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” Seoul government opens city’s metaverse project to public “ The Seoul Metropolitan Government has launched its Metaverse Seoul project, allowing residents of the South Korean capital city to access city services in a virtual environment. In a Jan. 16 press briefing, Seoul Mayor Oh Se-hoon announced the launch of the first phase of Metaverse…
” Bithumb ordered to pay outage damages to investors by South Korean court “ The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts. On Jan. 13 the South Korean Supreme Court finalized its ruling that the exchange must pay damages to investors over a 1.5-hour service…
” Huobi clarifies Korean operations: Two separate entities aiming at same market “ Following the report about Huobi Korea’s planned buyout of its shares from Huobi Global, the latter revealed that the deal has already been made, and the two platforms have been operating completely separately since the Fall of 2022. In the press release…
” South Korean regulators target Bithumb in new probe “ The South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local reports. On Jan. 10 tax agents raided the exchange’s headquarters in the country’s capital city Seoul as a part of a compliance investigation….
” Huobi Korea seeks to split from parent company, change its name: Report “ Local media reported Jan. 9 that cryptocurrency exchange Huobi Korea is preparing to purchase its shares from Huobi Global and change its name. About 72% of shares in Huobi Korea are owned by Huobi Global cofounder Leon Li. Huobi Korean chairman…
“This week’s critical moment for Biden to act on China’s threat” Japan’s Prime Minister Fumio Kishida comes to Washington this week for a potentially critical summit with President Joe Biden — particularly on China, which Tokyo now publicly recognizes as its principal threat. Just weeks ago, Kishida announced a historical “turning point” in Tokyo’s security…
“South Korea reconfirms that Seoul and Washington are discussing joint nuclear exercises” South Korea reconfirmed Tuesday that Seoul and Washington are discussing its involvement in U.S. nuclear asset management in the face of intensifying North Korean nuclear threats, after President Joe Biden denied that the allies were discussing joint nuclear exercises. The purported difference came…
” Bithumb former chair Lee Jung-Hoon acquitted in the first instance “ Lee Jung-hoon, the former chair of the South Korean cryptocurrency exchange Bithumb, was found not guilty on Jan. 3 by the 34th Division of the Criminal Agreement of the Seoul Central District Court. Jung-Hoon was on trial under accusations of violating the Act…
” New year, same old troubles — The FTX saga continues in 2023: Law Decoded, Dec. 26-Jan. 2 “ Although having been granted the opportunity to enjoy Christmas and the New Year with his family, former FTX CEO Sam Bankman-Fried has very few reasons for optimism in 2023. The United States Department of Justice has…
“South Korea pardoning ex-President Lee Myung-bak for corruption” SEOUL, South Korea — The South Korean government of President Yoon Suk Yeol said Tuesday it will grant a special pardon to ex-President Lee Myung-bak, who was sentenced to a 17-year prison term for a range of corruption crimes. The Justice Ministry said in a statement that Lee is…