According to Asiae, the Financial Services Commission of South Korea plans to set up a new "Virtual Assets Section" and complete relevant personnel appointments by the end of June to cope with the "Virtual Assets User Protection Act" to be implemented on July 19. The law aims to provide minimum protection for virtual asset users and further promote substantive supervision of the virtual asset market. In addition, the Financial Services Commission is conducting relevant training for investigators responsible for virtual assets, but specific personnel arrangements have not yet been determined. The Financial Services Commission may also adjust the restriction policy on public officials holding virtual assets to strengthen supervision of virtual asset-related work.