Address
5F, 526 Nonhyeon-ro,
Gangnam-gu, Seoul, Korea
South Korea’s largest virtual asset exchange, Upbit, is facing criticism for its Upbit delayed hack disclosure, which amounted to a delay of 7 hours and 51 minutes and raised concerns about the adequacy of its response. This response has been…
The National Assembly’s recent approval of amendments to the Act on Electronic Registration of Stocks, Bonds, etc. and the Financial Investment Services and Capital Markets Act (FSCMA) marks Korea’s first comprehensive regulatory framework for security tokens. The reforms establish clear…
Cha & Kwon Law Offices provided comprehensive legal advisory services on the service structure, terms, and overall policies for a virtual asset project preparing to launch a non-custodial on-chain staking service. The model allowed users to stake tokens directly from…
South Korea’s largest cryptocurrency exchange, Upbit, has once again suffered a major security breach—this time involving approximately KRW 44.5 billion in assets transferred from its hot wallet to unauthorized addresses. The incident has intensified concerns about Upbit internal control weakness,…
South Korea’s Financial Services Commission (FSC) has rejected the Bank of Korea’s proposal to obtain emergency intervention authority over KRW-denominated stablecoins, creating a major split in Korea’s stablecoin regulation as the government moves toward Phase 2 of its Digital Asset…
South Korea’s fast-growing KRW stablecoin ecosystem is now confronting a critical legal and security challenge: the absence of a comprehensive regulatory framework governing issuance, burning, reserve management, and operational oversight. As stablecoin trading on Korean exchanges reaches record-high volumes, experts…
South Korea’s Financial Services Commission (FSC) is accelerating legislation for KRW-based stablecoins, signaling a potential shift from a bank-only issuance model to a more inclusive framework allowing qualified non-bank entities, including fintech and big tech firms, to issue stablecoins. FSC…
South Korea is rapidly advancing toward establishing a legal framework for stablecoins, positioning them as a key component of the “Phase 2” Digital Asset Law. The central debate now centers on who will control stablecoin issuance and operation. Traditional financial…
Cha&Kwon Law Offices provided legal counsel to a global blockchain company planning to consolidate multiple project tokens into a single integrated token. The client aimed to enhance circulation efficiency and scalability by unifying tokens previously operated across different partner platforms into one…
Cha&Kwon Law Offices provided legal counsel to a domestic game developer that was negotiating a publishing contract with an overseas publisher. The project involved a mobile game aimed at the global market and presented complex legal issues, including ownership of…
Ohoon Kwon, Managing Partner at Cha & Kwon Law Offices, has been honored with the “Blockchain Contribution Award (Individual Category)” at the 2025 Blockchain Promotion Week x Web 3.0 Conference organized by the Korea Internet & Security Agency (KISA). The…
Global crypto exchange Binance, having acquired domestic exchange Gopax with approval from the Financial Services Commission (FSC), successfully cleared its first major hurdle — the National Assembly’s oversight hearing. However, serious issues were raised during the hearing, including allegations of…
Cha & Kwon Law Offices notes that South Korea is gradually playing an increasingly important role in the Asia-Pacific (APAC) cryptocurrency market, particularly in stablecoin trading and professional-level trading activities. According to a recent Chainalysis report, from July 2024 to…
Cha & Kwon Law Offices recently advised a global blockchain company preparing an innovative token reward program. The project aimed to attract worldwide users with differentiated incentives, but it also faced the challenge of complying with diverse financial regulations across…
