Bank of Korea Governor Rhee Chang-yong warns of the risks associated with unregulated won stablecoins, including potential capital outflow and challenges in money supply control, w...
Hyungji Global announces the development of Hyungji Pay and the stablecoin Hyungji Coin, aiming to connect 2,000 stores and 6 million customers across 20 brands, with a sales targe...
The Bank of Korea pauses its CBDC project amid growing interest in stablecoins, highlighting a potential shift in the country's digital currency strategy and the evolving dynamics ...
South Korea and the U.S. are developing diverging strategies on stablecoins, with implications for global finance. South Korea focuses on regulation and domestic efficiency, while ...
The Democratic Party of Korea is set to propose the "Digital Asset Innovation Act" next month, aiming to institutionalize the digital asset market by categorizing it into nine sect...
South Korea's ruling party proposes the "Digital Asset Basic Law," aiming to innovate the digital asset sector by classifying assets, allowing ICOs, and establishing new regulatory...
Korean commercial banks are pushing for regulatory approval to enter the virtual asset industry, aiming to issue won-based stablecoins and expand into digital asset management. The...
South Korea's President Lee Jae-myung is set to revolutionize the country's digital asset landscape with policies promoting virtual assets, including the introduction of spot ETFs ...
