According to sources in the financial investment industry, the Financial Services Commission is expected to establish a Virtual Assets Department by the end of June and complete the appointment of the department head. To this end, the Financial Services Commission has applied to the Ministry of Public Administration for organizational structure adjustments. Officials from the Financial Services Commission stated, “Originally, virtual asset-related policies were the responsibility of the Financial Innovation Department, but the newly established Virtual Assets Department will also be under the Financial Innovation Department.”
South Korea to Establish Virtual Asset Department by the End of June to Safeguard User Assets Ban on Civil Servants Holding Virtual Assets