The high delisting rates and financial risks in the South Korean crypto market are drawing attention. Over the past seven years, 34.9% of cryptocurrencies listed on South Korean exchanges were delisted, with many failing to last even two years. The problem is compounded by the lack of clear standards for listings or delistings under current regulations. Exchanges have the power to decide which cryptocurrencies to list or delist based on their own criteria. Delistings have devastating effects on investors' portfolios as the delisted coins become inaccessible and liquidity drops. The high delisting rates can be attributed to the speculative nature of the South Korean crypto market and a lack of solid business models or technological foundations for many newly listed coins. The South Korean government has introduced a best practice plan for virtual asset transaction support, which includes stricter listing requirements. However, without strong regulatory frameworks, investors remain exposed to significant risks. Thorough research is recommended before investing in new cryptocurrencies, although the market remains unpredictable.



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