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Category FSS

Judge rules in favor of Kakao founder in stock manipulation dispute

Judge rules in favor of Kakao founder in stock manipulation dispute

South Korean authorities have dismissed the charges of stock manipulation against Kakao’s billionaire founder, Kim Beom-su.
South Korea FSS pushes for asset managers to limit crypto ETF exposure

South Korea FSS pushes for asset managers to limit crypto ETF exposure

The Financial Supervisory Service (FSS) of South Korea has given new orders to local asset managers to limit their exposure to crypto-related firms...
The Bank of Korea to initiate ‘Hangang’ CBDC pilot with 100,000 citizens next month

The Bank of Korea to initiate ‘Hangang’ CBDC pilot with 100,000 citizens next month

The Bank of Korea has announced that it will hold trials for its central bank digital currency (CBDC) project from April to June. The bank said the...
Upbit, Bithumb to pay largest-ever South Korean compensation for system failures during martial law

Upbit, Bithumb to pay largest-ever South Korean compensation for system failures during martial law

Upbit and Bithumb have agreed to compensate their users with $2.5 million. The exchanges agreed to the compensation because of technical failures d...
South Korea to inspect crypto exchanges for suspicious activity

South Korea to inspect crypto exchanges for suspicious activity

South Korea’s financial regulator, the Financial Supervisory Service (FSS), announced plans to crack down on cryptocurrency exchanges across the co...