ChainCatcher news, according to Digital Asset, the South Korean Financial Services Commission (FSC) stated that it does not believe that dollar-denominated stablecoins will lead to unilateral capital outflows. According to FSC data, from November 2024 to February 2025, the total amount of dollar stablecoins flowing into South Korea reached 35.3 trillion won (approximately 24.8 billion USD), while the amount flowing out to foreign countries also reached the same figure. This is the first time the FSC has disclosed data on cross-border stablecoin flows.

ChainCatcher news, according to the Daily News, the Financial Services Commission (FSC) of South Korea has reiterated its commitment to the smooth and timely development of a regulatory framework for stablecoins. Previously, the South Korean government announced plans to review the second phase of legislation for its broader virtual asset framework, with stablecoin regulation listed as a top priority.The FSC confirmed that it will adhere to the original timeline, aiming to draft specific content for the second phase of regulation in the second half of this year. A dedicated working group composed of relevant government agencies will be responsible for organizing this process. The commission also stated that, in light of recent market volatility, it will enhance monitoring of the broader virtual asset market, including stablecoins. These efforts aim to strengthen protection for cryptocurrency users.

ChainCatcher news, according to Yonhap News Agency, Hong Joon-pyo, the presidential primary candidate of South Korea's ruling People Power Party, promised at a policy forum to significantly reduce regulations on blockchain and cryptocurrency.The conservative candidate stated that he would follow the regulatory approach of the Trump administration in the United States. He pledged to implement blockchain technology in government services while promoting virtual assets as an independent industry.

ChainCatcher news, the global AI×Web3.0×cross-border e-commerce integration event "Nexus 2140" will be held on June 21-22, 2025, at the Goyang International Exhibition Center in South Korea. The South Korean government, in collaboration with over 400 global tech companies, 150+ venture capital firms, and 3000+ industry leaders, will jointly explore new paradigms of digital commerce.The event will feature deep collisions in three major areas: AI technology applications, Web3.0 decentralized ecosystems, and full-link integration of e-commerce innovation. Leveraging South Korea's Web3.0 policy pilot zone and K-pop cultural advantages, it aims to create a tech carnival with tens of thousands of participants—top concerts featuring aespa, ITZY, and others will attract 80 million fans, while the metaverse exhibition area, AI interactive devices, and Web3.0 e-commerce real-world demos will build an immersive future experience. Over 150 investment institutions will be on-site to tap into the trillion-dollar market and discover potential unicorns.

ChainCatcher news, according to Coindesk, the Financial Intelligence Unit (FIU) of South Korea has requested Apple to block 14 applications of overseas unreported virtual asset operators, including KuCoin and MEXC, which have been blocked since April 11.The statement noted: "Unreported business activities will face criminal penalties." The FIU has been continuously monitoring unreported overseas operators and has also blocked access through internet websites. The FIU emphasized: "In the future, we will negotiate with relevant agencies to continue blocking such apps and websites to prevent money laundering risks and user losses."

ChainCatcher news, according to Digital Today, South Korean financial regulators have decided to postpone the application of the Credit Information Act to virtual asset service providers (VASP) until December 1, 2025. Previously, the Financial Services Commission defined cryptocurrency user transaction information as "credit information," requiring cryptocurrency exchanges to comply with this law. Considering the insufficient preparation time for the industry, the Financial Supervisory Service has decided not to impose penalties for related violations during the grace period, unless there are exceptions such as intentional misconduct or gross negligence.

ChainCatcher news, according to The Block, the five major commercial banks in South Korea and several regional banks met with ruling party lawmakers this week, calling for the relaxation of restrictions on the number of partner banks for cryptocurrency exchanges. Current regulations require each exchange to cooperate with only one bank to comply with anti-money laundering regulations.Woori Bank President Jung Jin-wan pointed out that this model limits user choices and affects system stability, suggesting that "one exchange should be able to connect with multiple banks." Meanwhile, as the institutional investment ban gradually eases, several exchanges in South Korea are preparing to welcome corporate clients.

ChainCatcher news, according to a report by Jinshi citing CCTV News, on April 10 local time, Lee Jae-myung, the former leader of South Korea's largest opposition party, the Democratic Party, released a campaign video and officially announced his candidacy for the presidency of South Korea. On April 9, Lee Jae-myung announced his resignation as party leader to fully focus on his presidential campaign.

