Key Takeaways KB Kookmin Bank will launch Kinexys-based USD payments to 10 countries next month. Parent KB Financial Group holds $552.76 billion in assets, Asia-Pacific’s 28th-largest lender. Kinexys has processed over $4 trillion cumulatively, with […]
KB Kookmin becomes South Korea’s first bank to use JPMorgan’s Kinexys payments network. New service enables faster USD transfers across 10 countries for import and export firms. Kinexys integrates with SWIFT to deliver near-instant settlement […]
Upbit launches EUL KRW trading, expanding direct access for Korean investors. EUL jumped 74% before trading as listing news fueled strong market demand. Upbit imposed temporary trading limits to reduce launch-day market volatility. South Korea’s […]
Key Takeaways Mirae Asset Consulting raised its Korbit stake to 97.15% in a deal worth about 141.4 billion won. South Korea’s Fair Trade Commission cleared the deal on July 9, 2026, citing Korbit’s 0.5% market […]
Mirae Asset Consulting becomes Korbit’s controlling shareholder after completing regulatory approval procedures. Korbit users will experience no changes as deposits, services, and data policies remain unchanged. The acquisition highlights growing institutional interest in South Korea’s […]
Circle signed MOUs with Kakao and Toss to expand USDC infrastructure across South Korea. Partnerships target payments, remittances, settlements, and digital asset connectivity. Circle continues expanding USDC through major Korean fintech and banking partners. Circle […]
Market News Mirae Asset concluded its purchase of Korbit and aims to boost its holdings from 92.06% to 97.15%. The milestone deal is the first in South Korea, where an affiliate of a traditional financial […]
Bank of Korea’s CBDC pilot relied mainly on internal security assessments before launch. No independent audit reviewed Project Hangang during or after real-world testing. Oversight concerns grow as South Korea expands CBDC and deposit token […]
South Korea seeks legal authority to seize self-custodied crypto through updated criminal procedures. Proposed warrants must detail wallet addresses, asset amounts, transfers, and secure custody arrangements. Court-supervised joint wallets could reduce theft risks while improving […]
TLDR South Korea’s FSS has started sanction procedures against Dunamu over Upbit’s $30 million hack. The regulator sent Dunamu an inspection report nearly eight months after the November 27 breach. Hackers transferred 44.5 billion won […]
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