South Korea has introduced new measures to boost currency trading during extended market hours, after a year of market ...

An exclusive Korean social club that commands a KRW 1 billion membership fee could exclude people who made their fortunes ...

The court ruled the customers benefited from unjust enrichment due to a network delay, not the exchange’s servers.

DUBAI, United Arab Emirates (AP) — Iran is assessing the damage and lashing out over the American and Israeli airstrikes on ...

Bank of Korean Governor Rhee Chang-Yong discusses government plans for Won-denominated stablecoins, monetary policy, the ...

South Korean cryptocurrency exchange Upbit is working with payments company Naver Pay to promote a won (KRW) stablecoin ...

According to reports, South Korea has lifted a 14-year ban that prohibited domestic financial institutions from buying kimchi ...

Bank of Korea halts CBDC project as support grows for won-pegged stablecoins. Eight major banks now plan a stablecoin launch.

Eight commercial South Korean banks have joined to establish a won-linked stablecoin comprising two initial models.

Key Insights: The Bank of Korea is planning to launch a won-denominated stablecoin through regulated commercial banks.. Eight major South Korean commercial banks are collaborating in this ...

Won stablecoin, on the horizon The ruling Democratic Party in June proposed the Digital Asset Basic Act, aimed at establishing market order and ensuring financial stability in the crypto sector. The ...

Thus, KakaoPay is simply working on a blockchain-based coin whose value will always be held 1:1 to the Korean won. Users will be able to hold, send, and receive “₩-Coins” just like any other wallet ...