PANews reported on June 19 that according to Korean media reports, the Financial Services Commission of South Korea plans to investigate the fee levels of major domestic crypto asset exchanges to assess whether the current fees are too high a burden on users and explore the need for policy intervention. This investigation is one of the concrete steps to implement President Lee Jae-myung's promise to "reduce crypto asset transaction fees" during his campaign.
The Financial Services Commission revealed in the work report of the National Policy Planning Committee that the investigation will cover major exchanges including Bithumb, Upbit and Coinone, focusing on the fee rate system, charging methods and amounts. At the same time, it will also refer to overseas cases to determine the reasonable level of fees.
President Lee Jae-myung has previously promised to reduce the current fee level of about 0.05% to 0.015%. The Financial Services Commission said that this survey is a preliminary preparation for the reduction of fees, and no specific target rate has been set. The policy standards will be formulated through comparative analysis of domestic and foreign exchanges and user convenience assessment.
