According to ChainCatcher, the South Korean Financial Commission announced that it will postpone the decision on whether to allow companies to open cryptocurrency accounts until 2025.
A decision is expected to be made after the virtual assets committee meeting scheduled for January. Previously, there were plans to gradually allow non-profit organizations to open real-name accounts, but the proposal has not yet been finalized.
In December 2017, the cabinet passed an emergency administrative order prohibiting companies from investing in crypto assets. Industry insiders are calling for an early allowance for legal entities and institutional investors to enter the market to promote market stability and healthy development.