PANews reported on January 8 that the Financial Services Commission of South Korea announced its main work plan for 2025 on January 8, announcing that it will gradually allow legal persons to open real-name accounts for virtual asset transactions through discussions of the Virtual Asset Committee. Although the law does not explicitly prohibit the issuance of legal person real-name accounts, financial regulators have previously instructed banks to avoid issuing such accounts to legal persons. The Financial Services Commission plans to start with non-profit legal persons and gradually develop specific implementation plans.
In addition, the Financial Committee will also promote the "Second Phase of Virtual Assets Bill", which covers the issuance and circulation supervision of virtual assets. In the future, the focus will be on discussing the listing standards, stablecoin management, and the rules of conduct for virtual asset exchanges, and aligning with the global regulatory framework.
