SEOUL, Aug. 13 (Korea Bizwire) — South Korean cryptocurrency exchange operator Dunamu Inc. said Wednesday it has signed a memorandum of understanding (MOU) with a Vietnamese bank to assist the establishment of a cryptocurrency exchange in the Southeast Asian country. The deal with Military Commercial Joint Stock Bank, a financial institution under Vietnam’s defense ministry, [...]
SEOUL, Aug. 11 (Korea Bizwire) — Hana Bank, a major commercial bank in South Korea, has partnered with Circle, which manages USDC, a cryptocurrency stablecoin pegged to the U.S. dollar, in a bid to explore stablecoin business opportunities, officials said Monday. The partnership stems from a comprehensive business agreement signed between the two companies in [...]
SEOUL, July 25 (Korea Bizwire) — As discussions intensify around the adoption of Korean won-based stablecoins, credit card companies in South Korea are scrambling to respond, concerned about potential disruption to their traditional role in the payments ecosystem. According to financial industry sources on Thursday, the Credit Finance Association and eight major credit card companies [...]
SEOUL, July 14 (Korea Bizwire) — Bitcoin prices hit an all-time high on a South Korean cryptocurrency exchange Monday, in line with global rallies fueled by optimism over long-awaited policy support for the industry. Bitcoin had been trading at 165.9 million won (US$120,113) per unit as of around 3:40 p.m. on the local crypto exchange [...]
SEOUL, June 30 (Korea Bizwire) — The Bank of Korea (BOK) has put the second phase of its central bank digital currency (CBDC) pilot program on hold, signaling mounting pressure from commercial banks and a shifting digital finance landscape increasingly shaped by stablecoin developments. The abrupt pause, disclosed in a virtual meeting with participating banks [...]
SEOUL, June 26 (Korea Bizwire) — Naver Pay, a mobile payment service operated by internet giant Naver Corp., said Thursday it is ready to take a leading role in South Korea’s potential won-based stablecoin market, leveraging its extensive digital finance and wallet infrastructure. “There have been active discussions over the past two weeks, but the [...]
SEOUL, June 11 (Korea Bizwire) —As South Korea’s ruling Democratic Party accelerates efforts to legalize and regulate won-based stablecoins, industry insiders warn that a hasty rollout could expose the financial system to disorder and weaken the country’s global competitiveness. In a move reflecting growing pressure from lawmakers, a consortium of major South Korean banks — including [...]
VICTORIA, Seychelles, June 10, 2025 (Korea Bizwire) – Bitget Wallet, the leading non-custodial Web3 wallet, concluded an impactful showing at the Solana APAC Summit 2025, held in Da Nang, Vietnam from June 5 to 7. As a major sponsor of the summit, Bitget Wallet used the three-day event to debut its newest payment features, connect with [...]
SEOUL, June 10 (Korea Bizwire) — As South Korea’s new administration moves to position the country as a global hub for digital assets, a majority of Koreans say they plan to increase their investment in cryptocurrencies and related financial products, according to a nationwide survey released Monday. The Korea Chamber of Commerce and Industry (KCCI) [...]
SEOUL, June 4 (Korea Bizwire) — As South Korea prepares to usher in a new administration following the 21st presidential election, the nation’s digital asset industry is poised for a potential regulatory breakthrough, with both leading candidates expressing support for broader integration of blockchain-based financial products into the legal framework. Both Lee Jae-myung and Kim [...]