Circle signed a memorandum of understanding with Dunamu, the South Korean CEX operator, to cooperate in advancing the stablecoin and digital asset sectors, jointly improving market participants’ information access capabilities, and promoting trust in and the healthy development of South Korea’s digital asset ecosystem.

NXC’s merger audit report shows that as of the end of 2025, its crypto asset holdings were 147.6 billion South Korean won, down 15.2% from the previous year. NXC has sold a stake in a certain exchange and decided to dispose of all its shares in Korbit, while also acquiring the European company CLI Group through its subsidiary to advance business diversification.

Gate News: According to the latest Gate TradFi data, USDKRW (US Dollar vs South Korean won) has surged by 0.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News: According to the latest Gate TradFi data, USDKRW (US Dollar vs South Korean won) has surged by 0.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News update, April 9, a South Korean court issued a ruling in an administrative lawsuit filed by a certain CEX operator against the Financial Intelligence Unit (FIU), deciding to overturn the prior three-month partial business suspension order. The court said that, in the absence of clear implementation guidance from the regulator, the operator had taken measures including customer undertakings and internal monitoring and had met its reasonable obligations. Although there is still debate over whether the measures are sufficient to fully prevent transactions with unreported counterparties, they do not support the earlier penalty decision.

Gate News message, April 9, according to a report by CoinDesk, South Korea’s ruling party has proposed a “Basic Act on Digital Assets,” aiming to establish a comprehensive legal framework covering issuance, trading, custody, and regulation. The bill would classify digital assets such as stablecoins—those pegged to fiat currencies or real-world assets—as a special category, requiring issuers to obtain licenses and meet requirements including capital, reserves, and redemption. The bill also plans to introduce a licensing and information disclosure system, clearly prohibiting market manipulation and insider trading, and intends to set up a Digital Assets Committee to coordinate regulatory oversight.

The Democratic Party of Korea plans to regulate tokenized real-world assets and stablecoins in the soon-to-be enacted “Framework Act on Digital Assets.” The proposal would require issuers to deposit assets with a trustee-managed trust institution, and classify stablecoins as a means of payment, subject to oversight by foreign exchange regulators. The bill bans earnings from idle stablecoins and calls for the development of interoperable technical standards, aiming to improve market transparency and safety. This marks an important step forward for South Korea’s digital asset regulation.

In 2026, the Korean crypto market will see significant changes, with USD Coin trading activity surging, reflecting growing demand for dollar-pegged stablecoins. Circle’s CEO will visit South Korea to discuss stablecoin use cases and partnerships with multiple banks. At the same time, South Korean regulators are strengthening stablecoin legislation, laying the groundwork for the digital asset market.

The Korean Financial Services Commission and the Financial Supervisory Service announced that they will implement an “enhanced version of the withdrawal-delay制度,”统一制定 and standardize the exception criteria for delayed virtual-asset withdrawals, with the aim of preventing scam funds from being withdrawn and ensuring trading security.

On April 8, South Korean technology stocks surged sharply. SK hynix rose 14.30% to 1,047,000 won, with a market cap of 746.20 trillion won; Samsung Electronics climbed 8.14% to 212,500 won, with a market cap of 1,373.85 trillion won.