- Hedge Funds Log Deepest Global Equity Retreat in More Than a Decade
Asia’s fundamental stock pickers led the retreat, while leverage across all prime-brokerage clients stayed at 314.2%, the 85th percentile of the past year.
· Investing
- South Korea's FSI Breach Exposes Employee Data and Prompts Review
The breach exposed about 300 records with financial institution employees’ names and birth dates, plus roughly 350 masked contact details.
· Technology
- South Korean Lawmaker Calls for Scrapping Planned Crypto Gains Tax
Song Eon-seok says the plan would confuse and burden investors, citing differences in tax treatment and challenges tracking overseas transactions and crypto purchase prices.
· Regulation
- LBank Dispute Centers on Trader’s Claim of About One Million Tether (USDT)
LBank says unusual-trading controls flagged the account and that its deposits were withdrawn in full before the trader spoke publicly.
· Business
- Upbit and Bithumb Flag WAVES, Suspend Deposits and Withdrawals
The South Korean exchanges cited a security incident; Bithumb plans to announce Dec. 7-11 whether it will extend the warning, lift it or end trading support.
· Business
- South Korea FSS Says Payment Stablecoins Fall Under Electronic Financial Transactions Act
Pending legislation would shape South Korea’s framework for stablecoin-linked payments.
· Regulation
- Upbit Opens HYPE Trading in Three Markets in South Korea
Trading began at 1 a.m. ET (06:00 UTC) in Korean won, Bitcoin and Tether markets.
· Business
- Bithumb Set Nov. 10 KRW Markets for HYPE and CARDS
The announcement listed separate markets for each token and included opening times and reference prices.
· Business
- Upbit Plans HYPE Trading Across Won, Bitcoin and USDT Markets
The planned listing would let Upbit users trade HYPE against the Korean won, Bitcoin and Tether (USDT).
· Business
- South Korea’s KOSPI Climbs 4.39% to Close at 5,239.13
The benchmark added 220.28 points on Tuesday, Nov. 10, in a sharp advance across a major Asian market.
· Investing
- Anthropic Notifies South Korean Regulator of Data Exposure in About 100 Business Accounts
South Korea’s privacy regulator was conducting a preliminary review as of Nov. 9. Anthropic employee Lydia Hallie said prompts, Claude’s responses and payment details were not accessed.
· Technology
- NVIDIA Backs Point2 Technology, Plans Three More Korean AI Investments
The company named Motif Technologies, RLWRLD and Upstage for planned investments at a Seoul forum attended by more than 20 startups.
· Business
- South Korean Police Begin Moving Seized Crypto to Upbit Custody
The assets will be kept in offline wallets. Dunamu will cover transfer charges and 100% of losses involving assets in its custody.
· Regulation
- Nvidia Details South Korean Projects for Factories, Robots and Self-Driving
The company described physical AI as an important direction for the next phase of the AI industry and outlined work with South Korean companies.
· Technology