korea

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "LoL: Chinese Taipei vs. South Korea (BO5) - Asian Games Playoffs," the "Yes" option for the sub-market "Both teams kill a dragon" has experienced a drastic fluctuation in winning probability, soaring from 50% an hour ago to the current 90.5% (a fluctuation of 40.5%). Please note the impact of related breaking news.

The Financial Services Commission of South Korea has proposed regulatory guidelines for the issuance and trading of security tokens, intending to allow stocks, bonds, funds, and certain fractional investment securities to be issued and circulated in token form. The relevant regulatory framework is scheduled to take effect on February 4, 2027.According to the proposal, securities token issuance companies that directly manage client accounts must have a paid-in capital of at least 4 billion Korean Won and be equipped with dedicated compliance and technical personnel. The revision of capital market regulations will also introduce an over-the-counter trading license for bonds and limit individual investors' annual net purchases at each over-the-counter exchange to within 100 million Korean Won.The proposal will be open for public consultation from Friday until November 11, after which it will enter the approval process. South Korea previously announced a roadmap to advance the transition of securities issuance and trading to distributed ledger infrastructure in three phases.

According to the official announcement, Bithumb will launch the US Korean Won trading pair, with trading expected to open at 15:00 local time.

The Financial Services Commission (FSC) of South Korea has announced a draft amendment to the regulations related to the institutionalization of Token Securities, planning to expand the range of securities that can be tokenized to include traditional securities such as stocks, bonds, and funds.According to the draft amendment, traditional securities can also be tokenized, except for fragmented investment securities (non-monetary trust beneficiary securities, investment contract securities).The relevant electronic securities regulations will also clarify the requirements for distributed ledgers, stipulating that participants must include electronic registration institutions and at least two account management institutions, and prohibit the use of distributed ledgers for direct payment of electronic registration purposes.

LG Electronics will invest 150 billion won in the artificial intelligence data center cooling business.

CoinBureau cites on-chain investigator ZachXBT, stating that suspected North Korean attackers are using Zcash to obscure the stolen funds from Bitget. Approximately 2,700 ZEC, worth about 3.8 million dollars, have begun to be transferred to Zcash's Ironwood.These stolen ZEC are being moved into a shielding pool, where transaction details can be hidden. In a security incident involving various assets totaling about 388 million dollars, approximately 18,900 ZEC, worth about 28.3 million dollars, were stolen. Previously, Bitget's CEO Gracy Chen expressed that she is "not very optimistic" about recovering the stolen funds.

According to Insurance Journal, blockchain analysis company Elliptic disclosed that it has tracked over 50 security incidents related to North Korea, with a total of approximately $1.2 billion stolen this year.Some of the stolen funds from Bitget overlap with the associated addresses from last year's $1.5 billion theft incident at Bybit exchange. Initial on-chain money laundering patterns indicate that the Bitget incident was carried out by the hacker organization TraderTraitor.

The tokenized asset data platform RootData has officially reached a strategic cooperation with Coinone, a mainstream cryptocurrency exchange in South Korea. According to the cooperation arrangement, Coinone will access and utilize the data resources provided by RootData to write public research reports, conduct market trend monitoring and research, and systematically review the relevant information of assets listed on the platform.Coinone, established in 2014, is one of the earliest cryptocurrency exchanges in South Korea, with relatively strict internal standards for asset security and information disclosure. This cooperation will further enhance Coinone's capabilities in project information transparency and market analysis, helping it better serve users and comply with regulatory requirements.RootData's collaboration with the South Korean exchange also marks the extension of its data services to more mainstream trading platforms in South Korea. Currently, RootData has established data partnerships with a series of South Korean partners, including TokenPost, Etoday, Nexblock, Tiger Research, and Kimpga, with the total number of data partners exceeding 240.

According to a report by the Korean News Agency, Jeong Dae-sik, a representative of the People Power Party (the largest opposition party in South Korea), stated that the government needs to re-examine the establishment plan of the "Future Response Fund" funded by excess tax revenue, as well as the taxation system for virtual assets (digital assets).Jeong Dae-sik stated that excess tax revenue is temporary, and once spending increases, it is difficult to reduce. Therefore, priority should be given to alleviating the tax burden on the public. Regarding the taxation of virtual assets scheduled to be implemented in January next year, he called for a postponement or abolition, stating that forced taxation could lead to capital flowing to places like Hong Kong and Singapore.

