The Cheongju City government has ordered seven crypto exchanges to submit a report on the crypto holdings of 8,250 people, who each owe over KRW 1 million in tax.
August 23, 2023Until new rules for the crypto sector come into force in 2024, the new investigative team will be charged with investigating unlawful trading activities.
July 27, 2023The FSC established a crisis response team late last week in response to a bank run at a major credit cooperative.
July 10, 2023The FSC will be able to impose a penalty surcharge of up to twice the amount of illegally earned profits. The enhanced penalties will take effect in January 2024.
July 4, 2023The bill focuses on protecting virtual asset users and preventing unfair trading practices. The new framework will be implemented within one year.
July 3, 2023FIs are opposed to the move as it would raise the premium rates they pay for deposit insurance. Regulators say the impact should be "carefully examined".
June 29, 2023Until the new measures are implemented in the next three months, new CFD trading by individual investors will be restricted.
May 30, 2023Crypto holdings will be included under the private interests that members of the National Assembly need to report.
May 29, 2023Investors are expected to be able to trade security tokens in 2024 through the digital platforms of major securities firms. General investors will be subject to investment limits.
February 6, 2023The revision bill will benefit almost 1,000 listed companies, exempting them from a requirement to subject their internal accounting management systems to external audits.
January 4, 2023