#south-korea

#south-korea

The value of virtual assets held by domestic investors in South Korea has plummeted by more than $41 billion (60 trillion won) over the last year, as a cooling crypto market prompted a mass migration of capital toward traditional equities. According to Bank of Korea data reportedly submitted May 10 to Rep. Cha Kyu-keun of the Rebuilding Korea Party, the total valuation of domestic virtual assets stood at approximately $41.17 billion as of the end of February. The decline marks a staggering reversal from the market's peak in January 2024, when holdings reached $82.76 billion.

South Korean monks at Jogyesa Temple in Seoul are facing that situation now as they ordained Gabi, the country's first robot monk. Dressed in traditional grey-and-brown Buddhist robes, it joined the Jogye Order of Korean Buddhism as part of the celebrations ahead of Buddha's birthday later this May. South Korea joins its neighbor Japan, which previously had its own AI monk, Buddharoid, join a Kyoto temple, a sign that the intersection of faith and technology is becoming a growing trend across Asia, and that the question of AI's role in religion is no longer purely theoretical.

The National Tax Service (NTS) is currently finalizing the technical framework for tax collection. They are coordinating at a practical level by holding several meetings with the five major virtual asset operators (Dunamu, Bithumb, Coinone, Korbit, and Gopax) to prepare the draft.

Shinhan Card, South Korea's largest credit card issuer, is stepping deeper into blockchain technology through a new partnership with the Solana Foundation, as traditional financial institutions accelerate efforts to integrate digital assets into mainstream payments.

K bank plans to use Ripple's global network and infrastructure to assess whether the technology can improve the speed, cost efficiency, and transparency of its remittance services.

The state Board of Audit and Inspection found that unplanned manoeuvres for personal filming led to the collision between two F-15K jets during a formation flight near Daegu in December 2021.

The village deliberately chose to spend solar income on welfare rather than individual dividends, a decision Jeon says residents made themselves rather than being persuaded. If you divide money as individual income, people feel disconnected.

The defendant accepted illegal proceeds while being aware of circumstances indicating their connection to drug-related offenses. The judge noted the severe social harm caused by narcotics crimes and the need for strict punishment.

Dunamu's partnership with Circle signals a commitment to enhancing compliance in South Korea's cryptocurrency market, which has faced increased regulatory scrutiny in recent years.

The video, verified by Al Jazeera, shows Israeli soldiers pushing an apparently lifeless Palestinian man from a rooftop in the occupied West Bank town of Qabatiya in September 2024. One soldier appears to kick a body before it falls.

Macron underscored the need for France and South Korea to cooperate to help reopen the strait and deescalate Middle East animosities, affirming their resolve to secure the safe shipping route in the Strait of Hormuz.

South Korea imports about 45 percent of its naphtha, a critical petrochemical feedstock, with roughly 77 percent of those imports historically arriving from the Middle East. That supply line is now, for all practical purposes, severed.

Ivory Coast showcased their attacking strength with a dominant performance, scoring four goals against South Korea while also demonstrating resilience against their opponents' attempts to score.

The decision wasn't made lightly. I can remember walking the sidewalks of our Colorado exurb, trying to decide if this was the right choice. In that sunny winter weather, our daughter bundled up in a stroller, the dog investigating lawns, our conversations would go: "Are you happy here?" "I feel like if we stay we're going to get old in front of the TV." "Can you imagine how much better the food will be?" "If we don't do it now, we'll probably never do it."

Their 4-0 victory over a brave Iran side leaves the Matildas facing an uncertain path to Asian Cup glory, even if they have now booked a place in the quarter-finals. It was a night that began with fireworks but dissolved in the Gold Coast rain to a turgid trial.

We welcome today's decision and look forward to our ongoing collaboration with local officials to bring a fully functioning Google Maps to Korea. However, the approval is contingent on the condition that strict security requirements are met, restricting Google from displaying sensitive military sites and longitude and latitude coordinates.

After a nine-year break, South Korea is set to reintegrate corporations into its cryptocurrency market. The Financial Services Commission (FSC) has established new protocols allowing listed entities and professional firms to resume trading, effectively terminating the 2017 prohibition. This move is part of the government's ambitious "2026 Economic Growth Strategy," which aims to transform the nation into a premier digital hub by introducing stablecoin laws and paving the way for spot crypto exchange-traded funds (ETFs).

WASHINGTON (AP) President Donald Trump said Monday he is increasing tariffs on South Korean goods because the country's national assembly has yet to approve the trade framework announced last year. Trump said on social media that import taxes would be raised on autos, lumber and pharmaceutical drugs from South Korea with the rate on other goods going from 15% to 25%.

South Korea has launched a landmark set of laws to regulate AI before any other country or bloc (the EU's regulations are set to go into effect in stages through next year). Under Korea's AI Basic Act, companies must ensure there is human oversight for "high-impact" AI in fields like nuclear safety, drinking water, transport, healthcare, and financial uses like credit evaluation and loan screening.

Although the money really didn't get us anywhere and we lost the bank account, the dream still stayed,

Tesla has captured the hearts of South Korea's 20s-30s demographic, emerging as the group's top-selling imported car brand in 2025. From January to November, young buyers purchased over 21,000 Teslas, putting it far ahead of fellow imported rivals like BMW and Mercedes-Benz. Industry experts cited by The Economist attributed this "Tesla frenzy" to fandom culture, where buyers prioritize the brand over traditional car attributes, similar to snapping up the latest iPhone.