Circle Internet Group deepens its push into regulated cross-border payments with a new integration in South Korea, aiming to position USDC as a core settlement rail for enterprises and financial institutions.
South Korea's Financial Security Service has initiated a probe into a dramatic, short-lived price surge of the ZKsync token on the Upbit exchange, warning that coordinated 'buy walls' could lead to severe penalties under the country's strict crypto laws.
Investment firm Nan Fung Trinity (HK) Ltd. has established a significant new position in KT Corp, acquiring nearly 1.5 million shares in a move that signals strong confidence in the South Korean telecom leader's prospects.
A Seoul court has sentenced a cryptocurrency asset management CEO to three years in prison for orchestrating a $4.8 million wash trading scheme. The ruling comes as South Korean financial authorities deploy advanced AI surveillance tools to combat market abuse ahead of new corporate regulations.
Circle Internet Financial has partnered with Hecto Financial to integrate its blockchain-based payment network into South Korea's financial system, focusing on B2B and treasury flows. The move marks a significant step for regulated stablecoin adoption in Asia amidst a challenging period for Circle's stock.
South Korean financial regulators are deploying advanced artificial intelligence to monitor cryptocurrency transactions in real-time, aiming to detect and preempt market manipulation. The move, part of a broader crackdown, could see violators face severe penalties, including life imprisonment.
South Korean regulators are forming a task force to propose stricter anti-money laundering rules for cryptocurrency transactions by 2026, potentially removing minimum thresholds for identity disclosure to mirror traditional finance oversight.
South Korean e-commerce giant Coupang has confirmed a significant expansion of last year's massive data breach, with personal information of an additional 165,000 users compromised. The revelation comes as the company remains under intense government scrutiny for the initial incident that impacted over 33 million customers.
South Korea's parliament has agreed to pass a bill establishing a fund for U.S. investments by March 9, a move seen as crucial to defusing trade tensions and honoring a bilateral deal that promises $350 billion in investments.
The Trump administration raises tariffs on South Korean goods to 25%, citing Seoul's 'disproportionate' regulatory campaign against U.S. e-commerce leader Coupang. The move threatens to strain a key Asian alliance built on decades of security and economic cooperation.
Surging global demand for AI memory chips has ignited a record-breaking rally in South Korean equities, with Samsung Electronics and SK Hynix leading the charge and pushing the benchmark Kospi to unprecedented levels.
Amid renewed threats of steep US tariffs, South Korean officials are scrambling to salvage a key trade deal, with high-level talks in Washington failing to yield an immediate breakthrough.
The global K-craze has propelled humble dried seaweed, or gim, to international fame, but surging demand is driving up costs and putting a staple food out of reach for some Koreans.
A new Amnesty International report details how North Korean authorities are imposing arbitrary punishments, including public executions, on citizens caught consuming South Korean TV and other foreign media, with outcomes often determined by wealth and connections.
The cost to insure against swings in South Korean equities has surged to unprecedented levels relative to US markets, signaling deep investor anxiety after a historic rally fueled by AI optimism shows signs of fatigue.
A South Korean family's paper wealth soared past $800 million after their company, L&F Co., inked a landmark battery materials deal with Tesla. Less than two years later, a quiet regulatory filing slashed the contract's value by 99.9997%, a collapse tied directly to Tesla's production struggles with its Cybertruck and 4680 battery cells.
The Kospi index plunged over 5% in its sharpest drop since April, halting program trading and dragging down chip giants Samsung and SK Hynix. The selloff, fueled by global risk-off sentiment and doubts over AI spending, tests the resilience of one of the world's hottest equity markets.
A consortium of leading South African financial and tech firms has launched ZARU, a stablecoin pegged 1:1 to the South African Rand. The move is seen as a strategic response to the rapid adoption of dollar-denominated stablecoins and aims to keep local currency relevant in the digital age.
A consortium led by KKR and Singapore Telecommunications has agreed to acquire a majority stake in ST Telemedia Global Data Centres, marking the largest data center transaction in Southeast Asia to date and underscoring the region's strategic role in the AI-driven digital infrastructure boom.
Africa's largest mobile operator, MTN, is shifting its growth strategy towards targeted fintech acquisitions and a measured push into East Africa, signaling a broader transformation from a traditional telco into a diversified digital platform.
