📉 South Korean crypto exchanges such as Upbit, Bithumb and Coinone are now required to pay a supervisory fee as part of the new Virtual Asset User Protection Law.

- The fee will be approximately 300 million won ($219,992) for leading exchanges.

- Paying this fee could be a significant financial challenge for some platforms.

- Exception: Korbit, with an income of less than 3 billion won, is exempt from the fee.

The new rules add financial pressure to already unprofitable exchanges.