South Korea just announced new rules for classifying NFTs.

- Mass-produced NFTs used for exchange or payment will be considered digital assets and subject to regulation like crypto.

- NFTs that are limited in release and are primarily collectible will be considered regular NFTs.

- NFTs characterized as securities will be regulated under the Capital Markets Act.

The Financial Services Commission (FSC) emphasized that it will evaluate each individual case, not based on name or technology but on their true nature.