South Korea's Financial Services Commission (FSC) has announced that certain institutional investors, including listed companies, will be allowed to open virtual asset trading accounts starting in the second half of the year. The FSC stated that this move was in response to significant demand from qualified investors for blockchain-related business and to ensure the country is not left behind as other countries embrace virtual assets. The regulator also acknowledged the risks associated with increased corporate participation and will be implementing measures to strengthen safeguards in the virtual asset market. Banks and virtual asset exchanges will be responsible for thoroughly screening institutions seeking to open virtual asset trading accounts. Financial companies have been initially excluded from this initiative to prevent potential risk contagion, but a decision on their inclusion will be made in the future based on market review and test progress.



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