South Korea Halts New Downloads of DeepSeek Over Privacy Concerns South Korea recently made a significant move by halting new downloads of the popular mobile application DeepSeek. This decision comes as a response to growing concerns over the app’s data protection practices, particularly regarding user privacy. The South Korean government’s action sheds light on the […]
South Korea moves to lift corporate crypto trading ban
South Korea Lifts Corporate Crypto Trading Ban: A Step Towards Financial Innovation South Korea, known for its tech-savvy population and innovative approach to business, is making headlines once again in the world of cryptocurrency. The recent decision to lift the corporate crypto trading ban marks a significant step towards embracing the future of finance and […]
South Korea reviews trade response as Trump plans new tariffs
South Korea Reviews Trade Response as Trump Plans New Tariffs Government officials in South Korea have recently found themselves at a crossroads, deliberating on the best course of action in response to President Trump’s proposed new tariffs. With the potential for significant economic and diplomatic challenges looming, the stakes are high for the East Asian […]
South Korea accuses DeepSeek of excessive data collection
South Korea Accuses DeepSeek of Excessive Data Collection In a recent turn of events, South Korea has raised concerns over the data collection practices of tech giant DeepSeek. The Local Intelligence Service has questioned the AI responses and data handling of DeepSeek’s subsidiary, LLM, sparking a debate on the boundaries of data collection and privacy […]
South Korea blocks DeepSeek access over security fears
South Korea Blocks DeepSeek Access Over Security Fears South Korea has recently taken a bold stance on cybersecurity by blocking access to DeepSeek in several government ministries. This move comes as part of the country’s broader efforts to tighten controls on generative AI services, citing security concerns as the primary reason for the ban. DeepSeek, […]
Crypto Ownership Soars in South Korea Post-Trump Victory
In recent months, South Korea has witnessed a significant rise in cryptocurrency ownership, coinciding with Donald Trump’s electoral victory. This surge is indicative of a shifting landscape in the Korean financial market as citizens increasingly turn to digital assets. Current estimates put the value of South Korean crypto assets at an impressive $70.3 billion, and […]
South Korea Plans to Open Crypto Trading to Universities by 2025
In an ambitious move, South Korea is poised to allow universities to engage in cryptocurrency trading by 2025. This initiative marks a significant step in integrating digital currencies into the mainstream educational framework. As universities prepare for this shift, numerous opportunities and challenges lie ahead. The South Korean government is implementing this change through a […]
South Korea's Upcoming Cryptocurrency Gains Tax: What You Need to Know
In a decisive move, South Korea’s Democratic Party (KDP) is advancing legislation to impose a tax on cryptocurrency gains starting January 1, 2025. This announcement comes amidst a backdrop of ongoing debates within the government, particularly with the ruling People’s Power Party (PPP), which has suggested a postponement to 2028. The KDP, however, is countering […]
South Korea Targets Unpaid Taxes with Crypto Seizures
In a strategic move highlighting the increasing seriousness of tax collection efforts, the city of Paju in South Korea’s Gyeonggi Province has announced an initiative to seize and liquidate cryptocurrency holdings from residents who have failed to pay their taxes. This decision comes after notices were issued to 17 individuals who collectively owe around 124 […]
New Rules for South Korea’s Cross-Border Crypto Trades
South Korea is on the verge of a significant shift in its approach to cross-border cryptocurrency transactions, a sector that has been rapidly evolving yet fraught with challenges. Set to be implemented in the latter half of 2025, these new regulations require businesses involved in international cryptocurrency trading to register with the appropriate authorities and […]