ChainCatcher news, according to overseas crypto media Watcher.Guru, South Korea has stated that it will not take retaliatory measures against U.S. tariffs and is seeking to negotiate a new trade agreement.

ChainCatcher news, according to the Daily Economic News, after false reports led to a 9% increase in mainstream cryptocurrency prices, South Korea's daily cryptocurrency trading volume surged nearly 400%. The false report claimed that U.S. President Donald Trump was considering suspending tariff measures.Data from CoinGecko shows that on April 7, the 24-hour trading volume of South Korea's top five cryptocurrency exchanges reached 6.78 billion won (approximately 4.58 million USD), the highest level since March 4, and an increase of 368% compared to 1.45 billion won (approximately 980,000 USD) on April 5.

ChainCatcher news, the National Pension Service of Korea (NPS) manages 1,224 trillion won (836 billion USD) in assets, and the agency plans to study how to use blockchain in its fund trading system to enhance the transparency and security of managing deposits, withdrawals, and investments.It is reported that NPS plans to initiate a preliminary disclosure process, inviting blockchain experts and companies to participate in discussions before the formal launch of the program.

ChainCatcher news, according to Jinshi Data reports, the Nikkei 225 index closed down 2644.00 points on April 7 (Monday), a decrease of 7.83%, reporting at 31136.58 points. During the session, it once fell below the 31000 mark to a new low since October 2023.The South Korean KOSPI index closed down 137.39 points on April 7 (Monday), a decrease of 5.57%, reporting at 2328.03 points, and during the session, it once fell to the lowest level in over 17 months.

ChainCatcher news, according to a report by Yonhap News Agency on the 7th, the South Korean government has tentatively scheduled the next presidential election for June 3. The State Council will finalize the election date on the 8th.

ChainCatcher message, the South Korean finance minister stated, "I will manage the economy as stably as possible before the new president is elected."

ChainCatcher news, according to Bloter, Kim Sung-jin, head of the Virtual Assets Division of the Financial Services Commission of South Korea, stated in Congress on April 2 that if domestic cryptocurrency exchanges have sufficient anti-money laundering capabilities, it may be possible to allow foreign investment in domestic cryptocurrency assets in the future. Current laws still prohibit foreign corporations and individuals from participating in such investments.

ChainCatcher news, according to Cointelegraph, South Korea's 7-Eleven convenience stores will participate in a central bank digital currency (CBDC) payment test from April 1 to June 30, during which payments made with CBDC will enjoy a 10% discount on all products.This national pilot program is led by the Bank of Korea and financial regulatory agencies, with a limit of 100,000 participants, covering multiple banks and retail channels. Users can convert their bank deposits into equivalent CBDC for consumption. The project aims to promote the prototype construction of future monetary systems.

ChainCatcher news, Citigroup analysts Jin-Wook Kim and Jiuk Choi wrote in a report that due to sluggish economic activity in the first quarter and the new tariffs effective in the U.S. in April, South Korea's GDP growth this year may be weaker than expected.Analysts said that the delay in fiscal stimulus measures could also weigh on the country's GDP growth. They lowered South Korea's GDP growth forecast for 2025 from 1.2% to 1.0%. The government is likely to prepare an additional budget of 20 trillion won in the third quarter after compiling an additional budget of 10 trillion won in the second quarter to support the economy. They added that the central bank may cut interest rates three more times this year—possibly in May, August, and November.

According to ChainCatcher, as reported by Cryptopolitan, the Busan District Court in South Korea sentenced three cryptocurrency investment fraudsters to prison for violating the Specific Economic Crimes Aggravated Punishment Act. The main perpetrator was sentenced to four and a half years in prison, while the two accomplices received sentences of three and a half years and two and a half years, respectively. The three conducted illegal cryptocurrency investment activities in a building in Busan in June 2019, claiming to possess an algorithm capable of trading from approximately 1,000 high-quality cryptocurrencies worldwide, promising investors a 30% monthly return on investment. In reality, they had no trading algorithm, and the funds raised, approximately 610 million won (about $416,000), were used for personal consumption.

According to ChainCatcher news, as reported by SBS, by the end of February 2025, the total number of users on South Korea's virtual asset trading platforms reached 16.29 million, accounting for about 32% of the national population, surpassing the number of stock investors (14.1 million).It is worth noting that this data is based on the total number of account holders from South Korea's five major trading platforms—Upbit, Bithumb, Coinone, Korbit, and Gopax. If the same person opens accounts on multiple exchanges, they will be counted multiple times.