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Crypto

Stablecoin remittance costs 84 percent lower than traditional transfers

A study found that stablecoin-based remittances cost about 84 percent less than traditional overseas transfers. Borderless reported that sending $200 cost $2 via stablecoin networks, versus $12.72 through conventional channels. The comparison used Borderless’ 2026 third-quarter pricing and World Bank data for the same period in 2025. Costs were also lower in Sub-Saharan Africa and Latin America. Stablecoin payments settled within minutes via local networks, while SWIFT typically settled the next business day.

AI & Enterprise

KISA chief facing dismissal challenges audit findings, cites procedural flaws

Lee Sang-jung (이상중), head of the Korea Internet & Security Agency, challenged audit findings at a parliamentary audit on Oct. 15 after the board approved a motion recommending his dismissal over allegations including misuse of a corporate card. Democratic Party lawmaker Lee Jeong-heon questioned Lee’s past career and raised suspicions of false entries and shifting responsibility to staff. Lee denied false resume claims and said there were procedural problems in the audit.

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.