Kim Byung-kyu suggested that South Korea should prepare for the introduction of a KRW stablecoin, emphasizing that short-term government bonds as preparatory assets can enhance its payment stability and value storage function, particularly during market fluctuations, reducing risks and contributing to fiscal efficiency.

According to ChainCatcher news and reports from DigitalAsset, a representative of the South Korean crypto assets exchange Bitsonic has been sentenced to 6 months in prison for involvement in a fraud case amounting to 1 billion KRW. Previously, this representative was sentenced to 7 years in prison for another fraud case. This fraud involved inducing trades through false announcements, artificially inflating the volume and market capitalization of Bitsonic Coin (BSC), thereby defrauding clients of a total of 1.6 billion KRW.

Odaily News DSRV, a South Korean blockchain infrastructure service provider, announced the completion of approximately 16 billion KRW (about 11.6 million USD) in its Series B round of financing. This round of financing was participated in by major South Korean investment institutions such as Intervest and NH-SK Securities. The second round of financing is expected to start at the end of next month, at which time more financial institutions will join. DSRV currently provides node and infrastructure services for over 70 blockchain networks worldwide, managing assets totaling over 40 trillion Korean Won. The company's sales in 2023 reached 10.7 billion Korean Won, with a net profit of 3 billion Korean Won. In the future, it will focus on expanding into new business areas such as stablecoins and custody, and accelerate its global expansion plans in regions such as the United States, Japan, and Africa. (edaily)

Gate News bot message, South Korea's major crypto assets exchange Upbit has officially announced today that it will add trading support for the Caldera (ERA) token. According to the announcement, this token will simultaneously launch three trading pairs: Korean Won (KRW), Bitcoin (BTC), and USD (USDT). This listing is the latest initiative by Upbit to expand its trading varieties. The addition of ERA Token trading will provide platform users with more digital asset investment options.

PANews, July 3rd, reported that MoneyS has stated that South Korea's KB Kookmin Card has submitted 35 trademark applications related to stablecoins, involving names such as "KBCSTB", "KBCST", and "KBCKRW". This move is part of a broader strategy by the South Korean credit card company to gain an advantage in the anticipated KRW-pegged stablecoin market. KB Kookmin Card is the second major credit card issuer in South Korea to enter this field, following Shinhan Card.

Odaily News South Korea's payment giant Kakao Pay has submitted 18 trademark applications related to "KRWKP" to the Korean Intellectual Property Office, covering service categories such as stablecoin names, payment settlement, and crypto assets wallets. Analysts believe that this move may be aimed at preparing for the launch of its own Korean won stablecoin. Kakao Pay responded that the trademark registration is a proactive protective measure to address future diversified business, and there are currently no specific business plans. (Seoul Economic Daily)

PANews, June 20, reported by PR Newswire, that Parataxis Holdings, a startup focused on Bitcoin investments, has announced it has reached a final agreement with Bridge Biotherapeutics, Inc. to invest 25 billion KRW (approximately 18.29 million USD), allowing Parataxis Holdings to acquire a controlling stake in the company. Following the completion of this transaction, the company intends to change its name to Parataxis Korea and continue to be listed on the KOSDAQ in South Korea. This transaction will create a Bitcoin-based native fund management platform in the South Korean public market, supported by institutional investors with rich experience in digital asset investments. Previously reported, Parataxis

Gate news, on Thursday (June 19), during the early Asian market, the price of Raydium (RAY) surged over 18%. The main reason for this price surge is that South Korea's largest Crypto Assets exchange announced it will list the RAY/KRW and RAY/USDT trading pairs, which will open for trading at noon on June 19 (local time).

PANews, June 18 - According to Kaiko data, as of this month in 2025, the crypto trading volume in South Korean Won (KRW) has reached $663 billion, making it the second largest crypto assets market in the world, following the United States dollar ($832 billion). About one-third of South Korean adults hold crypto assets, which is double that of the United States, indicating a growing influence in politics and economics. However, structural issues such as market fragmentation, low stablecoin adoption rates, and Kimchi Premium continue to constrain institutional participation and product innovation.

