According to ChainCatcher, South Korea’s Financial Services Commission announced that it will postpone until 2025 the decision on whether to allow companies to open cryptocurrency accounts.
A decision is expected after a virtual asset committee meeting in January. Previously, there were plans to gradually allow non-profit companies to open real-name accounts, but the plan has not yet been finalized.
In December 2017, the Cabinet passed an emergency administrative order prohibiting companies from investing in crypto assets. Industry insiders called for allowing legal persons and institutional investors to enter the market as soon as possible to promote market stability and healthy development.