The South Korean Financial Services Commission has proposed detailed rules for the issuance and trading of tokenized securities, scheduled to take effect in February 4, 2027 and establishing issuer-capital requirements and limits on retail OTC trading. The proposal will enter the approval process after a public-comment period.
MoonPay announced the establishment of MoonPay Korea and partnerships with KakaoBank, Woori Bank, and KB financial group to explore stablecoin cross-border payment, remittance, custody, and settlement services. Some projects remain at the proof-of-concept or exploratory stage.
MoonPay has established a subsidiary in South Korea, plans to develop it into an Asia-Pacific business hub, and is advancing cooperation with local financial institutions on cross-border payments, Korean won stablecoins, and compliant fiat on/off-ramps.
South Korea’s ruling party, opposition lawmakers, and industry groups jointly called for postponing the virtual asset tax plan originally scheduled to take effect in 2027 year January.
Circle is hiring a Senior Director of Ecosystem Growth in South Korea, responsible for go-to-market activities, regulatory tracking, and partnerships with the financial and digital asset industries. The company previously said it would partner with local Korean won stablecoin issuers to provide infrastructure connecting USD stablecoins.
The report, citing the South Korean deputy prime minister, said that the government last month selected SK telecommunications,KT and Kakao to lead the “National AI for All” plan, which is intended to allow approximately 51600000 residents to use ChatGPT-like services and personal AI assistants for free.
A Tiger Research survey shows that 73.7% of South Korean crypto investors oppose the current crypto tax plan, mainly due to concerns about tax burden fairness, profit-and-loss accounting, and insufficient system readiness.