Crypto

Exchange major shareholder stake cap kept despite delays in digital asset law, raising fears of chilled financial investment

As the institutionalisation of South Korea’s digital asset market is delayed, financial authorities are again stressing the need to limit major shareholders’ stakes in exchanges, heightening industry concerns. The Financial Services Commission is considering a 20 percent cap, with options such as allowing up to 34 percent under conditions or limiting voting rights. With second-stage legislation stalled, uncertainty is affecting deals and investments involving Naver Financial, Dunamu, Coinone and Korbit.

Games & Commerce

South Korea Google Play payment and fee rules to change at year-end, key is \'real costs\'

Google is expanding payment options on Google Play and overhauling its service fee structure, with the new system set to take effect in South Korea on Dec. 31. Developers will be able to use their own payment methods or external web payments, with fees varying by method and user status. Industry attention is on how much developers’ total costs change once payment processing fees and system operating costs are included.