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Category South Korea news

Upbit Operator to Announce Merger with Korean Tech Giant Naver This Week

Upbit Operator to Announce Merger with Korean Tech Giant Naver This Week

In Brief Naver Financial and Dunamu will announce their merger on November 27 after scheduled board approvals, combining South Korea's leading pay...
Korea Dumps Crypto for Stocks? KOSPI Hits Record as Crypto Volume Collapses 80%

Korea Dumps Crypto for Stocks? KOSPI Hits Record as Crypto Volume Collapses 80%

In Brief South Korea’s stock market hits record highs as crypto trading volume collapses over 80%. Retail investors flock to AI-driven equities li...
KERNEL Soars 25% as Upbit Opens KRW Market — What’s Driving the Hype?

KERNEL Soars 25% as Upbit Opens KRW Market — What’s Driving the Hype?

In Brief Upbit announces KERNEL listing for October 28, driving a 25% intraday price surge. Listing exposes KernelDAO to new Korean market liquidi...
Kimchi Shrinks: Stablecoin Trading Volume Plunges 80% in South Korea

Kimchi Shrinks: Stablecoin Trading Volume Plunges 80% in South Korea

South Korea’s cryptocurrency market, well-known for its focus on retail spot trading, is experiencing a noticeable slowdown. The country’s daily st...
Whales Control Over 90% of Trading on South Korea’s Crypto Exchanges, Data Shows

Whales Control Over 90% of Trading on South Korea’s Crypto Exchanges, Data Shows

A new report reveals that large-scale investors, classified as “whales,” account for over 90% of trading on South Korea’s centralized exchanges. Wh...