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 […]
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 […]
SEOUL – South Korean prosecutors raised the prospect that Do Kwon, the progenitor of a US$60 billion (S$84.4 billion) cryptocurrency wipeout, is trying to evade redress over a meltdown that shook digital asset markets worldwide. Kwon had moved from South Korea to Singapore, where his now collapsed Terraform Labs project had a base, but the […]
SINGAPORE – Liquefied natural gas (LNG) prices in Asia have hit fresh records as Japan and South Korea, two of the region’s largest buyers, start their procurement programme for the coming winter, industry sources said. As Singapore imports most of its gas requirements, residents here can expect electricity prices to remain high.
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 […]
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 […]
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 […]
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 […]