Archives des south korea

Edited by Matt Waller South Korea’s top court has delivered a game-changing decision for the crypto world. In a unanimous ruling, the Supreme Court declared that TerraUSD and Terra (LUNA) do not qualify as regulated financial products under the Capital Markets Act. This verdict overturns the prosecution’s appeal and prevents asset seizures of Terraform Labs co-founder Shin Hyun-seong. What the Ruling Means The court’s decision is clear. Lower courts had already ruled that Terra’s tokens do not meet the legal definition of securities. Now, the Supreme Court has confirmed that these tokens fall outside regulatory protection. Prosecutors had tried to classify LUNA as a security to seize assets linked to alleged fraud. The ruling denies that claim. The decision ...

Edited by Matt Waller Despite mounting political turbulence and a slight slowdown in economic growth, South Korea has retained its long-term issuer default rating (IDR) in foreign currencies at AA-, according to Fitch Ratings. This decision underscores the nation’s enduring external financial strength, consistent economic performance, and robust export sector—even as it grapples with geopolitical risks and demographic headwinds. Key Points Stable Rating Amid Uncertainty: Fitch confirms South Korea’s AA- rating with a stable outlook despite recent political and economic uncertainties. Economic Resilience: The country’s strong external finances, steady export performance, and fiscal discipline continue to support its creditworthiness. Growth Projections Adjust...

Étiquette : south korea

Korea Declares TerraUSD & LUNA Outside Regulatory Bounds

South Korea Maintains AA- Fitch Rating Amid Political Flux and Economic Challenges