According to Odaily, South Korea's Financial Commission has successfully passed a proposal to establish a new Virtual Asset Department. The approved job revision case and its related implementation rules will be announced and implemented on the 25th of this month. The Virtual Asset Department will undertake the necessary management and supervision work to establish order in the virtual asset market and protect users.
The department will temporarily add eight staff members by the end of 2025. This includes one level 4 officer, four level 5 officers, two level 6 officers, and one level 7 officer. The establishment of this department marks a significant step in the regulation and management of virtual assets in South Korea.