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Finance

Korean banks report 49 billion won in loan-fraud financial incidents; Shinhan, Woori, IBK revise amounts up

KB Kookmin, Shinhan, Woori and IBK Industrial Bank of Korea reported financial incidents totaling 49 billion won stemming from fraud by external parties. KB Kookmin made a new disclosure, while Shinhan, Woori and IBK revised earlier disclosures upward. KB Kookmin reported a 3.58 billion won loan-fraud incident tied to cases from September 2023 to December 2024. The banks said investigations are under way.

Games & Commerce

Naver Webtoon shuts 3 illegal webtoon sites in international operation, operators arrested

Naver Webtoon said on Aug. 13 it shut down three global English-language illegal webtoon and comics distribution sites and arrested their operators through international cooperation with South Korea\'s Ministry of Culture, Sports and Tourism, Interpol and law enforcement agencies in North Africa. The sites targeted users in the United States and Europe, offering about 300 Naver Webtoon works via unauthorized scanning and translation.

Crypto

UK ranks third in bitcoin adoption, but 60,000 seized BTC cannot be held as reserves

Britain ranked third in a global bitcoin adoption assessment, but about 60,000 to 61,000 bitcoin held by the government is classified as seized assets linked to suspected crime, not a national strategic reserve. The index, published by infrastructure firm JAN3, factors in holdings, mining, the legal and tax environment, reserve policy and political leadership. Prosecutors said final disposition depends on confiscation and civil procedures, and guidance distinguishes seizure from ownership.