Search results for Korea Financial Intelligence Unit
Games & Commerce
Naver-Dunamu merger hurdle eases as committee recommends amending enforcement decree
South Korea\'s Presidential Regulatory Reform Committee\'s growth subcommittee reviewed an enforcement decree revision to the Act on Reporting and Using Specified Financial Transaction Information on July 24 and recommended that the Financial Services Commission add an exception to fit-and-proper screening rules for major shareholders of virtual asset service providers. The recommendation could ease regulatory burdens raised during Naver\'s bid to acquire Dunamu. The revised law is set to take effect on Aug. 20.
Crypto
Calls grow to build trust infrastructure for corporate access to digital assets
With corporate participation in South Korea\'s digital asset market set to expand, speakers at a National Assembly seminar said the market should be opened safely by separating trading and asset custody, strengthening internal controls and setting clear liability frameworks for accidents. Participants called for independent custody infrastructure aligned with international standards, institutional-grade security and transparent management of reserve assets. They also urged swift progress on second-stage legislation for the Digital Asset Basic Act.
Crypto
KB Securities signs MOU with Canton, Wavebridge to build digital asset infrastructure
KB Securities is partnering with the Canton Foundation and Wavebridge to push a shift in South Korea\'s capital markets toward distributed ledger-based infrastructure. The three signed a memorandum of understanding on June 4 at KB Securities\' headquarters in Seoul\'s Yeouido district. They will jointly review applying Canton Network-based infrastructure to domestic capital market transactions. They also plan to expand cooperation to introducing distributed ledger-based financial products and building overseas distribution infrastructure.
