Topic: #south-korea
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Shinhan Card and SBI units to explore yen stablecoin payments in South Korea
Shinhan Card is working with SBI VC Trade and SBI XDC Network APAC to explore yen-backed stablecoin payments between Japan and South Korea, SBI Holdings said. No stablecoin or trial timeline has been named.
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South Korea's Supreme Court sets rules for courts to seize and sell debtors' crypto
South Korea's Supreme Court promulgated Rule 3280 on Oct. 12, standardizing how courts freeze, transfer and sell debtors' crypto on exchanges and in private wallets, effective Nov. 1.
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South Korea moves to block 27 unregistered overseas crypto exchanges
South Korea's Financial Intelligence Unit announced on October 13 that authorities will block the websites of 27 overseas crypto exchanges operating without FIU registration, Crypto Briefing reported.
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South Korea's Jeonbuk Bank reportedly launches Bitcoin-backed business loans
Jeonbuk Bank, a JB Financial Group subsidiary, has reportedly begun issuing Bitcoin-backed loans to corporate customers, with a custodian holding the BTC collateral, according to EDaily via Cointelegraph.
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LG CNS launches KITL blockchain platform for stablecoins and tokenized assets
LG CNS introduced KITL on Oct. 6, a shared blockchain platform for Korean banks, brokerages and payment firms, and expanded its tie-up with Securitize through an MOU on tokenized assets.
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South Korea's FSC proposes tokenized securities rules ahead of February 2027 start
South Korea's Financial Services Commission has proposed rules for issuing and trading tokenized securities, including a 4 billion won capital floor and a retail cap on OTC exchanges, Cointelegraph reported.
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Mirae Asset Rebrands Korbit to Digital X, Launches RWA-Stablecoin Ecosystem
South Korea's Mirae Asset has completed its acquisition of Korbit and plans to rebrand the exchange as Digital X, positioning it as an infrastructure layer for an ecosystem linking real-world assets, stablecoins, and traditional investments rather than a volume-chasing trading platform.
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South Korea integrates token securities into capital market modernization plan
South Korea's Financial Services Commission has integrated token securities infrastructure into a wider capital-market overhaul covering settlement acceleration, extended trading hours, and digital transformation.
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Bithumb CEO Lee Jae-won booked on bribery suspicion over legislator's relative
South Korean police have placed Bithumb CEO Lee Jae-won under investigation for allegedly hiring a lawmaker's son in exchange for favorable regulatory treatment and legislative support against a rival exchange.