South Korea

An Unyielding Commitment to Justice The top legal figure in South Korea, Prosecutor General Lee One-seok, has resolutely reiterated the functionary's intention to delve into the misconduct allegations brought against the Democratic Party's (DP) leader, Lee Jae-myung. Prosecutors demand substantial penalty pursuant to a more comprehensive investigation, successive to the ruling given by a district court driving back the request for an arrest warrant. Judicial and Political Spheres: A Delicate Balance Prosecutor General Lee expressed the substantial variations in the interpretation of the situation between the prosecution and the district court pertaining to the arrest warrant. He subsequently placed a warning against any attempts to politicize legal matters stating, "The prosecution will do its best to seek appropriate punishment commensurate with crimes after carrying out additional investigation into criminal alleg...

Deception in the Crypto Market: South Korea's Largest Exchange Tricked into Trading Fake Assets The Unexpected Discovery: Extent of the Fraud In a shocking revelation, South Korea's largest cryptocurrency exchange, Upbit, recently reported a major debacle. Several fake cryptocurrencies were allegedly deposited into various Upbit accounts masquerading as genuine assets from the industry-recognized Aptos (APT). Unbeknownst to Upbit, these misrepresentations caused some customers to unintentionally trade authentic cryptocurrencies for the counterfeits. The unfortunate discovery The unfortunate discovery was made on a Sunday upon which Upbit took prompt action. The exchange temporarily suspended all APT deposits and withdrawals at around 3 p.m., resuming transactions roughly eight hours later. An internal investigation revealed that the counterfeit assets amounted to a staggering total of 20 million won ($14,8...