According to BBX data, yesterday global publicly listed companies in the US stock market and well-known Web3 infrastructure providers disclosed the latest developments on expansion in the Asia-Pacific hub, institutional collaborations, and brand strategy restructuring. The core information is as follows:MoonPay established a subsidiary in South Korea as the Asia-Pacific hub, partnering with KakaoBank, Woori Bank, and KB Financial Group: Global cryptocurrency payment infrastructure giant MoonPay officially announced the establishment of a wholly-owned subsidiary in South Korea, planning to make it a comprehensive expansion center for the group in the Asia-Pacific region. At the same time, MoonPay has reached deep strategic cooperation with South Korea's three major mainstream financial institutions—KakaoBank, Woori Bank, and KB Financial Group. The scope of cooperation includes cross-border payment clearing, localization distribution of the Korean won stablecoin, digital wallet technology integration, and the establishment of compliant cryptocurrency fiat withdrawal and recharge channels, aiming to build a high-speed network for the flow of funds between South Korea and the global Web3.CEA Industries officially renamed to "BNB Standard," Nasdaq trading code changed to "BNC": Nasdaq-listed company CEA Industries, focusing on BNB reserve strategies, announced the completion of its brand transformation and strategic renaming, with the company name officially changed to BNB Standard. After the renaming, the company's common stock will continue to be traded on the Nasdaq Capital Market, and the securities trading code will be officially changed to "BNC." This renaming aims to directly highlight its strategic positioning of using BNB as a core treasury asset and promoting decentralized ecological investment.

Cryptocurrency payment company MoonPay announced the establishment of MoonPay Korea and is collaborating with South Korea's digital bank KakaoBank, commercial bank Woori Bank, and KB Financial Group to expand stablecoin payments and digital asset services in South Korea. MoonPay Korea will be responsible for local service development and will serve as the company's base for expansion in Asia. MoonPay's Asia-Pacific head Bugeon Lee stated that the stablecoin backed by the Korean won is expected to expand the coverage of South Korean financial institutions and provide new cross-border transaction methods for businesses, as the company hopes to build relevant infrastructure in South Korea with banking partners.The collaboration with KakaoBank focuses on blockchain-based overseas remittances, cross-border payments, and multi-currency stablecoin services. The two parties plan to initially conduct a proof of concept aimed at international students, testing the complete process of initiating transfers from South Korea, transferring via stablecoin, and converting to US dollars for deposit into a US bank account. The collaboration also covers the issuance and distribution of won-pegged stablecoins, payment settlements, as well as trading, custody, and conversion of stablecoins denominated in won, US dollars, yen, and others, with access to MoonPay's global distribution and payment network supported by assets and regions.MoonPay will collaborate with Woori Bank to provide global distribution for future won-pegged stablecoins and validate the cross-border payment settlement model for local businesses based on stablecoins. The partnership with KB Financial Group will explore card payments, global remittances, wallet custody, and stablecoin usage for individuals, institutions, and foreigners in South Korea. Founded in 2019, MoonPay claims to serve over 30 million customers in approximately 180 countries and supports more than 1,700 business clients.

Korean KakaoPay's securities and tokenization platform Dinari and Ondo Finance have reached separate collaborations to explore the on-chain integration of Korean listed stocks and distribution to overseas market investors. KakaoPay announced these two independent agreements on Tuesday, covering the acquisition of target Korean stocks, tokenization infrastructure, and potential distribution arrangements outside of Korea.The collaboration with Dinari will rely on its dShares model for a proof of concept, which aims to retain shareholder rights, including dividends and voting. Dinari currently offers 724 tokenized U.S. stocks and ETFs through dShares, and this collaboration explores extending that model to stocks of Korean listed companies. Dinari CEO Gabe Otte stated that the proof of concept has not yet selected specific Korean listed companies and has not set a commercialization timeline; the proposed model will use locally listed stocks in Korea as the underlying assets, rather than tokens that only track their prices.The initial focus of the agreement with Ondo is to establish a framework for the acquisition and custody of Korean listed stocks, preparing for subsequent tokenization. KakaoPay will operate a comprehensive account for foreign investors to hold and manage the underlying stocks, and both parties will also study the issuance and redemption mechanisms for tokens. This collaboration comes as Korea advances its token securities regulatory framework: the Korean National Assembly passed an amendment in January this year, recognizing distributed ledgers as legitimate securities registries; the Financial Services Commission included it in capital market reforms in June; and the framework is set to take effect in February 2027.

