Techub News reported that the Financial Services Commission (FSC) of South Korea plans to release a roadmap for allowing companies to open virtual asset won accounts at the end of this month, according to the Korea Economic Daily. Currently, Korean companies must obtain real-name accounts associated with transactions from commercial banks to trade won on virtual asset exchanges.

FSC said that it will first open real-name accounts for non-profit organizations such as central government ministries, local governments, public institutions and universities; in the second phase, it will allow related companies such as virtual asset exchanges to open won accounts. In the medium and long term, it will review allowing general companies and financial companies to open accounts.