Korea

UK organisations will be able to securely share personal data, including credit information, with South Korea before the end of the year.

Prosecutors seized and froze USD 104.4 million in assets belonging to Daniel Shin, representing profits from the sale of pre-issued LUNA tokens to investors.

ASIFMA offers three recommendations to further strengthen Korea’s capital markets and improve access for global institutional investors.

The FSC will lower the regulatory burden on lenders so they can expand the supply of credit to lower income and low-credit borrowers.

The introduction of alternative trading systems will increase competition, boost trading activity, reduce costs for investors, and improve market efficiency.

The FSS determined that BNK Kyongnam Bank should provide 65 to 75 percent compensation to two investors affected by the collapse of Lime Asset Management.

The current accounting system in Korea does not provide options for companies dealing in crypto.

The platform will allow borrowers to compare interest rates offered by lenders and transfer their loans based on repayment costs.

New measures announced include more active liquidity support from banks and additional purchasing support from KDB and KODIT.

Coinone will end its partnership with Nonghyup Bank to increase online withdrawal and deposit limits with KakaoBank.