South Korean internet giant Naver Corp. has released CLOVA X, a Korean language chatbot similar to ChatGPT that can have conversations and summarize text.
GenZ in South Korea prefer XRP and other altcoins to BTC and ETH: Report
A report from a local South Korean publication found that 20% of GenZ investors in the country have XRP as their most selected altcoin.
South Korean city to seize crypto from thousands of tax evaders: Report
City authorities of Cheongju are looking to seize cryptocurrency from anyone who owes at least $750 in crypto taxes to the government.
SEC seeks to question Terraform Labs co-founder Daniel Shin in Korea
The SEC seeks to question Daniel Shin on Do Kwon and Chai Corporation’s relationship with Terraform Labs.
Anthropic AI raises $100m from South Korea to bolster telecommunications industry
The Google-backed AI developer Anthropic raised $100 million in funding from South Korean telecommunications giant SK Telecom to bolster industry.
South Korea arrests Bitsonic CEO for allegedly stealing $7.5M of users’ money
The vice president of the crypto exchange will also be put on trial without preliminary detention.
Korean superconductor LK99 joins memecoin craze
The world’s supposed first room-temperature ambient pressure superconductor already has a memecoin.
Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report
Jeju, Busan and Incheon are in the running to be considered.
South Korea to pilot CBDC in one of these three cities, not Seoul
South Korea pushes forward with its CBDC pilot and targets three potential test regions for issuing and distributing the digital currency.
South Korea to pilot CBDC in one of these three cities, not Seoul
South Korea pushes forward with its CBDC pilot and targets three potential test regions for issuing and distributing the digital currency.
Curve Finance’s Token Surges 500% on Bithumb After Over $100M Exploit
The CRV/KRW pair listed on South Korea’s Bithumb exchange has decoupled from the CRV/USD pairs listed on Western exchanges that exhibit price weakness.
South Korea strengthens crypto regulation with LEI adoption and crime unit
The decision was driven by the country’s concern over illicit activities in the crypto market and the desire to safeguard investors.
Korean banks to research the stablecoins alternative
Hana Bank plans to conduct research on certificate of deposit tokens, while Woori Bank’s research department has already recently released a report on them.
Terraform Labs appoints new CEO from existing team: Report
Chris Amani, a Terra employee since 2021, has reportedly been serving as the company’s CEO for months.
South Korean central bank charts out future course of payment systems, CBDC
The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country.
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project.
Ripple’s major success in its court battle with the SEC: Law Decoded, July 10–17
Ripple Labs scored a partial victory in its lengthy legal battle with the United States Securities and Exchange Commission, which dates back to 2020.
South Korea to ask firms to disclose crypto holdings from 2024
After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings.
South Korea Wants Companies to Disclose Crypto Holdings
Companies that issue or own crypto will have to make disclosures in their financial statements from next year onwards, say draft rules.
Legal proceedings start for Terraform Labs co-founder in South Korea: Report
Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin’s trial preparations in South Korea are reportedly underway.