#South Korea allows corporations to invest in virtual assets.#

The Financial Services Commission of Korea has announced that it will gradually allow legal entities to participate in virtual asset trading and plans to open real-name verification for corporate accounts in stages. This move marks a significant step in Korea's virtual asset regulation and will drive further development of the country's virtual asset market. Currently, while the law does not explicitly prohibit the issuance of real-name accounts for legal entities, financial regulators have previously instructed banks to avoid issuing such accounts to legal entities. The FSC plans to start with non-profit legal entities and gradually develop specific implementation plans. In addition, the FSC will also promote the "Virtual Asset Phase 2 Act," which covers the regulation of virtual asset issuance and circulation, including listing standards, stablecoin management, and virtual asset exchange behavior rules, and will align with global regulatory frameworks. This series of measures indicates that the Korean government is actively seeking to balance virtual asset development with risk control, creating a more regulated and stable development environment for the country's virtual asset market.