News list for " Korean government"
The South Korean government announced a 33 trillion won support program for the chip industry (up from 26 trillion won last year). South Korea will establish a semiconductor financial assistance program 20 trillion won (17 trillion won last year).
Policy financing support for automakers increased from 13 trillion won to 15 trillion won this year.
According to Yonhap News Agency on the 7th, the South Korean government tentatively plans to hold a new presidential election on June 3rd. The State Council on the 8th will finalize the election date. (Kim Ten)
The South Korean government has declared a national mourning period for the plane crash until January 4.
The South Korean government announced today that it has imposed sanctions on 15 individuals and an entity from the Democratic People's Republic of Korea who have been involved in illegal cyber activities, including cryptocurrency theft. The South Korean Foreign Ministry said in a statement that the 15 North Korean individuals had been working for Bureau 313 under the Ministry of Machine Industry of the Workers' Party of Korea. The department, which has been sanctioned by the United Nations Secur...
The South Korean government said it would provide unlimited liquidity to the market if necessary.
White House: US President Joe Biden's administration is in contact with the South Korean government and is closely monitoring the situation.
CryptoQuant CEO Ki Young Ju posted on the X platform that South Korean government officials said that 10% of South Korean trade transactions use stablecoins. USDT has a 72% share of the stablecoin market, mainly on the TRON blockchain, probably due to its speed and lower fees than ETH. For whatever reason, the market chose Tether and TRON, and they found a product-market fit.
The wife of Terraform Labs founder Do Kwon has won all appeals against the South Korean government's decision to confiscate her real estate shares and the right to sell her apartment. It is understood that the court ruled that the disputed assets were property purchased in her own name during her marriage to Kwon.
The South Korean government has announced that it will postpone the implementation of the new virtual asset tax regulations until January 2025 to address the issue of tax burden and regulation clarification for individual investors. According to the new regulations, from 2025 onwards, the law will include income tax for residents, withholding tax for non-residents, and gift tax for virtual assets. The extension mainly affects income tax for resident individuals and withholding tax for non-reside...
According to Yonhap News Agency, the South Korean government and the ruling party will increase fines and penalties for illegal selling shorts, and South Korea will extend the ban on selling shorts until March next year.
