02 Feb 2023

N Korea says US drills pushing situation to ‘extreme red-line’

North Korea has criticized both South Korea and the United States over their joint military exercises. North Korea has stated the drills have pushed the situation on the peninsula to a red line and have threatened the region into a more critical war zone. The statement was issued on Thursday

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30 Jan 2023

South Korea to deploy cryptocurrency tracking system in 2023

The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities. The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and

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27 Jan 2023

Bithumb Offices Stormed In Coin Manipulation Investigation

Bithumb offices in South Korea were stormed on Thursday by local authorities investigating token price manipulation, media house Yonhap news reported late yesterday. The crypto exchange is one of five crypto trading venues still running in South Korea after a major crackdown on digital asset service providers in 2021. Per the

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04 Jan 2023

Seoul, Washington urged to cut North Korea’s purse strings through cryptocurrency regulations

North Korea made headlines in 2022 by firing more ballistic missiles than any other year ― 38 launches. But besides its ceaseless saber-rattling, the isolated country was also in the spotlight for its illegal cyber activities that allegedly raked in billions of dollars. Crippled by international sanctions, the Kim Jong-un regime, which

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04 Jan 2023

South Korea-U.S. Military Drills Could Use Nuclear Assets, President Yoon Suk-yeol Says

South Korea’s president has stated that Washington and Seoul are discussing conducting joint exercises using nuclear assets. US President Biden has since played down the claim. President Yoon Suk-yeol stated that the goal of the drills would be to practice extended deterrence methods. Although South Korea does not possess its

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02 Dec 2022

Korean Prosecutors Seek Arrest of Terra Co-Founder Over $105M LUNA Sale

Terraform Labs co-founder Daniel Shin appeared in court Friday, at a hearing to decide whether he should be arrested for allegedly extracting illegal profits prior to the collapse of the Terra ecosystem. Per the Korea Times, Shin stands accused of selling a $105 million hoard of Terra’s LUNA tokens at

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01 Dec 2022

Africa to receive first batch of 50,000 mpox vaccines

The African continent will receive its first batch of mpox vaccines as a donation from South Korea, according to the Africa Center for Disease Control and Prevention. The 50,000 doses will be given to health workers and people living in the hardest hit areas.  There have been 202 deaths recorded

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09 Nov 2022

South Korean Academic: We Must Block North from Hacking Crypto

A South Korean academic has claimed that Seoul must take steps to stop Pyongyang from hacking crypto targets south of the demilitarized zone – as tensions escalate between North Korea and its southern neighbor. Reports from both South Korea and Japan have repeatedly stated that Pyongyang-based groups like Lazarus have been

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02 Nov 2022

South hits back as North Korea fires most missiles in a day

In an escalation of hostilities, North and South Korea have fired a number of missiles into waters near each other. North Korea launched at least 23 missiles, its most in a single day, including one that landed less than 60km off the coast of South Korea’s city of Sokcho. Seoul

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31 Oct 2022

South Korea Halloween Tragedy Claims Mostly Young Revelers

On Saturday night, 154 individuals died in the Itaewon district of Seoul, South Korea when a narrow alleyway that was overcrowded with Halloween party goers caused crowd crush. South Korean authorities are currently investigating the tragedy that took the lives of so many people, most of whom young adults. New

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