ChainCatcher news, Lair Finance announced that it will become the first DeFi protocol integrated with the Korean Won (KRW) stablecoin on Kaia, and will be the first to build a dedicated KRW yield vault (KRW Vault). The KRW stablecoin is jointly promoted by South Korean tech giants Kakao and LINE, marking an important move in the on-chain finance sector. After the announcement, 12

Gate News bot message, Sisa Journal reported that the ruling Democratic Party of Korea officially submitted the draft "Basic Law on Digital Assets" on June 10. The bill is led by Min Byeong-deok, a member of the National Assembly's Political Affairs Committee and chairman of the Special Committee on Digital Assets, and plans to reduce the minimum capital requirement for stablecoin issuance companies from 5 billion KRW to 500 million KRW ( approximately 368,000 USD ). This move aims to create a more favorable market environment for fintech and crypto startups. In response, the Bank of Korea has expressed a cautious stance, emphasizing that improper institutional design poses risks of undermining the status of the Korean won as legal tender, as well as affecting the effectiveness of monetary policy and financial stability.

PANews June 9 news, KaiaChain Chairman Sam Seo stated on social media that following the launch of the native USDT, the team will fully promote the issuance of the Korean won (KRW) stablecoin on the Kaia Mainnet, claiming "The summer of Kaia's stablecoin has just begun." He also added that Kaia's predecessor Klaytn had participated in the Central Bank's CBDC project, laying the technical foundation for the stablecoin. Driven by this news, the KAIA token rose 17% in 24 hours, priced at 0.124 USD.

According to Gate News bot, ChosunBiz reported that Alpha Asset Management, operated by Choi Joon-hyuk, the husband of the famous South Korean actress Jun Ji-hyun, has incurred massive losses after investing in the gaming company Wemade. Data shows that Alpha Asset Management invested a total of 35 billion KRW to purchase Wemade shares from 2023 to 2024, and the current stock price has fallen by 28%, resulting in a paper loss of 15.8 billion KRW. The background causing the fall in stock prices is the second delisting of the virtual currency Wemix issued by Wemade's subsidiary from the Korean exchange. Previously, Wemix suffered a hacker attack, resulting in a loss of approximately 9 billion won in assets. Source: ChosunBiz

According to Gate News bot, CMC data shows that the price of WCT has risen from $0.35 to over $1.3 in the past month, and then has fallen to around $0.65 in the last two days. The data also shows that the WCT/KRW trading pair on Upbit, South Korea's largest cryptocurrency exchange, reached a trading volume of $558 million within 24 hours, accounting for 35% of the total trading volume on the network. Source: Wu Says

Jin10 reported on May 29 that Hanmi Semiconductor announced it has signed a supply contract for packaging equipment with ASE Group, with a contract amount of 80.456 billion KRW, equivalent to 1.44% of Hanmi Semiconductor's revenue in 2024.

According to Gate News bot, the Korea Herald reported that South Korean presidential candidate Lee Jae-myung proposed the establishment of a stablecoin market denominated in Korean won. Lee Jae-myung pointed out that local stablecoins help reduce dependence on foreign currencies, stabilize the financial system, and retain economic value domestically. Currently, South Korea only allows the trading of USD stablecoins such as USDT and USDC, and has not yet opened the issuance of the Korean won stablecoin. Data shows that in the first quarter of 2024, South Korean cryptocurrency exchanges recorded an outflow of 568 trillion KRW (approximately 40.8 billion USD), with about 50% related to USD stablecoin transactions.

According to Gate News bot, local media reports that South Korean actress Hwang Jung-eum has sparked controversy due to her embezzlement of company funds to invest in crypto assets. The production team of the SBS Plus reality show "Single Inferno" stated, "Hwang Jung-eum's video clips will not appear in the final cut, and comments from the host will be minimized." Hwang Jeong-eum admitted during her appearance at the Jeju District Court last Thursday that she embezzled approximately $3.1 million (4.34 billion KRW) from her family-owned business to purchase Crypto Assets. The South Korean prosecution has filed charges against her under the Act on the Aggravated Punishment of Specific Economic Crimes.

PANews, May 16 news, according to Money Today, a woman in her 40s from South Korea was sentenced to two years in prison by the Jeju District Court for secretly transferring her boyfriend's Crypto Assets worth 700 million KRW (500,000 USD) to her own name. In January of this year, she transferred the funds without her boyfriend's knowledge, and the court found her guilty of fraud.

According to ChainCatcher news and a report from Bithumb, due to some Virtual Asset Service Providers (VASP) suspending their Travel Rule solution services, it is no longer possible to withdraw virtual assets worth more than 1 million KRW to VASP.