Register Now
Announcements > News > Phemex Suspends Korean Language Service >

Phemex Suspends Korean Language Service

Author: Alan W. Date: 2022-08-18 09:29:27

  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube

As a Singapore-based cryptocurrency exchange, Phemex serves over 5 million users across 200 countries and was a relative late-comer to the South Korean market so is not yet a widely known exchange in the region. To better serve our Korean users, Phemex had active Korean language service for several months. However, regulators have recently been investigating whether cryptocurrency exchanges that are active in South Korea without business declaration may be in violation of the Specific Financial Information Act. In order to comply with domestic regulations to the greatest possible extent, Korean language service and the operation of official Korean communities on Phemex has been completely suspended as of August 17, 2022.

For any inquiries contact us at
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free
Subscribe Phemex

Get The Latest News And Updates From Phemex!

Get The Latest News & Updates!


Surfing on PT Airdrop Tsunami and Get Ready to Win 1,000,000 PT!

Celebrate the Launching of the Phemex Token on November 30th