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[Part 2] 13 Questions and 13 Answers about virtual asset tax in Korea

7. Local income tax 10% But actually, the 20% tax isn't everything. Taxation at 20% does not take into account the 10% local income tax. What is...

Korea’s Popular Blockchain Platform Klaytn Announces Integration With OpenSea NFT Marketplace

The growing popularity of NFTs is also attracting some of the legacy blockchain platforms in the market. Klaytn, the public blockchain platform by South...

Bank of Korea Chief on CBDC: Better Right Than Fast

Bank of Korea Governor Lee Ju-yeol isn’t bullish on bitcoin, but he sees potential in a central bank digital currency (CBDC), if it’s done...

South Korea’s Cryptocurrency Craze

Cryptocurrency is enjoying its second nationwide boom in South Korea since 2018. This March, users of the two largest cryptocurrency apps tripled to well...

Korean TOP Writer participates in new cryptocurrency drama as an exclusive creator

From early 2021, South Korea is looking to introduce new legislation that will make the incorporation of cryptocurrency at exchange rate markets legal. This...

Cryptocurrency Trading Volume Soaring

The daily cryptocurrency trading volume of the South Korean market reached 3,145.3 billion won on Dec. 20. The amount spiked about 25-fold in less...

Huobi Plans Takeover of Major Japanese and South Korean Crypto Exchanges

Huobi Eyes bitFlyer and Bithumb Acquisition According to an exclusive report by Chinese crypto news source @WuBlockchain, Huobi is set to purchase major Asian crypto...

Top South Korean banks to provide Bitcoin custody services

South Korea’s moving fast in the institutional crypto space. Four of the top banks in the country are mulling a regulated custody service in...

South Korea To Use Blockchain To Collect Highway Tolls

KEB Hana Bank, one of the largest banks in the country, is going to work with the Korea Expressway Corporation on blockchain-based services. With...

FSC announces plan to overhaul digital finance regulations

The Financial Services Commission (FSC) on July 26 announced a major overhaul of digital finance regulations in Korea, which have changed little since 2006. ...

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