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Investigators said suspects printed fake 50,000-won bills to scam crypto holders in face-to-face trades.
On November 2nd, Minister of Commerce Wang Wentao met with South Korean Minister of Industry and Trade Kim Jong-guan in Gyeongju, South Korea. The two sides conferred on maintaining the stability of the industrial chain supply chain and strengthening regional and bilateral cooperation. Wang Wentao said that China and South Korea are important close neighbors and cooperative partners, and China is willing to work with South Korea to implement the important consensus reached by the leaders of the ...
Rhee Chang-yong, governor of the Bank of Korea (central bank), said that "if you rashly introduce the Korean won stablecoin, you will be very worried about exchange rate fluctuations in the foreign exchange market and capital outflows." President Li that day...
According to market news, Zheng Xingshun, head of the Reserve Investment Department of the Bank of Korea, said that the Bank of Korea plans to consider additional purchases of gold in the medium to long term.
According to Yonhap News Agency, Park Sung-hoon, a lawmaker from the National Power Party of South Korea, will propose a bill to amend the Foreign Exchange Transactions Act to include stablecoins in the scope of payment methods stipulated by law. The bill aims to amend the "Definition" part of Article 3, item 1, to combine stablecoins with government banknotes, bank notes, coins...
Rhee Chang-yong, governor of the Bank of Korea: Compared with other countries, the price of the Korean stock market is not high.
The Bank of Korea kept interest rates unchanged, in line with market expectations.
On October 17, 2025, the 14th China-Japan-ROK Central Bank Governors' Meeting was held in Washington. Kazuo Ueda, Governor of the Bank of Japan, chaired the meeting, and Pan Gongsheng, Governor of the People's Bank of China, and Ri Changyong, Governor of the Bank of Korea, attended the meeting. At the meeting, all parties exchanged views on the recent economic and financial situation and other topics. The 15th China-Japan-ROK Central Bank Governors' Meeting will be held by the Bank of Korea in 2...
South Korea's National Tax Agency has warned cryptocurrency holders that if they do not resolve their tax debts, officials could confiscate cold wallets during home searches. NTS says it can use blockchain analytics tools to track on-chain activity, and when it suspects currency is hidden offline, it inspects homes and confiscates hard drives, cold wallets, or personal computers. The move is a long-standing move to crack down on cryptocurrency tax evasion on local exchanges, and the scope of enf...
