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General News

President Lee holds 100-minute news conference, addresses issues from U.S. investment talks to troop deployment and housing

South Korean President Lee Jae-myung (이재명) held a news conference on Thursday, sharing his reflections from the past 15 months and his stance on pending issues. He said the government is renegotiating parts of U.S. investment talks that are difficult to accept and described the matter as complex. Lee said decisions on U.S. semiconductor investment will consider corporate judgment and national strategy. He also addressed troop deployment, real estate reform and special counsel powers.

Crypto

U.S. Treasury sanctions Iranian exchange Bitbank over bitcoin fund moves

The U.S. Treasury has added Iranian cryptocurrency exchange Bitbank to its sanctions list, targeting what it describes as networks used to move bitcoin to help Iran evade sanctions. The action is part of the Trump administration’s “Operation Economic Outcast” campaign of economic pressure on Iran. The Treasury also designated Iranian financier Babak Zanjani, his software firm, and three associates. Treasury Secretary Scott Bessent said the move shows crypto financing is not beyond U.S. reach.

Crypto

U.S. seeks forfeiture of $61 million in crypto tied to alleged Iran oil payment laundering via Binance accounts

U.S. federal prosecutors are seeking civil forfeiture of about $61 million in cryptocurrency they say is linked to proceeds from Iran’s black-market sales of sanctioned crude oil and petroleum products. Prosecutors filed a civil complaint and alleged the funds could have been used by Iran’s government, military and the Islamic Revolutionary Guard Corps. The complaint names two China-linked firms and identifies an interconnected wallet network that allegedly moved more than $1.5 billion.