According to market news, the South Korean government has just said that bitcoin (BTC) is a "major investment vehicle". The country plans to pass relevant laws to support bitcoin by the end of the year.
Virtual asset trading and intermediary business will be removed from the venture enterprise restricted industry. The Ministry of Small and Medium-sized Enterprises and Start-ups of South Korea (referred to as the "Ministry of Small and Medium-sized Start-ups") said on the 9th that at the state conference held at the Yongsan Presidential Palace, it reviewed and approved some amendments to the "Special Law on Cultivating Venture Enterprises" including the above content. The amendment will be effec...
According to Cryptonews, the South Korean government is accelerating its push for crypto-friendly reforms. The government of South Korean President Lee Jae-myung has listed "building a digital asset ecosystem" and "developing a domestic crypto asset market" as key national tasks. The president's office announced the plan in an Aug. 13 briefing aimed at boosting the domestic crypto industry through regulatory reforms.
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.