Korea to Introduce First Virtual Asset Sector Law — Stablecoin Licensing System to Launch
South Korea is on the verge of enacting its first comprehensive legislation regulating the virtual asset industry. Representative Min Byung-deok of the Democratic Party...
Prosecutors Raid Seoul Tax Office Over Crypto Executive’s Alleged Tax Evasion and Collusion
The South District Prosecutors' Office in Seoul has launched a raid on the Investigation Bureau 3 of the Seoul Regional Tax Office, suspecting a...
Investor Rage Turns Violent as Delio and Haru Invest Crypto CEOs Attacked
A series of violent incidents involving angry investors have rocked South Korea's cryptocurrency sector, highlighting the emotional toll of massive financial losses. Executives of...
South Korea’s Crypto Exodus: How Regulatory Barriers Are Driving Innovation Abroad
Cryptocurrency is one of the few areas where South Korea has shown prominence in the global technology industry. However, under the pretext of investor...
The Ongoing Antics of One Incarcerated Korean
A bankruptcy court in Delaware is soon expected to make a decision regarding the legality of a request to change ownership of an account...
Haru·Delio 60 Billion KRW Crypto Fraud: B&S Holdings Major Shareholder Sentenced to 10 Years…...
A major fraud case that shook South Korea's cryptocurrency market has sparked controversy as the court granted a temporary release for the perpetrator to...
Cryptocurrency Investment Scam Targets Elderly Investors, Stealing 500 Billion KRW
The Seoul Metropolitan Police Agency's Financial Crimes Unit recently uncovered a massive cryptocurrency investment scam that deceived around 10,000 individuals, particularly elderly women, with...
The Haru Invest Scandal: $1 Billion Loss, CEO Assaulted, and Victims’ Desperate Fight
In June 2023, South Korea's cryptocurrency industry was rocked by the Haru Invest scandal, where over 16,347 investors lost a staggering 1.39 trillion KRW...
Desperate Pleas from Haru Invest Victims: ‘Consider the Suffering of the Victims’
Last month, a shocking incident occurred in which Lee, the CEO of Haru Invest, was stabbed during a court appearance. Lee was facing trial...
The Haru Invest Scandal: Despair of Victims and a Tragedy in Court
The knife attack on Haru Invest CEO Lee, which took place on the 28th at Seoul Southern District Court in Yangcheon-gu, has become a...
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Virtual Assets Emerge as Key Issue in Early Presidential Election —...
As South Korea's June 3rd snap presidential election approaches, political parties are ramping up efforts to win the support of the nation's 18 million...
