Hyun-il Hwang

2 months ago | lexology.com | Hyun-il Hwang |Ryonho Kang |Daniel Chang |Mooni Kim

Since 2017, Korean regulators have prohibited corporate transactions in virtual assets by restricting the opening of real- name accounts for corporate entities. The government’s decision at that time was driven by concerns over money laundering and market overheating, given that corporate trading was seen as posing higher risks compared to individual trading.

Jun 12, 2024 | lexology.com | Hyun-il Hwang |Jae Oh |Sanghyeok Lee |Ryonho Kang |Mooni Kim

On June 10, 2024, the Financial Services Commission (the “FSC”) issued its first guidelines (the “NFT Guidelines”) specific to non-fungible tokens (“NFTs”).