Korea

In a bid to curb capital flight, money laundering, and potentially risky speculation, the Financial Services Commission of South Korea has proposed an amendment restricting the use of domestic crypto credit cards for purchasing…

The South Korean Financial Services Commission (FSC) today (Thursday) published a legislative notice proposing a ban on cryptocurrency purchases using credit cards. If approved, the prohibitory rule will be imposed on the local citizens.The…

By Jack Kim SEOUL (Reuters) - South Korean and U.S. troops have conducted joint combat firing drills near the border with North Korea involving heavy weapons, as Pyongyang lambasted the allies for dangerous moves pushing the region…

© Reuters. FILE PHOTO: A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South…

By compelling influential political leaders and bureaucrats to share their virtual currency investments, South Korea hopes to heighten transparency surrounding public-sector finances. South Korea is set to begin disclosing the…

© Reuters. Indonesia and South Korea have finalized operational guidelines for a new local currency transactions (LCT) framework slated to begin in 2024, marking a significant step towards stronger financial integration between the…

Hacks and thefts are some of the drawbacks that come from the wider advantages of the crypto industry, due to the anonymity of crypto transactions. According to a new report, state-sponsored hackers from North Korea have stolen…

Japan's chief cabinet secretary Matsuno:No damage reported so far from North Korea missile launch.Japan will lodge protest to North Korea in the strongest possible terms.Will keep in close contact with allies.Will soon convene a national…

The Democratic Party of Korea, which holds 167 out of 300 mandates in the National Assembly, has made it mandatory for prospective candidates to disclose their virtual asset holdings before next year’s general election.According to the…

© Reuters. SEOUL (Reuters) - South Korea's stock market watchdog said on Sunday it found two Hong Kong-based investment banks had engaged in naked short-selling, which would likely result in record fines. The two unnamed investment…