Nasdaq-listed K Wave Media is effectively walking away from its Bitcoin strategy, redirecting up to $485 million previously earmarked for its crypto treasury into artificial intelligence infrastructure.

K Bank is working with Ripple to test blockchain remittances for faster and cheaper cross-border payments. The trial is being done in phases, including on-chain transfers to countries like the UAE and Thailand.

South Korean prosecutors have charged a 39-year-old man with attempted murder after he allegedly tried to kill his business partner by poisoning his coffee, following a bitter fallout over a failed cryptocurrency investment.

Fake university certificates and official documents are being sold on social media in South Korea, often paid for in crypto and delivered within hours. Police say these networks are organised and linked to wider fraud, making them difficult to track and stop.

South Korea’s central bank is calling for circuit breakers on crypto exchanges after a major error at Bithumb led to accidental Bitcoin payouts and a brief price crash on the platform. The incident exposed weak internal controls, prompting regulators to push for stronger safeguards and trading halts to prevent similar disruptions in future.

South Korea is moving to fold stablecoins and tokenized real-world assets (RWAs) into its existing financial system, a shift that could accelerate institutional adoption while significantly tightening regulatory oversight across the digital asset sector.

The central banks of South Korea and France held a two-day seminar in Seoul to discuss how digital assets like stablecoins and CBDCs affect payments and monetary policy.

South Korea’s financial authorities have ordered all cryptocurrency exchanges to check user balances against actual holdings every five minutes and set up automatic trading halts for large mismatches.

South Korean AI chip startup Rebellions raised $400 million in a pre-IPO funding round, valuing the company at $2.34 billion and planning to expand into the US. The company also launched two new AI infrastructure platforms, RebelRack and RebelPod, to support large-scale, energy-efficient AI deployments.

Bithumb is set to hold a shareholder vote on 31 March to decide whether CEO Lee Jae-won will stay, despite a $43 billion Bitcoin error and a $24 million fine. Regulators are still investigating the glitch and the exchange’s overseas order book dealings.