Interpol issues red notice for Terra co-founder Do Kwon

SEOUL – South Korea said Interpol requested law enforcement worldwide to locate and arrest Terraform Labs co-founder Do Kwon, who faces charges related to the US$60 billion (S$86 billion) wipeout of cryptocurrencies he created. Prosecutors in Seoul said on Monday in a text message that the international police organisation has issued a red notice for Kwon, the […]

Terra founder Do Kwon at risk of Interpol red notice as net tightens

SEOUL – South Korean prosecutors have asked Interpol for help in arresting Mr Kwon Do-hyeong, the progenitor of a US$60 billion (S$84.4 billion) cryptocurrency wipeout, as they seek to charge him with alleged crimes including breaking capital markets laws. “Prosecutors on Monday have made a request to Interpol for its assistance to locate Kwon, whose whereabouts remain […]

South Korea to block foreign crypto exchanges lacking permit

SEOUL (BLOOMBERG) – South Korea plans to block domestic access to foreign cryptocurrency exchanges that lack the proper registration to operate in the country and could launch a probe into the companies. An intelligence unit of the Financial Services Commission has reported 16 foreign crypto businesses to the nation’s investigative body and asked other agencies […]

Iskra Announces New Games, Redefining Game Publishing at Korea Blockchain Week

Seoul, Korea, August 12, 2022 – (SEAPRWire) – Iskra took the stage at Korea Blockchain Week, outlining their vision of game publishing in the era of Web3. “The technology is now available for us to provide an ecosystem that enables better outcomes for everyone: players, game developers and the platform itself. There is now an opportunity for every […]

Keppel Infra-led consortium to buy Eco Management Korea for $666m

SINGAPORE (THE BUSINESS TIMES, REUTERS) – A consortium led by Keppel Infrastructure Trust (KIT) has agreed to buy South Korea’s Eco Management Korea Holdings (EMK) for 626.1 billion won (S$666.1 million) in cash. EMK is a waste management and recycling services provider and has six waste-to-energy plants and five sludge drying facilities located across South […]

South Korea targets to source 50% of chip materials supply locally by 2030

SEOUL (REUTERS) – South Korea said on Thursday (July 21) it was aiming at local sourcing for half of its materials, components and equipment in semiconductor manufacturing by 2030, up from 30 per cent currently. The plan is part of the Yoon Suk-yeol administration’s strategy to strengthen the industry. South Korea, home to top memory chip makers Samsung and […]