#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 forward in Korea's virtual asset regulation. 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 indicates that the Korean government is actively promoting the development of the virtual asset industry and is committed to establishing a more comprehensive regulatory system to ensure the healthy development of the virtual asset market.