PANews reported on December 23 that according to the Daily Economic News, South Korea held its first meeting of the Virtual Asset Market Investigation Committee on December 20, focusing on price manipulation and other illegal trading practices in the cryptocurrency market. The meeting was chaired by Kim Bum-ki, a standing member of the Financial Services Commission (FSC), and the committee approved measures against individuals engaged in these activities. Sanctions against those involved will be finalized at the FSC's regular meeting.