PANews reported on January 8 that the South Korean Financial Commission announced its key work plan for 2025 on January 8, stating that it will gradually allow legal entities to open real-name accounts for virtual asset trading through discussions by the Virtual Asset Committee. Although the law does not explicitly prohibit the issuance of real-name accounts for legal entities, financial regulatory agencies had previously guided banks to avoid issuing such accounts to legal entities. The Financial Commission plans to start with non-profit entities and gradually formulate specific implementation plans.
In addition, the Financial Commission will promote the 'Second Phase Bill on Virtual Assets', which covers the regulation of the issuance and circulation of virtual assets. In the future, the focus will be on discussing listing standards, stablecoin management, and rules of conduct for virtual asset exchanges, among other topics, while aligning with global regulatory frameworks.