In a move that could delay the return of short selling to the South Korean stock market, financial authorities are prioritizing the development of a new computer system designed to detect and prevent illegal short selling. This focus on system upgrades, estimated to take at least a year, has cast un
To safeguard investors, South Korean financial authorities are finalizing guidelines for listing virtual assets, commonly known as cryptocurrencies, on domestic exchanges. The new standards, expected to be announced by the end of the month, aim to bring greater transparency and accountability to the
Financial authorities in South Korea launched an on-site inspection at Crypto.com, a significant cryptocurrency exchange, on April 23rd, citing concerns about anti-money laundering (AML) controls. The inspection prompted Crypto.com to postpone the domestic launch of its services, initially planned f
Despite persistent inflationary pressures, the Korean government remains optimistic about reigning in escalating prices, even as concerns linger over the potential pitfalls of its price control measures.This year, Korea witnessed the highest increase in agricultural product prices, mainly for fruits
Choi Sang-mok, South Korea's Deputy Prime Minister and Minister of Strategy and Finance, has raised concerns over the Korean won's significant deviations from economic fundamentals in the global foreign exchange market. During his visit to Washington, D.C., for a meeting of finance ministers and cen
A petition on the South Korean National Assembly's website calling for the abolition of the financial investment tax has surpassed 50,000 signatures, triggering a review by the legislature's Political Affairs Committee.The petition's rise in prominence coincides with the recent election of an opposi
The Fair Trade Commission (FTC) of South Korea has launched on-site investigations into two major game companies, Gravity and Wemade, over allegations of manipulating the probabilities of obtaining certain in-game items.The probe follows complaints from users who suspect companies falsely advertisin
In the wake of a stunning defeat in the recent general election, the landscape for crucial economic policies appears fraught with uncertainty, setting the stage for a necessary reassessment in the corridors of power.With the ruling party grappling with diminished political clout following the electo
The future of token securities in South Korea is still being determined as legislation aimed at their institutionalization faces an uphill battle with the upcoming term change in the National Assembly.Token securities, digital representations of traditional securities on a blockchain, have been a po
South Korea's recent parliamentary election victory by the Democratic Party of Korea has reignited discussions on introducing a domestic Bitcoin spot exchange-traded fund (ETF). This development comes amid a global trend of increasing acceptance of cryptocurrency investment vehicles.The possibility
In a move to protect investors, South Korea's Financial Supervisory Service (FSS) announced that individuals offering investment advice on YouTube and chatrooms will be required to register as investment advisors starting August 13th.The new regulation comes after the revision of the Capital Markets
A petition calling for the postponement of cryptocurrency taxation in South Korea has garnered over 40,000 signatures, nearing the threshold for a mandatory review by the National Assembly.The petition, launched on March 21st, urges lawmakers to delay the implementation of crypto taxes until a more
National Assembly review pending with 50,000 signatures A groundswell of support has surged behind the national petition advocating for postponing cryptocurrency (coin) taxation, with signatures surpassing 39,000. In a significant turn, should the tally reach 50,000 by the 20th of this month, the Na
Candidates running for the 22nd National Assembly election are unable to provide a proper answer to the policies and vision for the digital asset market.As part of the Krypto Korea campaign, Block Media surveyed the digital asset market for candidates from the Democratic Party of Korea and the Peopl
South Korean internet giant Kakao has appointed Jeong Gyu-don, the former chief technology officer (CTO) of Kakao Bank, as its new CTO, sparking concerns about past stock sales and a potential return to controversial practices.Jeong, who served as CTO of Kakao Bank from 2016 to February 2023, exerci
A petition calling for the postponement of cryptocurrency taxation in South Korea has garnered over 34,000 signatures, nearing the 50,000 threshold required for mandatory review by the National Assembly.The petition, launched on March 21st, argues that coin taxation should be delayed until a more ro
It was found that 3.8 million voters in 88 constituencies among the National Assembly constituencies were more than 100% more interested in cryptocurrency than others.Metropolitan cities include Seoul, Busan, Daejeon, and Gwangju. Voters in Cheonan, Paju, and Pohang, which have 3.8 million voters, a
A petition calling for the postponement of cryptocurrency taxation in South Korea has garnered over 32,000 signatures. Launched on a national platform, the petition needs 50,000 signatures to trigger mandatory review by the National Assembly.The petition's author argues that cryptocurrency taxation
The Krypto Korea campaign policy seminar planned by Block Media was held at Gangnam Uncommon Gallery on the afternoon of the 29th.Industry officials who attended the seminar on this day unanimously said, “If Korea’s digital asset market strategy is well developed, it can achieve global competitivene
An annual threat to South Korea's stock market is unfolding as companies approach the March deadline to submit audited financial reports. This year, concerns are heightened due to the high number of firms at risk of delisting for failing to secure a clean "audit opinion" from external accounting fir