#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 the development of the country's virtual asset market. Currently, while the law does not explicitly prohibit the issuance of real-name accounts to 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 will provide a more comprehensive regulatory framework for Korea's virtual asset market, attract more institutional investors, and promote healthy market development.