Photo=Motionelements South Korea’s financial authorities are signaling that a decision on Bithumb’s license renewal is unlikely to come quickly, after a recent mistaken Bitcoin payout complicated an already sensitive review. According to regulators and industry officials on Wednesday, Bithumb applied in October 2024 to renew its registration as a virtual-asset service provider. The Financial Intelligence Unit, or FIU, is now

Investment in real estate and property. Saving money for the future. South Korea’s effort to cool its property market by tightening scrutiny on overseas buyers is producing visible results, with foreign purchases of homes in the capital falling by more than half after new restrictions took effect. At a government meeting on real-estate enforcement this week, officials said transactions involving

Photo=Samsung Samsung Electronics has surpassed 100 million monthly active users for Samsung TV Plus, a milestone that underscores how the television giant is transforming a once-peripheral feature into a core pillar of its global media ambitions. The company said the free, ad-supported streaming platform added roughly 12 million users in about 14 months, up from 88 million in October 2024.

Photo=OKAY Record A South Korean court on 2/12 local time ordered K-pop giant Hybe to pay about $19 million to Min Hee-jin, the former chief executive of its subsidiary Ador, in a dispute over a stock put option, prompting sharply different reactions from the two sides. The Seoul Central District Court ruled in favor of Ms. Min in her lawsuit seeking

Photo=Motionelements South Korea’s antitrust regulator said on 2/12 local time that it will impose fines totaling about $3.0 billion on three major sugar producers for colluding to fix prices over more than four years, marking one of the largest cartel penalties in the country’s history. The Fair Trade Commission said CJ CheilJedang, Samyang Corp. and Daehan Sugar coordinated the timing