**Crypto Exchanges in South Korea to Pay New Supervisory Fees**
- Major players like Upbit, Bithumb, and Coinone will now pay a supervisory fee under the Virtual Asset User Protection Act.
- Estimated fees: Upbit - 272M won ($199K), Coinone - 6.03M won ($4.4K), Gopax - 830K won ($608).
- Korbit dodges the fee due to lower revenue.
- Fees fund Financial Supervisory Service (FSS) inspections.
- Despite operating losses, smaller exchanges must still pay up. 💸
Brace yourselves, crypto exchanges, the taxman cometh!