South Korean authorities have launched an investigation into a cyberattack on the country's largest crypto exchange, Upbit, in which approximately $36 million in cryptocurrency was irregularly withdrawn from the platform's Solana hot wallet. Investigators suspect North Korea's state-linked Lazarus Group and are preparing an
South Korea's ruling Democratic Party established a Digital Asset Task Force on 25 September 2025 with the aim of passing comprehensive stablecoin and cryptocurrency legislation by year-end, after Korean crypto exchanges transferred $40.6 billion worth of digital assets abroad in Q1 2025, with half flowing through stablecoins
South Korea's Ministry of SMEs and Startups approved on 11 September 2025 a partial revision to the Enforcement Decree of the Venture Business Act, allowing cryptocurrency businesses to register as venture companies from 16 September 2025. The decision reverses a ban in place since October 2018 that excluded
