South Korea’s second-largest crypto exchange, Bithumb, has confirmed a security breach involving its internal mobile system, which employees use to work and communicate. Personal information was leaked after an unauthorized party gained access. The exchange is investigating whether customer information was exposed in the incident. Bithumb discovered the breach on
South Korea’s Financial Services Commission has announced plans to tighten cybersecurity requirements across the country’s financial sector after an industry-wide review uncovered more problems than anyone wanted to find. A regulatory review of 555 financial companies revealed cybersecurity deficiencies in 130 of them, nearly one in four. In addition, approximately
Ripple has signed a strategic partnership with South Korean securities firm Meritz Securities to explore institutional digital asset custody and tokenization infrastructure for the country’s capital markets. The agreement, announced on October 14, 2026, marks Ripple’s first partnership with a South Korean securities firm as it expands its work with
South Korea’s KB Kookmin Card has signed a memorandum of understanding (MOU) with Japan’s SBI Holdings and two cybersecurity companies to test identity checks for artificial intelligence (AI) agents and explore cross-border crypto and stablecoin payments between the two countries. Announced on October 13, the four-party agreement also involves South
Jeonbuk Bank, an affiliate of JB Financial Group, has launched South Korea’s first won-denominated loan program backed by Bitcoin. The product is currently limited to corporate clients, with Bitcoin as the only accepted collateral. The loan proceeds are restricted to business operating funds, covering payroll, supplier payments, and day-to-day operations.
Kakao Pay Securities has signed MOUs with both Ondo Finance and Dinari Global to explore the tokenisation and international distribution of South Korean-listed stocks. The partnership marks one of the most concrete moves yet to open Korean public markets to global investors through blockchain infrastructure, rather than the traditional and
South Korea’s Financial Services Commission (FSC) is reviewing whether to introduce a formal market-making framework for digital assets after a sharp price distortion involving yen-pegged stablecoin JPYC on Upbit raised concerns over liquidity and investor protection. FSC Director of Digital Finance Policy Yoo Young-jun said on September 28 that the
The next phase of cryptocurrency lawmaking in South Korea is moving towards a November review by parliament, per the Financial Services Commission. The schedule comes amid worries over delays in relation to the Digital Asset Framework Act. According to officials from the FSC, there is common direction between the government
South Korea is moving to expand tokenized securities beyond fractional investment products, with plans to build infrastructure that can eventually support stocks, bonds, funds and other traditional securities. The Financial Services Commission (FSC) announced the policy direction on September 4 following a meeting of its public-private tokenized securities consultative body.
South Korea has officially stated that its crypto tax will include taxable income generated by means of individual wallets and foreign exchanges as of January 1, 2027. According to the Ministry of Economy and Finance and NTS it doesn’t matter where the asset is located or how it is stored.
