PANews reported on February 10 that according to Korean media reports, the South Korean financial authorities plan to introduce a self-regulatory system for the public disclosure of virtual assets within 2025 to fill the current market supervision gap. This move is aimed at protecting investors and providing support for industry development.

Currently, South Korea has implemented the Virtual Asset User Protection Act in July last year, which mainly focuses on investor protection content such as prohibiting unfair trading practices. However, the second phase of the bill involving the disclosure and issuance of virtual assets is still under discussion. In order to reduce regulatory gaps, the financial authorities plan to take the lead in launching a self-discipline disclosure system, allowing companies to make disclosures on their own, and at the same time formulate guidelines related to advertising and marketing practices.