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Discover all the payments and fintech-related news and analysis about Korea, Republic Of in The Paypers News, Reports, along with other Korea, Republic Of-specific insights on the payments and fintech industry:

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South Korea updates its Virtual Asset Users Protection Act

News | Cryptocurrencies | 07 Feb 2024

The government of South Korea has decided to update its Virtual Asset Users Protection Act to protect investors from market crimes.

cryptocurrency, regulation, financial crime, digital assets

South Korea delays crypto capital gains tax to 2027

News | Cryptocurrencies | 03 Dec 2024

South Korea’s Democratic Party (KDP) has agreed to postpone the implementation of the country’s cryptocurrency capital gains tax.

cryptocurrency, digital assets, tax bill, crypto

Nium partners with Jeonbuk Bank

News | Payments General | 27 Nov 2023

Real-time global payments provider Nium has announced its partnership with Jeonbuk Bank in order to offer remittance services for customers in South Korea.

partnership, remittance, money remittance, payments , cross-border payments, cross-border ecommerce, online payments, mobile payments, digital payments, ecommerce, financial inclusion

South Korea's Hana Bank partners with BitGo on digital asset services

News | Cryptocurrencies | 05 Sep 2023

South Korea-based bank Hana has started to collaborate with BitGo to offer digital asset custody services from the latter half of 2024.

digital assets, blockchain, banking, regulation

Crypto.com launches in South Korea

News | Cryptocurrencies | 03 Apr 2024

Crypto.com, the cryptocurrency platform serving over 80 million customers globally has announced the launch of the Crypto.com App in South Korea.

trading platform, cryptocurrency exchange, crypto, NFT, regulation

South Korea to ease restrictions on institutional crypto trading

News | Online & Mobile Banking | 09 Jan 2025

South Korea's Financial Services Commission (FSC) has considered relaxing its restrictions on institutional participation in cryptocurrency trading.

cryptocurrency, regulation, digital assets, trade finance

Samsung partners with Bank of Korea

News | Online Payments | 15 May 2023

South Korea-based company Samsung has announced its partnership with the Bank of Korea to launch wire transfers to Galaxy smartphones and smartwatches. 

partnership, mobile payments, online payments, digital signature, payments , contactless payments

Chiliz Partners with NAVER Pay

News | Cryptocurrencies | 02 Sep 2024

Chiliz Group, a blockchain provider for the sports and entertainment sector, has entered into a partnership with digital payments platform NAVER Pay.

partnership, blockchain, cryptocurrency, digital assets

Biosmart obtains a LoA from Mastercard for IDEX Pay biometric cards

News | Payments General | 02 Dec 2024

Global smart card technology company Biosmart has obtained a Letter of Approval from Mastercard for its biometric payment card that was built on the IDEX Pay platform. 

partnership, payments , ecommerce, biometrics

South Korea to launch task force service

News | Online & Mobile Banking | 27 Feb 2023

Financial authorities of South Korea have announced the launch of a task force service aimed to enhance banks’ business practices and overall management.

product launch, online banking, digital banking, financial services, financial institutions

STX Corporation partners with Triple-A

News | Cryptocurrencies | 13 Dec 2023

STX Corporation has partnered with digital currency payment institution Triple-A to introduce digital currency payments on the TROLLYGO platform.

cryptocurrency, digital assets, partnership, B2B payments

South Korea considers eliminating crypto tax law

News | Cryptocurrencies | 11 Jun 2024

The South Korean National Assembly Legislative Research Service has mentioned a possible crypto tax elimination debate in its policy guidebook.

cryptocurrency, trading platform, investment, regulation, virtual asset

Bithumb eyes South Korean IPO in the second half of 2025

News | Cryptocurrencies | 13 Nov 2023

South Korea-based cryptocurrency exchange Bithumb has revealed its plans to go public in the East Asian country.

cryptocurrency, cryptocurrency exchange, IPO, financial services

Alchemy Pay partners with DWF Labs to Secure USD 10 mln funding

News | Online Payments | 03 Apr 2023

Singapore-based crypto gateway Alchemy Pay has partnered with web3 investment company DWF Labs to facilitate its expansion and secure a USD 10 million funding.

funding, partnership, expansion, payment methods, NFT

South Korea expands mobile ID to overseas residents

News | Payments General | 05 Jul 2024

South Korea has announced the expansion of its mobile identification cards to its nationals and resident customers who are currently living overseas. 

product launch, expansion, payments , online payments, mobile payments, digital payments, ecommerce

South Korea introduces digital residence cards to foreigners

News | Digital Identity, Security & Online Fraud | 13 Jan 2025

South Korea’s Ministry of Interior and Safety has announced that foreigners residing in the region can apply for digital residence cards. 

digital identity, identity verification, identity method, product launch, online security

South Korea investigates Upbit over alleged KYC violations

News | Cryptocurrencies | 18 Nov 2024

South Korea has ramped up its regulatory scrutiny of cryptocurrency exchanges such as Upbit, focusing on compliance with Know Your Customer (KYC) requirements.

cryptocurrency exchange, regulation, KYC, money laundering

GLN and Remitly enable instant remittances to Korean bank accounts

News | Mobile Payments | 28 Aug 2023

Payment network GLN International has partnered with Remitly to launch instant cross-border remittances from abroad to all domestic bank accounts in Korea.

cross-border payments, remittance, money transfer, digital wallet, bank account

South Korea plans a CBDC pilot in 2024

News | Cryptocurrencies | 24 Nov 2023

South Korea has revealed its plans to launch a central bank digital currency (CBDC) pilot involving 100,000 citizens in the fourth quarter of 2024.

cryptocurrency, digital assets, CBDC, banks

KakaoPay Securities adds KakaoTalk stock service

News | Payments General | 11 Jul 2023

South Korea-based investment platform KakaoPay Securities has integrated KakaoTalk to offer a new investment experience to users.

digital assets, trading platform, product launch, digitalisation, investment