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South Korea news

Japan's pension fund is interested in investing in Bitcoin

As part of its strategy to expand its investment portfolio, the Pension Fund of Japan Investment Fund (GPIF) has begun an in-depth review of low-liquidity assets.

In South Korea, the «kimchi premium» was 10.32%, reaching a new high since May 2022

In South Korea, the "kimchi premium" index has reached its highest value since May 2022, as CryptoQuant reports that the index has now soared to 10.32%.

SEC Chairman Gary Gensler to Meet with South Korea's FSS Head

It became known that the chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler plans to meet with the leadership of the Financial Supervisory Service (FSS) in South..

The Supreme Court of Montenegro approved the decision to extradite Do Kwon to the United States

The Supreme Court of Montenegro has ordered the expulsion of former CEO of Terraform Labs Do Kwon to the United States, rejecting a similar request from South Korea. This was reported..

Montenegro Court of Appeal remands Do Kwon's case for a new hearing

On 7 February 2024, the Court of Appeal of Montenegro granted the appeal of Do Kwon's legal team, effectively overturning the extradition decision. The case was sent for reconsideration.

South Korean authorities are discussing the idea of abolishing the cryptocurrency tax

According to a representative from the Ministry of Economy and Finance of South Korea, the government is currently exploring the possibility of eliminating the tax imposed on crypto-assets.

Do Kwon wants to appeal the Montenegrin court's extradition decision

Terraform Labs co-founder Do Kwon appealed the Montenegro Supreme Court's decision to grant extradition requests from USA and South Korea.

Montenegro court revokes permission to extradite Do Kwon

A court decision authorizing the extradition of Terraform Labs co-founder Do Kwon to the United States or South Korea has been overturned by the Montenegrin Court of Appeal.

The media named the most successful economy in the world

In 2023, the global economy defied expectations of a recession as central banks successfully tackled high inflation. Instead, the global GDP likely grew by 3%, indicating overall economic..

South Korean regulator publishes notice on NFT and digital asset investments

The South Korean regulator, the Financial Services Commission (FSC), recently issued a notice emphasizing the importance of investors in digital assets receiving interest on their funds..

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