Mirae Asset has rebranded South Korean cryptocurrency exchange Korbit as Digital X after completing its acquisition of a controlling stake, positioning the platform as the centerpiece of its digital asset strategy. South Korean outlet Herald Business reported that Mirae Asset…

Mirae Asset has completed its takeover of South Korean cryptocurrency exchange Korbit after securing regulatory approval, paving the way to raise its ownership stake to more than 97%. According to an announcement from Korbit, Mirae Asset Consulting, an affiliate of…

Circle signs MOUs with Kakao Group and Toss to explore USDC, KRW stablecoins, cross-border payments and blockchain settlement in South Korea.

South Korea has launched a 9.6 billion won project to expand its CBDC-based deposit token payment system into everyday commercial payments, building on the Bank of Korea’s earlier pilot program. South Korea’s Korea Internet & Security Agency (KISA) and the…

South Korea’s first CBDC pilot has been conducted without any independent government security inspection, with participating banks relying mainly on their own pre-launch reviews before testing began. South Korean newspaper Maeil Business, citing data submitted by the Financial Supervisory Service…

HashKey, Kbank and BPMG signed an MOU to explore KRW stablecoins for cross-border payments, trade settlement and digital finance across Asia