76 articles
TLDR South Korea is considering an education tax on crypto exchanges if they are reclassified as financial businesses under the Digital Asset Basic Act. Upbit operator Dunamu could owe about…
South Korea's stock market has seen wild swings as the global AI trade drives investor sentiment. Jung Yeon-je/AFP/Getty Images Semiconductor stocks are now moving global markets more than oil, Goldman…
Asia firms into Tokyo lunch: Japan and Korea stocks rise, AUD and NZD gain after Nasdaq lead Ethereum Foundation “dump” is a $6.4m treasury sale, not a crisis South Korea…
South Korea’s KOSPI rose 4.53% from Monday’s close to 5,717.30 on Tuesday morning. The jump made the Korea Exchange pause program buying for five minutes, its second brake in six…
The strength of the beat, and the KOSPI sidecar on a sharp rally, underline how heavily Korean assets now trade on the AI chip cycle. That cuts both ways: it…
TL;DR: A $2.7 million exploit involving bridged assets triggered the halt of the Initia blockchain on October 23. Bithumb and Upbit designated INIT as a caution asset on October 26,…
The Seoul government is reportedly weighing another delay for a 2020 income tax policy on digital assets, citing concerns with receiving data from US officials.
Officials are concerned users of domestic exchanges would bear the tax burden because the U.S. won’t share crypto trading data until 2029.
Bitcoin Magazine South Korea Weighs Fourth Delay of Crypto Tax, With 2029 Start Tied to U.S. Data Sharing South Korea’s presidential office is reviewing a fourth postponement of the country’s…
TL;DR South Korea is considering postponing its crypto capital gains tax until 2029, although it is currently scheduled to take effect in January 2027. The 22% tax would apply to…
Goldman Sachs has cut its 12-month KOSPI target by 25%, to 9,000 from 12,000. The new figure returns the bank to where it stood before its June 3 upgrade. The…
TL;DR South Korea plans to amend its Foreign Exchange Transactions Act this year to regulate stablecoins as payment instruments and improve monitoring of cross-border digital asset transfers. The Bank of…
South Korea's Kospi was flat overnight, suggesting some steadying in the AI trade. Nasdaq 100 futures are steady as well, but oil continues its climb.
South Korea is currently developing the Digital Asset Basic Act, which seeks to establish a comprehensive framework for crypto.
SK Hynix halted an initial public offering (IPO) review for its Solidigm unit, which still needs a new US fab. Shares dropped as much as 3% before recovering most of…
Investors are increasingly questioning whether the billions being poured into AI infrastructure will generate sufficient returns. Michael M. Santiago/Getty Images The global tech selloff is hitting IPO plans, with even…
South Korea’s Digital Asset Basic Act is close to completion, according to Lee Eog-weon, chairman of the Financial Services Commission. However, a debate over the country’s crypto tax is intensifying.…
TL;DR South Korea’s Digital Asset Framework Act is in the final stage of government consultations, but the draft has not yet been formally introduced or enacted. The planned framework is…
Bitcoin Magazine Square Tech and GOAT Network Sign MOU to Advance AI Agent-Powered Stablecoin Payments in South Korea Square Tech to explore AI agent-powered payment solutions as part of its…
South Korea's Kospi tumbled 3.5% overnight, and oil gained nearly 3% on renewed Middle East hostilities.
The Bank of Korea (BOK) held its benchmark rate at 3.00% on Thursday after two straight hikes. A 222.5% surge in early October chip exports keeps a November increase in…
With the remaining 39% ownership of Demora Foundation, consolidating 100% ownership of its institutional blockchain infrastructure, JP3E advances the K2Global SMB 500 initiative TRENTON, New Jersey, and SEOUL, South Korea,…
The collaboration will explore card-linked merchant payments for Japanese visitors in South Korea and peer-to-peer wallet transfers among broader cross-border trade remittances.
South Korea data center player Elice surged 30% after plunging about the same amount following its IPO one day earlier.