The ruling Democratic Party of Korea and opposition party members, along with industry groups, jointly called for the postponement of the cryptocurrency tax plan scheduled to take effect in January 2027.A member of the Democratic Party's Policy Committee, Min Byeong-deok, stated that initiating taxation before the establishment of the Basic Act on Digital Assets lacks sufficient legal and institutional foundation, and the mechanisms for tracking income from overseas exchanges and loss carryforwards are still inadequate.

On September 29, B.AI officially debuted at the Seoul GWDC 2026 KOREA event. As a one-stop AI infrastructure platform aimed at the AGI era, B.AI is committed to providing global developers with low-threshold, cost-effective AI computing power and Agent services. During this exhibition, the B.AI team will engage with on-site developers, industry partners, and Web3 community members to discuss cutting-edge topics such as AI, Web3, and Agents, exploring more possibilities for the integration of intelligence and decentralization.

On September 29, GasFree officially debuted at the Seoul GWDC 2026 KOREA event. As a tool focused on solving the pain points of on-chain transfer fees, GasFree allows users to complete transfers directly using USDT or USDD in their wallets without needing to hold TRX, eliminating the hassle of being unable to trade due to a lack of TRX to pay for gas fees.You are welcome to visit the event to learn more about how GasFree operates and to personally experience the convenience of completing on-chain transfers without needing to hold TRX.

According to on-chain analyst Specter, North Korea is laundering funds across multiple chains, including underlying chains such as dYdX, Noble, and Osmosis, and has opened perpetual contract positions on dYdX.

Goldman Sachs Global Investment Research Department's South Korea stock analyst Chris Cha stated in a report on September 23 that KOSPI has the conditions for a short-term tactical breakout, but the continuous flow of liquidity from South Korean retail investors into the cryptocurrency market will make the index's subsequent upward movement more reliant on foreign capital and local institutions reconfiguring. The report noted that concerns about the Federal Reserve's interest rates have been partially digested by the market, and risk appetite has shifted towards proxy AI themes.The report pointed out that South Korean memory chips provide fundamental support, with fourth-quarter DRAM contract prices expected to grow double digits quarter-on-quarter, and the ramp-up of HBM4 capacity will continue to limit the supply of standard server DRAM. Samsung Electronics' large shareholder returns, continuous buying by institutions, and foreign capital turning into net buying may drive KOSPI towards the resistance zone of 7000 to 7200 points.The report also indicated that the capacity of local South Korean retail investors to absorb has weakened. After Bitcoin returned to $85,000, cryptocurrency trading in South Korea has heated up. According to DefiLlama data cited in the report, Upbit's single-day spot trading volume on June 13 was approximately $770 million, which rose to $1.817 billion on September 22, an increase of about 136%. Based on the total trading volume of $3.27 billion on that day across South Korea's five major trading platforms, Upbit alone accounted for over half. Goldman Sachs believes this will make KOSPI more reliant on foreign and institutional buying in the future, and October is a critical window to test whether foreign capital will continue to increase its investment in South Korean semiconductor and AI assets.

According to the official announcement, the South Korean cryptocurrency exchange Bithumb will launch the PYUSD token on the Korean won market, with trading expected to open at 15:00 local time.

Stablecoin issuer Circle is hiring a "Senior Director, Ecosystem Growth, South Korea" in South Korea, responsible for developing market entry strategies, tracking regulatory dynamics, and establishing partnerships within the domestic financial and digital asset industry.The position requires candidates to have over 13 years of business development experience, familiarity with stablecoins, DeFi, and institutional financial liquidity, and fluency in both Korean and English. Circle previously stated that its strategy in South Korea is not to directly issue a Korean won stablecoin, but to collaborate with local Korean won stablecoin issuers to provide infrastructure connecting to the US dollar stablecoin.